75. 75/5; Slotpartners 4. 2. The official BetVictor Affiliates revenue share rate is flat - 30% for casino and sports products. Partners of Newgen Affiliates can count on a multi-tier commissions structure, starting from 30% NGR. The 10bet Affiliates revenue share option is the most common plan used by some of the best casino affiliate programs. Top Brands. Attracting 10-49 sees a 26% revenue share, 50-99 increases this share to 30%, 100-299 sees this go up to 32%, and the highest level of 35% is seen with 300 plus. 12% per contractual agreement. Stay with us to learn more! Our Traffillions review aims to deliver essential information, regarding all the vital. Partners will get a good cut of the net gaming revenue accumulated by their referrals. Revenue Share – 35% – 45%. As you would expect from one of the best casino affiliate programmes, the BetChain revenue share is more than a little impressive. [HTML]Hi everyone, The Jetbull affiliate program is constantly re-inventing itself. Personal Identification For quality control purposes we only accept updates from individuals that have provided their contact information so we can follow up with any questions we may have. Wild Affiliates Commission – Revenue Share & CPA. 5%. JETBULL. 75/5; Slotpartners. 1. Jetbull Affiliates 4. net. The group’s casino brands, powered by Microgaming. February 27, 2023. 25% – 45% Revenue Share. We’ll email your client with instructions. Get + 203 Spins Bonus!. Casino-Mate; House of Jack; Join Programme! Affiliate Rating 4. Readers should be aware that while this larger data set does allow for greaterFind out how to get up to 50% revenue share! ☝️. On each player that you bring in, you receive a commission. The standard Tau Affiliates revenue share plan starts from 30% for NGR to £250. Fiverr offers three further ways for affiliate. . Because of this, they are one of the convenient ways for affiliate bloggers looking to make money online. 5 Billion in all-time funding across 232 rounds by 2023, marking a 15. Revshare Meaning. The standard affiliate commission can range from 1% to 75%, or even 90% on some platforms. The largest collection of detailed casino reviews available online. Jetbull review - premiumbookmakers. The Commission Kings Affiliates revenue share depends on the chosen product, although there is no limit of the accounts you can open. Affiliate Edge provides access to 9 world-class casino brands and 14 languages for worldwide gambling services. Commission. Tier 2 Tier 3. This is an important part of the iGaming industry, enabling various businesses to get involved, and the Jetbull affiliate programme is one great example. Step 1: Log in to your ClickBank account . 7 Billion by 2024. Though affiliates are not yet included in this new program, which rolls out June 15th, they will qualify for the 55 percent of ad revenue starting in August so long as they run three minutes of. Is a mix of revenue share and CPA. A Hybrid Deal. The Alpha Affiliates revenue share is based on the number of attracted first-time depositors each month. The Jetbull Affiliates revenue shares available are in line with other similar brands. With their plans starting at $2. €35 Weekly Reload Bonus! Bonuses just keep on coming your way at Jetbull Casino. , suppliers, distributors, etc. Stream on 7 different days. NexxEdge affiliate? Please get in touch with Jetbull Affiliates [email protected] Outlook. 2a02:2f0b:be0d:b400:842c:7cc:156a:de81 Level 0The Affiliate Marketing Industry is Growing. This percentage depends on the individual performance of every affiliate partner and the settled marketing strategy. Revenue sharing is the distribution of revenue or the total amount of income generated by companies among the stakeholders or shareholders. Mexico doesn’t tax winnings from licensed casinos, but it will want its share of tax if you win at offshore sites; even if gambling at these. Pretty Links. Tips to Maximize Your Affiliate Revenue. In 2013, two of eBay’s super-affiliates were arrested and convicted of stealing millions of dollars in affiliate revenue shares from eBay, using these. The associated casino brands are divided into 2 groups, each one providing excellent earning possibilities. The Galaxy Affiliates revenue shares range from 35% to 50%. Such a decision would allow third-party affiliates to enter into either Cost Per Acquisition (CPA) or revenue share agreements with sports. The revenue share for Betconstruct Turnkey solution is 10%, while the company’s White Label solution costs 30% of. A Sub-affiliate scheme is also active! If you bring other partners to the network, your share is. Gaining between 6-10 customers sees this increase to 30%, 11-20 goes up to 35%, and. com/Affiliates. Now