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Not that I’m surprised. Almost 3 months ago, when I heard that they were trying (again) for another round of financing, I knew something was up with them so I made up my mind to discontinue using this blog to promote them.

Well now it looks like they still are having troubles turning a profit. Here’s the email I got from them:

Dear Erich,

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 Development Team

AGLOCO was a great idea that definitely had the potential lift it needed with all its support around the web but it lacked the execution it needed to take off. That’s too bad. Maybe someone will buy it and try to build wings this time. ;)

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