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Comment RSSEWA Officially Closes Doors
Written by Pace LattinFebruary 15, 2013 # 11:51 am # Industry News, Marketing Insights, Specials # 48 Comments
As in EPIC, Copeac and several other companies, once the death knell is rung on PMI, the company involved usually announces that they are official closing down. This time, EWA has announced that they are closing the doors effectively pretty much immediately, two days after Ryan Eagle was declared somewhat dead. Unfortunately, this will leave a lot of affiliates unpaid for their hard work and the tenor of the announcement will do little or nothing to alleviate that problem.
This seems to be part of a long list of CPA Networks that have announces their closing. Personally, despite my article two days ago, I’m without a doubt completely flabbergasted by this growing trend of networks going out of business — for the same reasons as the other networks going out of business. Despite the signs, the articles about their advertisers going bankrupt, the message boards, affiliates and other networks still continue to be fooled that these companies will survive huge and catastrophic loses and ignore the obvious. When as an industry will we start to pay attention?
Update: It has been revealed that the person behind the fall of Ryan Eagle is actually Uber Prankster Ronaiah Tuiasosopoooooo!!! Nooo!!!
‘Nuff said, their announcement is below.
Dear EWA Affiliates,
First off, I would like to personally apologize as truly and honestly as I can for everything that EWA Private Network has put our publishers through these past months. It’s been a turbulent road for my company and it’s taken quite the toll on me and the staff around me. Believe it or not, I care about the reputation of my company I care about the publishers in my network – it burdens me daily to see what has happened. We incurred massive losses due to non-paying merchants, combined with internal problems lead to a situation which needed an outside investor to help resolve.
I spent upwards of a year seeking individuals and companies to invest into EWA and the entire process of finding an investor was draining on me – I was lead on and let down many times. Unfortunately, our most recent investor possibility ended up falling through leaving EWA with no other options. We have decided that it’s time to close our doors while we continue to seek a new investor to take over the company. Meanwhile, we will be working with a restructuring agent to liquidating our receivables and sell our assets in a way to repay outstanding payables.
Leaving EWA Network on a note like this was the absolute hardest choice I’ve made in my business career. I gave it my absolute 100% best and tried the hardest that I could, spending hours a day trying to make this company the best that it could be. Running EWA Network for these past four years and interacting with the thousands of EWA affiliates has been one of the best experiences that I’ve had, and I’d like to apologize once again to all our clients for the situation that we were put in.
Finally, I would like to apologize to our staff – especially the account managers, international partners, and our network manager on the front lines everyday. They were put into a situation where they were at the mercy of the companies problems. I accept the blame fully for it, and I want nothing that happened to the company reflect onto their shoulders because they did the best they did with cards they were dealt. When we thought the investor was coming through, I told them to pull – and when we were left empty handed, they were the ones to take the blame. They were the lifeblood of our company and I appreciate every minute they spent making EWA great.
On March 1st, 2013 we will be pausing all traffic to EWA publishers. Thank you for your years of support and the millionsof dollars in revenue that has run through EWA Network. It’s been amazing to see the growth of so many publishers since the beginning and I’m truly grateful for every single one of you.
Written by Pace Lattin
Pace Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.
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Global wide should pay the bill its there company
It’s not Global Wide’s company. That deal never went down.
Kind of ironic don’t you think? Ryan Eagle blasting Copeac and he went down the same road.
They are broke after cheating 10000s of rebill customers. They were based on scam offers and scammed on internet hugely. Bad Karma
Ryan Eagle…you cant see me… I cant even see me…LAUGHING MY ASS OFF!!!
He’s not bankrupt yet, he is in the process of moving assets with the help of Tom Eagle and Harrison Gevirtz. You may have heard of gevirtzreceivables.com and ewakids.com
They are taking your money and moving to another company. Once the transition is completed, THEN they claim bankruptcy.
Their publisher’s are just pawns.
They never let me in to their network. Oh well. I’m glad I dodged that bullet.
gooood bye ewa………..
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Wonder where their affiliates are going to go?
Anywhere that guy with Rolexes driving Porsches says, Zota if I’m right.
Affiliates follow someone they want to emulate and be like and it’s what happened with Ryan Eagle in some way.
Nobody will listen to people that are not as rich as they want to become.
.As in EPIC, Copeac and several other companies, once the death knell is rung on PMI, the company involved usually announces that they are official closing down…’
Who is ‘PMI’ referred to in this opening paragraph?
This website- Performance Marketing Insider PMI
All affiliates need move to Mgcash or Adgate networks
How many big networks are left for people to run traffic on, and be sure they are paid?
Oasis Ads, C2M, Neverblue, AdsDirect. They all do well and pay on time.
Dear Ryan Eagle.
