Seeing is believing....

I previously mentioned in The Bubble Has Begun to Burst that the smaller gpt sites were on their way out.

Here's the proof:

From: hooraymoney@consolidated.net
To: *********@*************.com
Subject: Hooraymoney closing at the end of the month
Date: Thu 07/19/07 11:21 AM

I have decided, after much thought and consideration, to close Hooraymoney.com at the end of the month (July). We have had a great run with the site, and have been in business for over 1 year.

However, because of personal reasons, as well as the ever-changing gpt industry itself, and the fickleness of our advertisers, we have decided that continuing to run the site would not be worth the time or financial effort it takes to keep it running smoothly.

Over the last few months, membership use has dropped considerably due, in part, to advertisers who do not pay, and by fraudulent users who have changed the way the industry is running. We have done our best to weed out fraud, but we have paid a price for our new rules, etc., which has been low participation.

My main focus right now is my 11 month old son, and I have also decided to end the site, so that I may spend as much of my time with him as possible. I just do not have the time or energy to work on the website after a full day of baby wrangling. :-)

FINAL PAYMENTS:

We will do our absolute BEST to make sure all legitimate members receive their final payments from the site, for all legitimate leads created with our advertisers, provided they have met the criteria mandated in previous months. This includes making sure your account has your most current mailing address, your date of birth, phone number, and that you have completed the telephone verification, if your account has not already been verified.

We still hold the right to request additional verification from any member whose account is in question. Payouts for July will begin on time, in August. We will pay our members according to who is owed the highest dollar amount first, and continue down to who has the least amount pending in their account.

Payments are based, in part, on whether or not we receive payment from our advertisers. Unfortunately, we have had a problem with one of our main advertising affiliates, NexusLeads, in receiving payments for leads generated over the last 3 months. Due to this issue, and whether or not they eventually pay us, we may not be able to pay every member. We apologize for this, but we do not have the money to pay our members if our advertisers are not paying us. This is why we are paying in order of highest cashout to lowest.If/when we receive payment from them, we will absolutely pass the earnings on to our members who generated those leads.

GPTOA RAFFLE:

We are still participating in the GPTOA raffle for the month of July. We have already contributed our money for the raffle, so anyone who enters the raffle on Hooraymoney.com WILL have their entry combined with the entries from other sites, to draw a winner. Log into the GPTOA forum in August to find out who wins.

If you have questions regarding the closing of our site, please feel free to contact me via email, or the site inbox. However, please do not email me to ask when you will be paid, as this has already been covered. We will begin July payments on schedule, in August, and will pay all members, from highest dollar amount, to lowest dollar amount, until we run out of money. Any member not paid at that point, will receive payment based on whether we receive our missing funds from the advertiser, NexusLeads.

Thank-you everyone, who contributed your time to Hooraymoney.com. We thank you, our loyal members, and wish you well in your endeavors.

Best Regards,
Rachelle
HM Owner/Administrator

As always, the best gpt sites to join, are already listed on my Squidoo!