that you understand the significance of several social media sites for affiliate marketing, let’s discuss some practical tips that will help you earn more money. Campeon Gaming Partners is one of the top affiliate programs for casinos to join. They must deposit the minimum required amount and play. 3 Billion in 2023 globally and $15. It is already a favourite spot for many seasoned players and new beginners due to its brilliant mixture of slots, table games, and live casino. Join the Slots Gold affiliate program : 192. Earn Big Affiliate: 30-50% revenue sharing: No payment threshold: Viks: 20-40% revshare: €50 commission threshold: BitStarz: 25-40% revenue share: No payment threshold: Fortune Affiliates: Rev share offer for the first 3 months of 30%, 40% and 50%: Fast payment option: Luckybet: 25% to 40% profit sharing: Additional revenue from. The website offers to players a sportsbook, a casino and a live casino. Earn up to 45% of NGR!. Evaluate their financials based on Jetbull's post-money valuation and revenue. Jetbull Affiliates. It is based on the number of new first-time depositors brought for each month. At the low end of the spectrum the shares are relatively low, with only 25% commissions available for. In addition, affiliate revenue share expenses ended in the second half of 2020. Rev Share: Flat Rate 35% Revenue Share: CPA: Exact Amount: Associated Brands: Digibet Casino: Software: Mediacle Affiliate Platform: Payments: Bank Transfer. Aside from the revenue share, this Top Hat Affiliates review will also be looking at the payment methods that are available as well as the software that powers the affiliate programme. 75/5; Slotpartners 4. Slots Gold. No Sub-Affiliate Programme. 75/5; Ellmount Gaming Affiliates 4. As well as a revenue share, there is also a TheLotter Affiliates CPA option. com for being a CAP Listed Program! :cheers::cheers::cheers::cheers::cheers::cheers: Rasmus Says: Jetbull. 75/5; Nightrush Affiliates 4. com is a Gambling Facilities and Casinos, Gambling & Gaming, and Entertainment Software company located in Bucharest, Bucharest with $4. 75/5;The Casumo Affiliates revenue share scales from 25% to 45%. Then, partners that attract between 10 and 19 new depositing players receive a 35% income split. They offer commission on revenue share. There is no Rovert Affiliates CPA option, but during the first three months, all partners automatically earn a 50% revenue share by using their link to attract new. The proposal comes free of any strings attached, with no bundling, and applies to all generated traffic. The commission percentage. 75/5;Revenue sharing is an arrangement between two or more parties sharing a portion of a business’s profits and losses. com generated $163 million ( or 26% of revenues) and $170 million ( or 27% of revenues) through its wholesale channel in 2017 and 2016. NOVOMATIC turns heads at G2E in Las Vegas; World Series of Poker (WSOP) concluded with 33 winners;Check our FavBet Affiliates review and find out all about one of the ⏩️ top casino affiliate programmes. The eBay Partner Network pays a commission of 1% to 4%. Now that you understand the significance of several social media sites for affiliate marketing, let’s discuss some practical tips that will help you earn more money. 75/5; Nightrush Affiliates. As we are about to see later on, affiliates that join can have up to 45% revenue share, depending on the net revenue of the players. Betfair Affiliates review including information about Betfair Affiliates affiliate program deals structures, revenue share and top brands like Betfair Sports. Put simply; it’s the revenue you share with an affiliate for driving a sale. See what will the casino welcome bonus offer you. Shadow Affiliates Commission – Revenue Share & CPA. Issue 15 - January 2011 - GPWA . For example, the casino affiliate operators reward their partners generously every month. The global number of Affiliate Marketing related. Related LinksJetbull Review: All you need to know about JETBULL, Bonuses, Casino, Live Dealers, SportsbookLive Sportsbook, Jackpots, Restricted Countries, Games List, Tips & TricksThe requirements to join the Affiliate Program are: Reach 50 Followers. Join Jetbull Affiliates and earn up to 50% rev share on your Sports and Casino gaming traffic. 8 million in fiscal year 2021-22. It all depends on the league and the kind of sport you choose. This model can offer several advantages for the affiliate program owner and the affiliates. 