The following email is believed to have been sent to some AGLOCO members:
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 .
We would like to thank every Member for supporting our effort to bring a piece of the Internet directly to the user. We hope that we can find a way to keep the operations going.
Agloco is the reincarnation of AllAdvantage, a Web 1.0 company that paid users for viewing advertising through a toolbar. When AllAdvantage failed they said this time they would get it right.
As the graph above shows, traction was never reached at Agloco and the last six months have seen a steady decline.
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