1. Sell all your materialistic shit and pay your affiliates.
2. No one cares for your apologizes, it doesn’t solve your non-payment problems. People need their hard earned money you committed and promised to payout, not you saying “sorry sorry sorry, forgive me”
3. This is what happens when you run 90%+ scam/spam/black hat traffic to your merchants. They don’t pay you because it doesn’t back out. ? Common sense ?
4. Best of luck to you in the future, next time you run a business – please select your model so you’re not in the position to screw people over. I hope you realize the severity of this. A lot of people do online marketing as a main source of income. By you not having your shit together – I’m sure you’re responsible for many people not having money to pay their bills, food, rent. Put yourself in their shoes.
Sincerely,
-Anonymous
Does posting BS ads on facebook “hard earned money”?
Ryan and his girl friend Katherine are going to Miami to take a vacation to get away from all this madness, on your dime of course.
Don’t worry, he says his balls are made of gold, this is all according to his Twitter. Maybe there is something to repo after all.
https://twitter.com/EagleWebAssets
Wow you guys got f?*&ked.
Want recourse? Picket Tom Eagle’s house. Ryan lives there too.
207 Willow Parkway
Buffalo Grove, IL 6008
Can I get your beautiful manager Victoria, she worked her ass off for this company
I commend Ryan for literally “starting from the bottom” as a teen, what he did was amazing for someone his age.
But, if any of the OG players in this game got caught up in this the joke is on them for being idiots. You’d have to be an inexperienced kid to not see this coming.
I bet most of you people who are talking shit about Eagle never even knew the man. Respect the myth that he built about himself. Truth.
Finally it was gonna happen one day glad MR Eagle came forward and admitted they are no longer able to pay their affiliates.
Kjrocker recently posted..R.I.P EWA
The apology letter is a joke. Feed that letter to your spouse, kids and creditors and see if that makes them satisfied and happy.
This past year when he was going downhill, Ryan probably knew the handwriting was on the wall, strung people along and planned his exit accordingly.
As suggested above before he diverts all the assets of the company to another entity, affiliates that are owed money should file involuntary bankruptcy lawsuits against Ryan, his officers and corporations so the assets will be frozen and a trustee assigned to investigate the entities involved and liquidate the assets of the company.
This way any money diverted for personal gains can be clawed back and distributed to whomever is owed money.
Something else to consider. If you can pierce the corporate veil of Ryan’s companies, you can probably go after his and the other principals’ personal assets.
First, if this guy has 50m then he needs to pay his affiliates. He made all his coin off other people traffic and needs to pay up. Regardless, this industry is ridden with a bunch of little shits like him and other people who steal traffic, like W4.
Screw the lawsuits send someone to beat his ass until he pays up.
who?n why do affiliate networks even exist? It is a flawed business model
Ryan, You’re a moron, You’re Dad is a moron, You’re entire mindset towards business is a joke and any one who has half a brain and 2 eyes (which many people don’t believe it or not) then they’d realize your a joker. I’m glad your done for, I hope you’re stupid ass doesn’t come back. You were given more then 1 chance to fix this and you and you’re little dumb ego ignored it.
Lol @ Being worth 50M…You’re not worth $50 kid.
Oh and have fun with all that off shore money, Can’t wait till the FTC and the IRS here about this…you do know who they are right?
rest in peace… wait to reincarnation
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Ryan owns obey network, CPA tank, wolf storm media and countless other networks
He didnt shut down he just shut up those trying to collect
How do you know he owns these other networks?
The whois for those networks are owned by different people.
What, did he stake those networks?
Perhaps he did back Wolf, but you can see by what was written on their website, they are now free and clear:
Important Changes At Wolf Storm Media
As many of you may or may not know, Wolf Storm Media was founded in June of 2010 by a small group of young entrepreneurs who were successful affiliates looking for their next challenge. Wolf Storm Media was founded with the financial backing of an owner of another CPA network. Wolf Storm Media strategically aligned itself with this partner in hopes of parlaying their success and catapulting into the forefront of the CPA arena. As time had passed, we began to find that our partner did not have the same long term vision for the company, yet the finances remained in the sole control of this partner.
Rather than keeping profits in the company to grow the business, money was taken out as quickly as it was coming in, leaving the company struggling to meet its obligations, tarnishing relationships and attempting to sabotage the Wolf Storm Media brand. We knew at that point that something had to be done so we broke ties with our former business partners.
To that end, it brings me great pleasure to announce that Wolf Storm Media is now officially a financially independent company. We have been a financially independent company since July of 2012. As a Wolf Storm Media publisher, our financial independence means several things for you, so listen up.
First and foremost, moving forward payments will be on time, every time regardless of your payment cycle. Secondly, we are now able to offer you weekly payments on a significantly reduced threshold for those who qualify (See your AM for details).
