Financial terms of the deal were not disclosed.
In his new role as sole company owner, Pete-KT will continue to run daily operations of the company, which maintains 25 adult websites. SatanCash launched on June 6, 2006, and in April 2007, merged with Vega’s former company, MobBucks.
“Mike will definitely be missed here at SatanCash,” Pete-KT said. “He has been a part of the company since we built it from the ground up in 2005. I know Mike is very proud of what he did to help bring SatanCash to where it is today. We will keep SatanCash running as smooth as it has, and will continue to add and grow the ad tools for our affiliates, as well as additional sites and a new version of the affiliate program coming out later this year.”
SatanCash’s marketing tools include geo-IP targeted fan signs, picture of the day, blog plug-ins, hosted RSS feeds, BYOT and BYOG, mass gallery export tools and a unique hosted link list that updates daily on its own.
SatanCash pays 60 percent revshare with consoles and 50 percent without. The company also offers bonus Friday’s and a two-tiered referral payout program.