20% of the net revenue generated by Sunbet through the referral. However, this is a very simplified example. com. 2 million; Grew 133,000 Quarter Over Quarter Bumble Inc. The long-term agreement will provide certainty for First Nations in B. Paripesa. Basically, the revenue share deals offered by casinos usually range between 25% and 60%. €35 Weekly Reload Bonus! Bonuses just keep on coming your way at Jetbull Casino. Definition of Net Revenue “Net Revenue” means the sum of all revenue generated by an affiliate's total referrals less direct costs associated with the same referrals, such as bonuses, loyalty rewards, payment fees and chargebacks. We have just renewed our affiliate program in order to be even more interesting for affiliates. bonus funds must be wagered x15 prior to withdrawal of the bonus or any winnings accumulated from the bonus. The overall betting margin is 6. 75/5; Nightrush Affiliates 4. The revenue report can be reached from every page on Udemy. Rootz Affiliates Commission – Revenue Share & CPA. AceRevenue Affiliates. Updated review of AZNBET Bookmaker for 2023! Important betting details about: ️ Mirror Site ️ Mobile APP ️ Payments ️ Contacts. …1 day ago · I kid you not: if I had to pick just one Lego set ever made, this epic transforming castle packed with clever details and play features would be the one. You’ll get 25% NGR with the first new referral that you have brought for the current period. Jetbull Affiliates 4. Karamba. Totogaming. payment systems. 8%). The Dream Team Affiliates revenue share is regarded as one of the greatest casino affiliate programs because it starts at 30%. Jetbull is a modern online casino with a user-friendly interface that offers an amazing collection of casino games that run on well-known software platforms such as Microgaming, NetENT, Betsoft, Play'n GO, NYX, IGT (WagerWorks), EveryMatrix, OMI Gaming, EGT, Booming Games and iSoftBet. 0. 75/5; Slotpartners 4. Tau Affiliates. The MGC voted to permit CPA and revenue share arrangements until April 14. 75/5; Slotpartners 4. 7StarsPartners is a leading multi-brand affiliate program with a track record of 10 000+ successful partnerships!. What is a Revenue Sharing Agreement? A revenue sharing agreement is a legal document between two parties where one party has to pay a percentage of profits or revenues received to the other for the rights to use something. Horse Racing & Outright bets are excluded from bonus wagering. In most cases, your cut is between 20% and 40% from your referrals’ staked money. Also known as Revenue Share. 75/5; Nightrush Affiliates 4. Rev Share: 35% – 50%: CPA: Deal Dependent: Associated Brands: Evobet, Sons of Slots, Wallacebet: Software: Income Access: Payments: Skrill, Bank. 75/5; Slotpartners 4. Here are the main advantages and disadvantages of joining DACH Affiliates: DACH Affiliates Advantages and Disadvantages. Top Brands. 75/5; Nightrush Affiliates 4. €1 million will be paid in cash and €1 million in newly issued AMGO iGaming AB shares at SEK 1. Plush Casino. 75/5; V. Updated review of LINEBET Bookmaker for 2021! Important betting details about: ️ Mirror Site ️ Mobile APP ️ Payments ️ Contacts. Threads 5 Messages 21. CasiTabi Casino. Cars. Check out our ⭐ complete Turbico Partners review and learn the essentials of this ☝️ rewarding casino affiliate programme. com is a Gambling Facilities and Casinos, Gambling & Gaming, and Entertainment Software company located in Bucharest, Bucharest with $4. That’s a little odd rule, but the default commission is not bad at all. Won € 15. One hundred and twenty-six First Nations have. Weighted average diluted share count: 1,329 million shares. No matter your choice, the Rewards Affiliates revenue share plans and CPA deals remain exactly the same. Jetbull Affiliates 4. 75/5; Nightrush Affiliates 4. Top Brands. Click Here to find out more about this affiliate program. CPA payments are not available yet. eBay Partner Network. com site, and then receives his monthly commission payment generated by new customers he has referred on Jetbull. Jetbull Affiliates. In 2021, it was $210 million and the most recent penalties include 20 percent on every dollar over the limit through $230 million, 32 percent on. Any sport that you can think of, and probably some that haven’t even been invented yet, Jetbull has it. Gentingbet. Negative Carryover. Some of the casino affiliate programmes still hold negative balances against future commissions. The Bolt Affiliates revenue share plans are individually-tailored according to your needs, qualities, and potential. 1 million or $12. The other two tiers are for balances of between £1,000. Sports Betting. If you’re new to the online casino scene. They have a VIP commission plan which. com affiliate program. 75/5; Ellmount Gaming Affiliates 4. The acquisition price of Jetbull was set at €2 million. 