Reporo Makes Plans to Liquidate Company

Reporo Makes Plans to Liquidate Company

LONDON — Mobile performance ad network Reporo has posted on its website a message saying the company is insolvent and that its assets will be liquidated.

“The directors of the company, having regard to its financial position, have decided to place the company into creditor’s voluntary liquidation,” the notice said on Reporo's homepage.

As part of the notice, Reporo also linked to a letter to creditors from BM Advisory partner Andrew Pear in regards to the liquidation of parent company, Mobilewebadz Ltd.

“The purpose of this decision is to seek the creditors’ ratification of the members’ nomination of a liquidator, and if the creditors so wish, the formation of a liquidation committee," Pear said. "Resolutions to be taken at the meeting may include a resolution specifying the basis on which the liquidators are to be renumerated and creditors may also be called upon to approve the costs of assisting in the preparation of the statement of affairs and facilitating the creditors’ decision procedure to wind up the company.”

The London-based Reporo mobile ad network started up in 2006 and primarily served advertising for products such as VOD, utility apps, gaming, men’s health, casino/sports betting and adult, with an aim of providing returns for advertisers and publishers across its banner, pop-under and remarketing network.

Just last year the company created an affiliate network, while officials said that they were attempting to strengthen partnerships with numerous key advertisers within the industry.

Check out Pear's full letter, here.

Related:  

Copyright © 2024 Adnet Media. All Rights Reserved. XBIZ is a trademark of Adnet Media.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.

More News

Dirty Cinema Launches New Paysite 'MILFuckd'

Dirty Cinema has launched a new paysite, MILFuckd.com, on its network.

Braindance Unveils '6DOF' VR Tech

Interactive virtual reality platform Braindance has debuted its new Six Degrees of Freedom (6DOF) VR technology.

Kiiroo, Pineapple Support Launch 'Empower Hour' Series on FeelHubX YouTube Channel

Kiiroo and Pineapple Support have teamed up to launch the “Empower Hour” series on the FeelHubX YouTube channel.

Kansas Law Firm Deploys Religion, Bunk Science While Recruiting Plaintiffs Under AV Law

Kansas-based personal injury law firm Mann Wyatt Tanksley is promoting debunked scientific theories and leveraging religious affiliation against the industry while it seeks potential plaintiffs for lawsuits against adult companies under the state’s age verification law.

UK Tech Secretary Lists Age Verification Among OSA Priorities

Peter Kyle, the U.K.’s Secretary of State for Science, Innovation and Technology, on Wednesday made public a draft version of his priorities for implementing the Online Safety Act (OSA), including age verification.

AEBN Publishes Popular Seraches by Country for September, October

AEBN has released its list of popular searches from its straight and gay theaters in all 50 states and the District of Columbia.

Avery Jane Featured on 'Adult Time Podcast'

Avery Jane is the latest guest on the “Adult Time Podcast,” hosted by studio CCO Bree Mills.

FSC: Kansas Law Firm Threatens Adult Site Over Age Verification

The Free Speech Coalition (FSC) has been notified that Kansas law firm Mann Wyatt Tanksley has sent a letter threatening an adult website with a lawsuit for breaking the state's age verification law.

10th Circuit Rejects Final FSC Appeal in Utah AV Case

The United States Court of Appeals for the 10th Circuit on Monday rejected a motion by Free Speech Coalition (FSC) requesting that the full court rehear its appeal in Free Speech Coalition v. Anderson, the industry trade association’s challenge to Utah’s age verification law.

Trump Nominates Project 2025 Contributor, Section 230 Foe to Chair FCC

President-elect Donald Trump has nominated, as his pick to head the Federal Communications Commission, Brendan Carr — an author of Project 2025 who has called for gutting Section 230 protections.

Show More