ARe have acted extremely unprofessionally with the news they are closing. They have been aware of this for some time, yet continued to take revenue on books and advertising with no intention of passing it on to publishers and authors alike. Disgraceful. ARe have offered a pathetic 10 cents on the dollar, 10 pence on the pound, which we here at Luminosity believe to be more of an insult than an offer.
However, there is some good news on the horizon, and I can confirm after conferring with management that LUMINOSITY PUBLISHING will make full payment to authors for the 4th QTR sales accrued on the ARe site from October to December.
It is no fault of our excellent and loyal authors that this has happened, and WE GUARANTEE EVERY LAST PENNY WILL BE PAID using our own funds.
May I take this opportunity to wish all our authors a happy and prosperous 2017.