News and Announcements
VGW Shareholder Update – September 2014
- Published September 12, 2014 4:02PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Dear Investors,
Sincerest thanks for your support.
We have recently engaged a professional investor relations firm to keep you better informed on our progress, and from here on our updates will follow this format on a monthly basis.
We have much to report, and a full account of our progress covering our wins, our challenges, financial and team updates, can be found HERE.
Summarized highlights include:
- Hit our first profitable, cashflow positive week in September
- Facebook and their lawyers officially approved our Sweepstakes business model after 3 weeks of due diligence
- Hit $10,000 USD / day in gross revenue
- Launched a complete rebuild of our casino site for greater scale, security and stability
- Reduced operating costs and improved our gross margins
- Fine-tuned our marketing strategy
- Strengthened our team, including an ASX experienced CFO
- Renewed and strengthened our board, with 2 online casino veterans from multi-billion dollar gaming businesses
- Engaged 2 mandated capital firms (Perth & Singapore) to assist close our current raising. Do check out our full update for complete details, and feel free to contact me with further questions and information
Thank you again for your support, and looking forward to our ongoing communications.
Laurence & The VGW Team
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