80/5; Royal Bet Affiliates 4. Interest expense . Such a decision would allow third-party affiliates to enter into either Cost Per Acquisition (CPA) or revenue share agreements with sports. You’ll receive 40% and 45%, respectively. Afterward satisfying an important carry over restrictions, equipped to relieve the advantage is victorious up to and see here including full involved with €a few,000. During the past two years, Healey — who took the CEO reins on January 1, 2005, from Nutt — has overseen AMG during its busiest M&A period ever, adding $70 billion in assets, putting $1. As we have seen earlier in this TheLotter Affiliates review, there is no negative carryover, and that means partners are not starting any months at a loss. The rates are standard for the industry: 0-9 players – 35%, 10-19 players – 40%, 20. ThePOGG. Premium Tracking Software. Make sure you take a look at our newly launched website. The ones who choose to join the programme can receive up to 35% of revenue share, which is a solid number. Moreover, the excellent Fruity Affiliates revenue share and sub-affiliate opportunities deliver fantastic payouts and motivate them to develop further. 15% Revenue Share 20% Revenue Share 27% Revenue Share. The scheme has 5 tiers with a 5% increase per level. Commissions. Adjusted Net Income for the third quarter of 2020 was $34. com, offering tips and advice to those who wish to bet on. The Company expects Free Cash Flow to be flat to up 25% in 2020 driven by the completion of the affiliate revenue share payments mid-year associated with the early conversion of the affiliate markets. Though they claim to offer up to 50% commission on net revenue, no further data has been found supporting the statement. Affiliate program commission is based on CPA, Cost Per Action, payable when a user executes the actions of registering, depositing, and generating net revenue. This King Billy affiliate review has revealed that the revenue share on offer is particularly impressive. Jetbull casino has a great support staff which is always there for you. The Jetbull Affiliates revenue shares available are in line with other similar brands. 6 million, or $(0. 6 million) and Hartford Funds ($20. 00 Million in revenue and 5 employees. Commission details. 042 billion. Upon acceptance into the Program, WEBTOON will establish an Ad Revenue Sharing Account ("Account") and related AD SHARING Tab for you. These are the Sports Betting Award in 2010, and the Sports. Revenue Partners affiliate programme offers two ways to earn commissions – a progressive revenue share scheme and CPA one-off payments. From the moment you sign the contract, your first target is 5,000 in deposits. Play online casino slots on Jetbull, all games have top exclusive bonuses. But the true charm of the Excel affiliate programme is somewhere else. Welcome to Jetbull Affiliates Sports betting and Casino affiliate programme Sign up now . 75/5; V. In particular, it has an impressive collection of online games available in a. No mi. The first deposit you make will give you a 100% bonus of up to 100 EUR. Jetbull - Products, Competitors, Financials, Employees, Headquarters LocationsAffiliates then earn a 5% revenue share of the purchases that originate from their channel pages. In 2017, the lowest CBT threshold was $195 million. Royal Bet Commission – Revenue Share & CPA. Many of Stripe’s partners have revenue share programs and, if you’re creating content to promote Stripe, you could consider promoting the use of the Wise multi-currency account alongside it. It’s simply sharing a percentage of the total revenue the affiliate generates. Eightcap Partners . Jetbull betting has a special bonus for sport betting. eCommerce (333) Dating (463) Incentive (64) Mobile (206) All Categories Affiliate Networks. Revenue Share – 40% flat. This affiliate marketing tool also makes it a lot easier to brand and advertise links, manage server-side redirects, and monitor the activity on your affiliate links. 29 per diluted share · Adjusted net income of $34. . Commissions are based on the NGR accumulated by all real-money players that have registered via your referral links. The Dream Team Affiliates programme is one of the most popular and most respected affiliates in the online casino industry as it includes numerous highly reputable online casinos. Hero Affiliate Commission – Revenue Share & CPA. 75. Definition of Net Revenue “Net Revenue” means the sum of all revenue generated by an affiliate's total referrals less direct costs associated with the same referrals, such as bonuses, loyalty rewards, payment fees and. Amazon Associates. The tiered revenue share is a great advantage with the Slotpartners affiliate, alongside the no cost for joining and no negative carryover. Wirwetten. 