When the final transaction was closed in June of 2012 Wolf Storm Media was incorporated as a new Nevada LLC. This is important to note because as a publisher, your 1099 from the LLC will only include earnings from June 2012 forward. You will receive 1099’s from the old entity for anything prior.
In addition to better, faster payments a few more perks you can come to expect include more competitive payouts, increased offer inventory, more direct deals, improved affiliate management – specifically in regards to availability and response time, one on one training, insider tips, insight and campaign advice and an overall understanding of your needs on a consistent day to day basis.
As a result of our new financial structure that we now have in place, our team has grown substantially in the past couple months. In addition to an entirely new accounting department please join us in welcoming our newest additions to the Wolf Storm Media family…
You can read this her:
http://wolfstormmedia.com/blog/2013/02/important-changes-at-wolf-storm-media/
BTW not cool of you to post things if it is going to hurt someone eles’s business if what you say is not true.
If he seeded these networks with ewa money then wouldn’t ewa be owed money for their investment and therefore the affiliates would be paid?
Hijo de puta, lo que debe hacer es devolver el dinero ganado por los afiliados y pegarse un tiro en la cabeza si así fuera la suerte de este desgraciado, lastimosamente las redes de cpa están buscando la salida fácil para largarse con el dinero de los miles de afiliados sin pagar para vivir una vida de millonarios y ellos son los que dicen que los afiliados son los que los estafan, pura mierda, los afiliados deberian hacer una comision para que esto no vuelva a suceder y estos hijos de puta no vuelvan a hacer de las suyas como esta sucediendo con las redes de una en una, Cual sera la proxima??
Gives an ironic twist to the ads of yesteryear that were plastered everywhere, “You Cant Join EWA.”
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Better stay with network that pays like PeerFly, Maxbounty & Neverblue
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HMM??? http://performinsider.com/2012/04/neverblue-files-for-bankruptcy/
@Whitebread
UPDATE: Neverblue has informed Performance Marketing Insider the following:
This filing will not impact Neverblue’s ability to meet client needs in any way – we intend to continue to operate business as usual without interruption. Neverblue’s business is fundamentally strong and we intend to make all affiliate payments on schedule, in a timely and reliable manner. We’ve built out our global, performance-based online marketing strategy across several unique verticals, and now operate one of the largest international cost per action networks. Neverblue is absolutely well-positioned for future growth as one of the most highly-valued lead generation companies.
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Neverblue went into bankruptcy, and then was sold to GlobalWideMedia.
I don’t see why Ryan is personally responsible. It isn’t like he had money coming in from advertisers and it went right into his pocket.
Advertisers probably were running on credit, and for whatever reason, they couldn’t/didn’t pay EWA. EWA as a company doesn’t really have a lot of options here.
They could keep paying affiliates on their cash, but that would only work for some time.
I just wish Ryan would have done this sooner, he could have saved his company/reputation.
Who really knows exactly what’s going on behind closed doors. I’m just happy that they don’t owe me anything.
On another note, I live 20 minutes away from Ryan. So if he did owe me a considerable amount of money, I wouldn’t be too concerned.
So what I just beat for my $5,000 .
I am telling you it is getting so hard to trust any network these days they just go out of business and do not have to pay there bill’s. What about the money we laid out for the traffic ? I guess that was just a gift? B/S
I am glad they didnt owe me any money. I feel bad for the pubs who lost money. I only work with 1 network and I trust them 100% and pay weekly. 007cpa.com my new home
Globalwide is behind Ryan Eagle and should pay up.
What will happen to the affiliates??? I feel sorry for them; As it is, right now Ryan is out there having some good time.
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LOL heres a newsflash for you poor saps
Ryan Eagle still owns other networks:
obey.my
Wolf Storm Media (That’s Ryan)
Levelupads.com that’s Ryan too.
EWA dumped a bunch of cash and publishers are crying but hes going to burn all of you again and you all talk tuff.
Obey.my notice how it flashes OBEY on his ewa site. He gave them “funding” and is a “silent” partner lol
Wolf Storm Media that’s Ryan again.
Levelupads.com the whole BS story of his affiliate manager taking off and screwing him. Everyone signs a no compete clause in this industry. Thats Ryans site.
There you have it. It may be scummy but hes outsmarting all of these publishers who are mad at him and probably moving their business to one of his new companies.
History = repeat
where is Harrison through all of this? Harrison was his partner…
where is global wide through all of this???
Globalwide should pay these pubs!
http://www.eaglewebassets.com/blog/growth/ewa-network-partners-with-globalwide-media/
feagle is a joke…
global wide does not own ewa for the record…
Why do affiliate networks exist? They can help a lot if they work.
Fvck you all this guy stole my name and identity.