TORONTO, ON--(Marketwired - October 20, 2016) - Keek (TSX VENTURE: KEK) (OTCQB: KEEKF) today provided additional information on the launch of the Peeks service inside the Keek apps, which is expected to occur on or before November 1, 2016. Peeks is described as "an ecommerce enabled livestreaming platform." Existing Keek users will receive the new service as an update directly to their mobile devices, without the need to download a new app. As part of the update, the existing Keek apps will adopt the name "Peeks."
"The service has been purpose built to sit perfectly at the intersection of social and commerce. The time is right and we are thrilled to be bringing livestreaming to the Keek audience. We're going to put this already highly praised and hot new service on millions of phones, and remind 75 million and growing consumers why the Keek platform was, is, and will always be their place to peek into each other's lives," said Mark Itwaru, CEO of Keek.
Keek users will maintain all of their core Keek history which they've built over their months or years using Keek, including their "followers" and who they "follow," their Keeks along with the view counts and like counts, their login methods, profile information, and more. In addition, as with the existing livestreams, historic Keeks will be able to receive likes and tips through a simple tap of the screen. All users will have their own mobile wallet inside the platform, and can start earning money for their past and future content immediately. Content has always been a target area for Keek, which has a catalogue of approximately 60 million videos uploaded to date.
The Peeks app will not be limited to transactions between users, with merchants being a target area for the future growth of the service. "Social commerce is not just about consumers, it involves businesses as well. With 50% of millennial spend occurring online, and 50% of millennials likely to make a purchase on a social network, merchant tools are a key part of our development cycle. Interactive livestreaming has placed us back at the forefront of social, and exciting upcoming merchant tools will place us at the forefront of social commerce," said Alex Macdonald, CFO of Keek.
The Peeks service remains publically available as a beta service in the iOS and Android app stores. Peeks is a mobile platform. Following the launch of the Peeks service, the popular Keek web platform will remain live for the enjoyment of Keek's many web users, and has now adopted the name "Peeks Video." Keek's Facebook Messenger app currently known as "Keek for Messenger" will adopt the name "Peeks for Messenger," and is currently undergoing advancements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.
Forward looking statements:
The information and statements in this news release contain certain forward-looking information relating to the implementation, timing, and replacement of the Keek services with the Peeks live-streaming services. This forward-looking information is subject to certain risks and uncertainties and may be based on assumptions that could cause actual results to differ materially from those anticipated or implied in the forward-looking information. Keek's forward-looking information is expressly qualified in its entirety by this cautionary statement. Except as required by law, Keek undertakes no obligation to publicly update or revise any forward-looking information.