Philip Reitcheck | greentrees

ProfitAdShare Review

Jul 18th 2013 at 4:33 PM

My review of the new ProfitAdShare "passive" profit sharing program.  The program states that it is a online advertising and money making site, that sends traffic to advertisers (a.k.a. affiliates) and pay daily profit sharing to affiliates, from revenue generated by advertisers (a.k.a. affiliates).   The  certificate of

incorporation, shown on the web site, shows ProfitAdShare Adrevenue Inc. as the owner.  The site's URL is "profitadshare.com", was created on April 12th, 2013, is set to expires on April 12th, 2014, was registered by ENOM, Inc., and  server is located in San Jose, Costa Rica.   The domain registration is set to private and there is no information on the ProfitAdShare website on what the program's address, phone number, or email address are.

How Does ProfitAdShare work? Members can join the program for free and can earn referral commissions, but they must use these commissions to purchase Ad Packs.  Otherwise affiliates must purchase Ad Packs, at a cost of $10 each, to earn money.   ProfitAdShare offers a "guaranteed" daily ROI from 1.8% to 2.4%, over 90 days, depending on the plan (number of Ad Packs) a affiliate purchases:
Bronze Plan – 1.8% daily (1-25 Ad Packs)
Silver Plan – 2.1% daily (26-50 Ad Packs)
Gold Plan – 2.4% daily (51 or more Ad Packs)

Referral commissions are paid on Ad Packs purchased by recruited affiliates and is paid down three levels: 5% on level 1
3% on level 2
1% on level 3

There is a minimum withdrawal amount of $10, plus affiliates can only withdraw 70% of their earnings (30% must be used to purchase new Ad Packs).  There is also a $2 plus 2% withdrawal fee on all withdrawals.  ProfitAsShare uses Solidtrustpay, Egopay, Perfect Money, and HD Money for all account funding and withdraws.

My Opinion........ Wow where do I begin?   OK my first RED FLAG is the “certificate of incorporation” from Lancaster City in the UK has been uploaded to the ProfitAdShare website.  After searching the Lancaster City corporation company listings and certificate numbers, I have found that NO company by the name of ProfitAdShare Adrevenue Inc. as incorporated in Lancaster City, UK.  Making this  “certificate of incorporation” a complete "fake".  The last program that I joined that was displaying fake documents, lost me money, as it only lasted 3 months before it went "scam". 

RED FLAG number two.   The fact that the owner(s) of ProfitAdShare just copied the "terms and conditions" from the now "failed" DailyPayer MLM daily profit share program.   Plus the fact that the ProfitAdShare owner(s) even forgot to change the name from dailypayer.com to ProfitAdShare.com in the "terms and conditions", makes it very likely that the owner(s) of the "failed" DailyPayer program are the same owner(s) of the ProfitAdShare program (but I can not prove this).

Which brings me to RED FLAG number three.  I will NEVER trust or invest money into any MLM program that is not willing to share their true owner(s) name and address, phone number, or email address with their affiliates.

My last RED FLAG is with NO retail customers, all daily ROI earnings will have to be paid out from either existing affiliate re-investments or from new affiliate investments.  Just do the math,  for every $1 coming in from affiliates, up to $1.51 is being paid out to affiliates, every 90 days.  WHERE IS THIS EXTRA $.51 COMING FROM? From new affiliate money that's where.  Making ProfitAdShare a perfect definition of a Ponzi scheme.

Despite this ProfitAdShare states that they are not an investment program by stating "You acknowledge Profitadshare.com is not an investment program, multi-level marketing program, High Yield Investment Program, “autosurf”, randomizer, matrix, pyramid, Ponzi scheme, “get rich quick” scheme, or other similar venture.".  Then what else would you call it?  All I know is if it "quacks like a duck" and "looks like a duck", then it is a "duck". 

The website "guarantees" a daily ROI from 1.8% to 2.4%, over 90 days, yet in the company's FAQ the following appears: "Can The Admin Change Rules Of The Program?  Yes, the Admin can.  It is in the Admin’s and the members’ interest that this program runs for a very long time, so changes have to be made every once in a while to keep up with the times.  It could be as simple as changing and adding to these FAQs or it could be major amendment, such as changing the ROI rates of the program."  So much for the guaranteed ROI.

I guess it should come as no surprise to you that I DO NOT recommend this ProfitAdShare program to anybody, unless you are willing on losing your money.  Remember that the DailyPayer MLM program, that ProfitAdShare is modeled after, only lasted approx. four months before it went "scam".  And I see no reason why this ProfitAdShare program will be any different.

Just My Opinion,
Philip Reitcheck
greentreesmlm@gmail.com

1 comments
Please to comment
Jul 21st 2013 at 5:51 AM by profitadshare
first we don't like if person publish his own comment in public site.we really hate that. My Opinion........ Wow where do I begin? OK my first RED FLAG is the “certificate of incorporation” from Lancaster City in the UK has been uploaded to the ProfitAdShare website. u mention this we are register there and tell me who did u search it.from whcch directory or government or department u check that.and they give this certificate to us.and i f u want high res image we can also send it to u.and we are group of 5 people advertisers.one of them is in uk and he register our group as a private business, RED FLAG number two. The fact that the owner(s) of ProfitAdShare just copied the "terms and conditions" from the now "failed" DailyPayer MLM daily profit share program. Yes u are correct.it is wrong.and that because of terms page is supplied by our script company.www.phpflux.com they will register it to our site and they forget to add that dailypayer.com to profitadshare.com but when we tell them that we fix the issue so it is not our fault. Which brings me to RED FLAG number three. I will NEVER trust or invest money into any MLM program that is not willing to share their true owner(s) name and address, phone number, or email address with their affiliates. But we tell the truth my name is Samith Kamal and i'm the main admin.but we never heard no noe is tell the truth ever other companies or names.and that is a personal thing.if a person can tell his personal details to anyone and also he don't want to tell them.keep that in mind. My last RED FLAG is with NO retail customers, all daily ROI earnings will have to be paid out from either existing affiliate re-investments or from new affiliate investments. Just do the math, for every $1 coming in from affiliates, up to $1.51 is being paid out to affiliates, every 90 days. WHERE IS THIS EXTRA $.51 COMING FROM? u didn't read our FAQ and news page very well.read it and understand that.we are doing adsharing .it means think a advertiser wants to promote his business or refer all link in another site he wants publish in internet.so what he want is show his add to so many people in one time.so he wants to find a better traffic site .look at our site.in this day 15th July it hits 12000 visitors in 24 hours.(http://imageshack.com/i/5h4dlmj) so think if u publish ads in huge traffic site people will know about your business..so u can't put banners in good traffic site for free.so that's why we give adpacks each ad pack consist with 10,000 accredits.so once a member bought that he can put 728x90 468x60 125x125 and 10,000 text ads for just 10$.so do u think we can't pay 0.51 for every 90 days.??? people buying more and more because adcredits reducing when people click that.so every one buy new adpacks daily or when finish his adcredits. And try to understand don't publish ur own comment in public site without searching true facts. and remove ur comment on http://www.imfaceplate.com/greentrees/profitadshare-review at once. Profitadshare.com
   

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