Well, the adage that “If it’s too good to be true, it’s probably a hoax” may apply to the sad fate that agloco seems to head into. Agloco is a network marketing style referral program that had good promise at the start. Now, due to lack of funds, it is highly likely that this start-up may bite the dust real soon.

I just received an e-mail from the Agloco team which reads:

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.

Sayang…

I registered as a member of the service and even promoted it at my old blogger site.

Oh well, that chapter of my blogging is over. What about you? Did you guys register too?