Email received from Ken Brown, founder of Adgitize
I regret to inform you that we are closing Adgitize. We have enjoyed working with you over the last 3 years and we hope that you have enjoyed our services. Adgitize tried to fill a niche market but the costs to run the business were more than the revenues generated. Here is what to expect over the next 30 days.
Beginning on December 27th, 2011, you will not be able to open any new accounts. We will shut down the ability to create or renew any ads. On January 1st, 2012, we will officially stop showing ads and all member publishers will NOT receive revenue for any Adgitize Ads shown. If you had an ad running with us we will refund a prorated portion of your ad price.
Prorated portion of ad price means if you have an ad running and it expires on January 15th, 2012 then we will send you a PayPal payment of 15/31st of the purchase price. If the purchase price was $14 then you will receive $6.77 USD from Adgitize. We expect to make all payments to refund advertisers fees by January 4th, 2012. If you want payment by check then you will have to wait until after the 12th of January before we send those payments out.
We will send PayPal ad refunds to the PayPal address you have on file with us. To verify that your PayPal email address is valid check the Profile section of Adgitize.
Payouts for publishers and affiliates for the month of December will run on the normal schedule and should be complete by January 10th, 2012, except for those requesting checks which won’t be processed until January 12th, 2012. There is a processing fee of $5.00 per check if your preferred payment method is by check. All publishers with monies owed them who have given us a valid payment method will be paid from $0.01 USD and up.
If you have chosen the credit service within Adgitize, we will payout those earnings to your PayPal address on file with us.
We expect all services and websites to be taken out of service by January 31st, 2012. If you have not given us a proper payment method to send your earnings by that date then there will be no way to make payment to you and you will forfeit those earnings.
To communicate with us over the next 31 days feel free to use the contact us link, the forum or the blog comment section. We will be monitoring each of those communication methods until the web site is shut down.
What you should do. Make sure you have given us a valid PayPal address or street address to send your money to. Remove all Adgitize Ad Groups from your blogs. (You will stop receiving points and revenues from them after December 31, 2011).
I am sorry this is the decision we had to make and wish you the best in blogging for the new year and beyond.