25% – 50% Revenue Share. Jetbull is an online bookmaker which was founded in 2007 with the jurisdiction in Malta and United Kingdom. The CasinoLuck Affiliates revenue share scheme applies for any of the three featured online casinos, and the potential affiliates are not limited whatsoever. The apps are similar to the mobile site and are accessible for Android, iPhones, and Windows users alike. If you decide to make another deposit, the bonus percentage drops to 50%. To estimate Quest’s revenue share, we can look at the delta over 2018, given the device’s mid-2019 launch. 4. Throughout this comprehensive Dream Team Affiliates review, we will be taking a look at all of the. Facebook’s 2019 Payment and Other Fes were $1. Euro Affiliates Affiliate; Website: Rev Share: Revenue Share of Up to 50%: CPA: Deal Dependent: Associated Brands:Trada Affiliates Commission – Revenue Share & CPA. Join Jetbull Affiliates and earn up to 50% rev share on your Sports and Casino gaming traffic. 0 million, or $0. 4%), but lagged behind Betway (107. Usually, the payment is a share of the total revenue and referrals remain tagged to you for a lifetime. Attracting 10-49 sees a 26% revenue share, 50-99 increases this share to 30%, 100-299 sees this go up to 32%, and the highest level of 35% is seen with 300 plus. Gambling is one of the industries that heavily rely on such marketing tricks. There are 4 levels granting respectively 25%, 35%, 40%, and 50%. comI was promoting Tower Gaming for a few years, then as things happen, when trying to manage too many sites, I plum forgot about the site I had TG on. Jetbull Affiliates. Svenbet. . 1. Discover all commission plans and brands️. Betconstruct. You can earn between 30% and 50% revenue share from the accumulated NGR. For instance, $40 per player plus 25% rev share. However, there is a minimum of 3 new first-depositors that you have to bring to qualify. Updated review of LINEBET Bookmaker for 2021! Important betting details about: ️ Mirror Site ️ Mobile APP ️ Payments ️ Contacts. We focus on building and maintaining a true partnership with. 9 million, down 1% year-over-year · Net income of $21. Definition of Net Revenue “Net Revenue” means the sum of all revenue generated by an affiliate's total referrals less direct costs associated. This includes partners who refer up to nine new depositing players to the casino brands. 01 to £1,000 NGR, the percentage jumps to 35%. Personal Messenger. Commission. Definition of Net Revenue “Net Revenue” means the sum of all revenue generated by an affiliate's total referrals less direct costs associated with the same referrals, such as bonuses, loyalty rewards, payment fees and. Industries such as sports, and gaming use a form of a revenue sharing model. Every work must be duly rewarded, and if you join the Oshi affiliate programme, you can count on generous commissions. 22 per share. The Revenue Share is strictly based on the monthly amount and by no other term length (quarterly, semi-annually, annually, etc. Winbrokes. You can take advantage of a €35 reload bonus every week. Casino Adrenaline Affiliates Commission – Revenue Share & CPA. 5291. Discover an excellent revenue share scheme!. CPA payments are not available yet. 99 and upwards. Revenue Share (RevShare) is a revenue model where vendors split their revenue with affiliates on a percentage basis. Over 2k complaints managed and $2 million returned to players. LeoVegas Affiliates. On our side of this partnership, we make continuous. LeoVegas Partners; Website: Rev Share: Up to. The affiliates earn a flat rate percentage share for each referral for the first 999 days of play. Jetbull Affiliates Commission – Revenue Share & CPA. The revenue share for Betconstruct Turnkey solution is 10%, while the company’s White Label solution costs 30% of. Rock Solid Affiliates revenue share is determined by the number of bettors a member of the plan refers to one or more of the gambling websites promoted by the affiliate program. As you would expect to find at one of the best casino affiliate programs, the commission on offer is exceptional. In affiliate marketing, a revenue share is an agreement between an affiliate and the advertiser in which the affiliate receives a portion of the advertiser’s sales. 