Investor Update Q1 2015
Dear Friends & Shareholders,
We hope this letter finds you and yours well.
As Paradise Publishers' first quarter of 2015 is in the books, we thought you'd like an update on our progress.
If you are a shareholder, you should have received both email and mail updates in the past year. If you did not receive these, please contact us to let us know.
In short, 2014 was a challenging year. A number of our key business associates and suppliers (hosting services, email marketing systems, advertisers and more) encountered major issues around the same time. Alone, each would have been problematic enough, but combined, they seriously challenged our ability to conduct business. This was addressed in our Q2 2014 update, found here.
However, I'm pleased to report that we were able to respond quickly, adapt and apply creative solutions in order to prevail. This led to us finishing the year on a slightly profitable note. This trend has also carried over to Q1 2015. However, the area most affected has been gross revenues. While we were able to make the necessary adjustments to remain profitable, overall revenues decreased from highs experienced in 2013.
For 8 straight years we overcame many challenges and continued to grow year after year. But the accumulations of these simultaneous issues unfortunately did take their toll. Therefore a going public transaction, which understandably many are waiting for, may take some time yet. We are currently working with the IRA Network, a capital resources business, to sustain this process.
Further, we remain focused on accelerating revenue growth to make any future offering both attractive and worthwhile. Your continued support remains very much appreciated and you can remain confident in the dedicated team here at Paradise Publishers who are serious and committed to our joint prosperity.
This determination to push forward has brought innovation and exciting new opportunities. If you have been following our developments, you have likely seen our new USB Library product line, now branded as e-GO! Library. For more information and a video presentation, please visit www.eGOLibrary.com
This new USB product has generated tremendous response. Test batches sold out rapidly and there are now a number of high-profile, brand retailers expressing interest. While further work and details are required to solidify these opportunities, it's very encouraging.
We're also making headway with our Retail and Gift Card programs by solidifying potential relationships with additional partners within this industry. One drawback to working with these large corporation is the time it takes to get things done. The wheels turn slowly and little can accelerate them. The massive upside of any of these partnerships keeps the motivation high to press forward on as many of these projects as we can.
Meanwhile our flagship properties and overall traffic remain positive:
- over 5.5 Million Members
- 3,200 new sign-ups daily
- 2.6 million newsletter subscribers
- 1.7 million unique visitors per month
- over 600,000 Facebook fans
In closing, we are currently manufacturing an improved version of the e-GO! Library which will be ready by late May. If you are an existing shareholder, we’d love to send you your own. If your mailing address has changed recently, or if you've not receives any mail correspondence from us this past November, please let us know your correct, physical mailing address.
We look forward to sharing more news in the near future.
Nicolas Gremion, CEO