AGLOCO is dead!

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 .

For those expecting to make a lot of money from Agloco, this might be disappointing news. There were many reports when they launched their service that their business model was flawed. A year down the line, the critics have been proved right.

I had covered Agloco in an article in June.