Discount Coupons Corp Acquires Cloops, Inc.
September 04 2013 - 6:01AM
In connection with Discount Coupons Corp's (the "Company")
(OTCBB:DCOU) plan to become a major player in the Daily
Deal industry by consolidating with other Daily Deal
industry players, the Company has acquired Cloops, Inc.
("Cloops"), a Daily Deal Provider.
Cloops, a leading provider of Daily Deals in the greater Los
Angeles and South Florida markets, has been a local
industry leader in California. Cloops also offers online deals
available to consumers across the United States.
Pat Martin, the Company's CEO, stated: "Cloops is a growing
company with a scalable business model and we plan to expand
Cloops' services to new markets. This purchase is in line with
Discount Coupons Corp's strategy of acquiring companies that
demonstrate consistent, strong performance and offer unique
approaches to the Daily Deal industry. We are excited about Cloops'
technology platform and its distinct benefits to both merchants and
consumers."
"We are excited to have the Discount Coupons Corp. team steward
Cloops' leadership and management," said Steve Rattner, Cloops'
President. "The economies of scale achieved through consolidation
of management resources make the sale of Cloops to Discount Coupons
Corp. a wise business decision. While we considered other
opportunities to sell Cloops, ultimately Discount Coupons Corp was
the best fit in terms of scope, expertise and complementary
services."
About Discount Coupons Corp
Discount Coupons Corp, an Internet marketing and technology
company, operates in two segments, daily deal site management and
full-service digital marketing agency services. The daily deal
segment operates daily deal websites that sell discounted vouchers
to consumers. Daily deal websites benefit both businesses and
consumers. Businesses are provided a Cost Per Acquisition (CPA)
type marketing opportunity where they pay a set fee per voucher
sold. Consumers purchase discounted vouchers, typically at 50% off
retail pricing, which are then redeemed at either a website or a
local business. The daily deal segment intends on growing
through the acquisition of established daily deal websites. The
daily deal segment operates DiscountCoupons.com and other similar
properties. DiscountCoupons.com has been in operation since 1997.
The agency segment provides businesses with a full range of digital
and traditional marketing services including, branding,
interactive, advertising, business development, public relations,
market research, analytics, photography and creative strategies.
Managed interactive marketing channels include, social media,
search engine optimization, website concepts and development,
graphic design, email marketing, social media marketing and search
engine marketing. Discount Coupons Corp is headquartered in
Clearwater, Florida.
Statements made in this press release that express the Company
or management's intentions, plans, beliefs, expectations or
predictions of future events, are forward-looking statements. The
words "believe," "expect," "intend," "estimate," "anticipate,"
"will" and similar expressions are intended to further identify
such forward-looking statements, although not all forward-looking
statements contain these identifying words. Those statements are
based on many assumptions and are subject to many known and unknown
risks, uncertainties and other factors that could cause the
Company's actual activities, results or performance to differ
materially from those anticipated or projected in such
forward-looking statements. For a discussion of these risks, see
the Company's Form S-1, which may be reviewed at www.sec.gov. In
addition, you should review the Company's periodic reports also
that are available at www.sec.gov. The Company cannot guarantee
future financial results, levels of activity, performance or
achievements and investors should not place undue reliance on the
Company's forward-looking statements. No information contained in
this press release should be construed in any shape, form or manner
of the Company's future financial performance or its future stock
price. The forward-looking statements contained herein
represent the judgment of the Company as of the date of this press
release, and the Company expressly disclaims any intent, obligation
or undertaking to update or revise such forward-looking statements
to reflect any change in the Company's expectations with regard
thereto or any change in events, conditions or circumstances on
which any such statements are based.
CONTACT: For Discount Coupons Corp:
Pat Martin, 919-610-4400
pat@discountcoupons.com
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