Group: Ipernity Members Association Project

Based on a Skype® call today with Christophe, there is reason for optimism. The Ipernity platform appears to remain viable with the new reality – decline in memberships since January and existing direct expenses, some of which can be reduced resulting in up to 5000 Euros of savings per year. We are awaiting further information.

It is anticipated IMA will receive firm numbers and copies of invoices regarding revenues, expenses and actual membership figures by the end of the week that hopefully confirms site viability.

Other topics such as contractual obligations (negligible aside from Amazon Cloud), network configuration and transfer logistics were also discussed. Also please be sure if IMA takes over the platform, all features including compatibility with mobile apps will remain.

Please know we do not take your donations and the responsibility thrust upon us lightly. If the site is viable with a bright long-term future we will enter into agreement with Ipernity S.A. early next week. If it is not viable or the long-term future remains uncertain, we will end the effort and return the donations. Disappointment alone is better than disappointment and loss of money.

If we enter into agreement to takeover the platform, please know the original 100K Euro revenue-sharing figure based on certain outcomes has been removed. This is a win for everyone here since it will allow this excess revenue to be invested into the site and give IMA flexibility to consider a reduction in membership dues.

Finality is near. A final Skype® call will be held early next week to conclude a deal one way or the other. We ask for a few more days of your patience even though the uncertainty has been very difficult and challenging. Most importantly, thank you for placing your trust in us to do the right thing with your words of encouragement, prayers and contributions.