The company is yet to officially start the business directly in Bangladesh and is studying the laws and other statutory requirements applicable to its model, before going there with its direct presence.
Why Speakasia Online has stopped its working in Bangladesh? Why are people associated with SpeakAsia in Bangladesh arrested?
SAOL does not have any direct operations in Bangladesh and hence cannot comment upon this statement.
Also we are not aware of the pertinent facts of the case and thus would refrain ourselves from making any comment.
What all legal actions have been taken by Speakasia Online to protect its image in India and all over the world?
We have already approached all legal and governmental authorities in India ( such as PMO , Ministries of Finance , Company Affairs , Home Affairs and Law enforcement authorities ) through official communication for presenting our business , financial and legal framework as our PE is soon to get underway. Further, we have engaged the best of the breed organizations in their respective fields such as Legal& IPR, Management Consulting, PR, Legal, Tax compliances, Marketing Communication, Training etc.
Recently at a press conference, a company’s Legal Advisor said that when the company stops getting money for surveys from its Panel Exchange clients, the company will stop paying the panelists. This has apparently caused some apprehension amongst the panelists, as they feel insecure about future surveys.
Unfortunately, this has again been misquoted and misunderstood. In our business model, Surveys comprise 1 business element. SAOL’s company activities have already added new advertisement based surveys besides other avenues of generating income. We can assure all that Surveys will be a part of the company activities along with the new products and services to ensure continuity.
As the company grows how does the company plan to support the panelist payments ? Survey income would never be enough therefore would the company wind up with all the money or keep going only till the panel enrollment is on; as the company’s real business is money rotation by enrollment?
The company doesn’t run on the funds generated by the panel income as the company doesn’t charge anything to the panelist so the point of the company surviving ONLY as long as the enrollments are on is not true. Since survey is just one of the activity that a panelist engages in and not the complete bouquet. SAOL has multiple revenue sources like:
* Panel sales (surveys)
* Advertising
* Direct selling
* Product sales
* Trainings
In future SAOL also plans to add more to its revenue source by joining hands with:
* Mobile service provider - Mobile Virtual Network Operators (MVNO)
* TV Channels
* And many more...
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