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Wednesday, 12 December 2007

AGLOGO going bust!!!

I still remember my induction into the Web 2.0 craze and me going all bonkers about a web company supposedly going to share its profits with its user group (that would also include a very exuberant me).

Sadly, the group fizzled out before paying up.

Here's an excerpt of the email I received from AGLOCO:

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 agloco1@live.com .
Too bad, free dough would have been nice :O)

Hello fortune 500 companies, want to give AGLOCO a piggy back ride?

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