20% – 45% Revenue Share. I sold off my airsoft. Definition of Net Revenue “Net Revenue” means the sum of all revenue generated by an affiliate's total referrals less direct costs associated with the same referrals, such as bonuses, loyalty rewards, payment fees and. It sees new partners being guaranteed a 50% share for the first 3 months. Revenue + sharing = revshare. Regardless of your online gambling or affiliate marketing experience, you get a flat 60% net gaming revenue for the first month and 55% for the second one. The range of payment options available at the Jetbull bookmaker is vast. 75/5. min bet £10. “Commission” means the percentage of the Net Revenue that is paid to the affiliate. In depth view into JetBlue Airways. For instance, $40 per player plus 25% rev share. All Categories Affiliate Networks. g. 8% vs. com. According to the Terms & Conditions, the revenue share can't be lower than 25% of NGR. Sports. Jetbull Affiliates 4. Use Pay-Per-Click (PPC) Affiliate Programs. Affiliate marketers are valuable to merchants because they can reach specific audiences composed of potential customers. Slots and live dealer games tested and. In this instance, the parties involved agree to share the profits from the product or service based on an agreed percentage. You can access the ClickBank Marketplace through your master account or your sales account. Revenue Share – 35% – 45%. One of these is the default revenue sharing scheme. The elimination of affiliate revenue share expense this year also lowered operating expenses by $10 million year-over-year. 5 Billion in all-time funding across 232 rounds by 2023, marking a 15. With casinos such as 32Red utilise affiliates to grow their market share, there is little wonder that other companies have followed suit. We focus on building and maintaining a true partnership with each of our affiliates and improve our mutual success. The affiliate audited all of the online casinos it has 45% revenue share deals with and came up with some alarming findings. The operator is eager to discuss the exact revenue share structure separately with every applicant. Click Here to find out more about this affiliate program. GAAP net income was $6. 25% – 40% Revenue Shares. Progressive Revenue Share Structure. 7 Billion by 2024. It sees new partners being guaranteed a 50% share for the first 3 months. You can take advantage of a €35 reload bonus every week. 5 million Fourth Quarter Bumble App Revenue Increased 28% to $190. They will receive half of the accumulated NGR. Your cut will rise with the amount of generated NGR. com David Coulthard has become an ambassador to leading on-line gaming company JETBULL. 25% – 35% Revenue Share. in millions, except per share amountsAmazon is one of the most recognisable brands in the world, and the third largest by revenue. There are 5 active tiers – up to £10,000, £20,000, £30,000, £50,000, and for above £50,001!Vamos Affiliates Review – Great Payment Plans & High-Quality Casino Brand. We'll provide the most accurate information using statistics and RTP gathered from thousands of spins at Slot Tracker. GAAP net loss for 2020 was $817. 75/5; Slotpartners 4. Read about the ☝️ revenue share plans, CPAs and payment options. On ClickBank, the standard affiliate commission can be anywhere from 1% to 75% (or up to 100% on commission tiers). Achievement data can sometimes take 24-48 hours to sync with your dashboard data. The Winmasters affiliate programme provides sophisticated and diverse payment plans. With their plans starting at $2. Jetbull is the entertaining platform offering over 2,000 types of Casino & Live Casino games and 25,000 live events per month & unlimited pre-live events, for all the Sports enthusiasts. Jetbull Affiliates. Jetbull Affiliate. 75/5; Ellmount Gaming Affiliates 4. GAAP net loss for 2020 was $817. Other changes to the program […] 1. Currencies:. VICTORIA - First Nations in British Columbia will receive a $63 million increase in forestry income this year under the development of a new revenue-sharing. The revenue share casino model in affiliate marketing, just like other profit-sharing plans, is a performance-based model where the affiliate program owner pays a percentage of the revenue generated by the players referred by the affiliates. And for that, revenue share affiliate marketing networks are the best resources to use. Partners 4. BestCasinoSites. Debt to Equity Ratio. To contact a seller and ask them to set your specific CPA rate, follow these simple steps: . As we have seen, what is on offer here is generous and, in fact, up there with some of the best commissions that are available. Details. 80/5; Royal Bet Affiliates 4. The Bluehost affiliate program is super popular as a web hosting service. Partners with 0-15 depositors for the reporting period will receive a revenue share of 15%. It can take several forms, but usually involves the provision of resources or services in exchange for a share of profits from those resources or services. We have already said that Mr Bet Partners offer a fantastic revenue share, so here is a full look at how it works. However, this revenue model differs significantly for new users, who are able to earn up to 50% on the revenue of referred users for the first 12 months.