I just received this email in my mailbox in the last few minutes,…
We would like to update you on the status of AGLOCO’s operations. We continue to believe in the AGLOCO concept, but our revenue is currently not sufficient to give Members a meaningful distribution. And though there are increases in membership, the resulting revenue is not enough to support operating costs. As a development team we are unable to continue to use our savings to fund the operations. If any Member would like to pursue continuing the operations of AGLOCO, you may contact us at email@example.com .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
My heartfelt sympathies go with the development, as they have surely invested a lot of time, energy and money in the project, but it looks like it has been running out of time, since earlier this month. No reaction from John Chow at this time, since he was one of the biggest supporters… but let’s see.
I just hope that their supporters didn’t waste too much money and time themselves… I promoted it for a little while, but it wasn’t worth the effort, and I never liked the Ad-bar so I removed after just a few hours… I’ll be following this story up soon.