Rpoints, some associated brands and websites have been bought by our company - V A C Media.
At the moment, we are in the process of taking over the operations, code, database etc. We will be working on a relaunch of the cashback service from next week and expect to have the site operational in March.
We will be making a more announcements soon, but I thought I would say hi and brief our members.
Who is behind new Rpoints
Established 6 years ago, V A C Media is a multi-award winning company which operates more than 200 loyalty/reward/cashback programs of its own and for other companies.
We power the cashback/reward portals of banks, government departments, media organisations and more than 30 FTSE 100 companies.
We continue to meet the high standards in security, finance, accounting and operational procedures of these organisations. So you can be assured that new Rpoints will be run with the same standards.
Our company has 67 employees and we are a financially sound organisation with healthy profits from our other operations. This means we can invest in Rpoints brands and subsidise the operational costs of Rpoints.
Just to make discussions easier, let me call the Rpoints before we bought the site as "Old Rpoints" and after we bought the site as "New Rpoints"
As you may be aware, Rpoints Ltd, the previous company went into liquidation. We believe the creditors (including members who are owed money) have been contacted by the liquidators regarding this.
Some points to note
Our company had no ownership or control of the Old Rpoints or related brands before this purchase.
We did not recieve any money from the liquidator or affiliate networks or Rpoints Ltd for the money owed to creditors (including members). Therefore we did not inherit/buy and are not responsible for any liabilities of the previous business.
None of the old shareholders/directors/employees of Old Rpoints are involved with, own or "behind" the New Rpoints
Our members can be assured that the site is in the right hands, with a company who has staffing levels and other resources to invest in the service.
We are working on improving the platform and relaunching the service very soon. While New Rpoints will not be liable for and unable to pay any cashback amounts owed by Old Rpoints, we are working on plans to compensate our supporting members in various ways. These will be announced before the re-launch.
New Ring-fencing promise
We believe the one of main reason members lost out from the previous ownership is that the money owed to members was not ring-fenced.
One of the key features of the New Rpoints will be that our Ring-fencing promise. We are not aware of other cashback companies who do this.
Our aim is to continue to run the forums (with some new upgrades, design etc in the pipeline). It will only be possible with help and support of members like you.
As you may be aware, in the recent months, there was a lot of mud-slinging and posts on the forum about various office holders of the previous company. Due to change of ownership and legal implications, our lawyers have advised us to remove any posts which do not befit our ethics or professional standards. If you spot any of these posts, please do let us know.
We would appreciate if any existing/old moderators want to continue to contribute and support our community. Please do send me a pm.
We need your help
Apart from the investments we have made so far, we are going to be investing substantially in re-building and running this service. We can only make this a success with your support.
All members who support our re-launch whether it is by feedback, suggestions or by other means will not only be appreciated, but rewarded financially as appropriate.
Many thanks and Regards
Director of Operations
V A C Media Ltd