HENDERSON, Nev., May 9, 2012 /PRNewswire/ -- Rarus
Technologies Inc. (OTCQB:RARS) ("Rarus" or the "Company") is
pleased to announce that the Company has entered into the final
development stages of the Zngle.com self-serve coupon generator and
augmented sharing application. This unique feature of the Zngle.com
platform is designed to attract a large audience of active
consumers seeking popular discount coupons to be redeemed at a vast
selection of local businesses in their region. Using the Zngle.com
platform local businesses will now have the ability to create
Augmented Reality Coupons in 3 easy steps. The new self-serve
coupon feature is expected to appeal to both small and large
businesses seeking to increase their visibility and reach potential
local customers through their Zngle Business Pages.
"Over $300 billion worth of online
discount coupons were distributed since 2011. Based on our research
it is estimated that over 92 million adult Internet users are
expected to use online coupons. With the introduction of our
cutting-edge self-serve coupon generator and augmented sharing
application, we are poised to potentially revolutionize the way
consumers and businesses create, distribute, promote, and profit
from online coupons. If we are fortunate and successful in
capturing just half of one percent of the 46
Billion dollar global market, that would result in
approximately $215 million in
potential revenue for Zngle by 2016," stated Mr. Manfred Ruf, CEO of Rarus Technologies.
"One of the key element that sets the Zngle.com online coupons
business model apart from its competitors is that participating
businesses will simply be required to pay a small monthly fee,
instead of dispensing a significant percentage of their coupon
generated sales as it is currently common practice with most
competitors. We feel this should provide significant incentive to
local business owners to join us and provide them the inspiration
to give our Zngle.com consumer users the best deals on their
products and services. This is a win-win-win model, now and over
the long run, for the consumers, the local businesses and
Zngle.com," added Mr. Ruf.
"We plan to assemble a sales team that will market Zngle
business pages to major brands and businesses in many regions to
build a substantial inventory of our Augmented Reality online
coupons. The completion of our coupon builder is a vital part of
our revenue model as this will help monetize our iPhone app. When
Zngle members are using the Zngle mobile app, they will receive
immediate notification on their mobile phone when they are near a
business that is offering a discount coupon. A video demonstration
of the Zngle mobile app can be viewed on the www.zngle.com page,"
stated Mr. Ruf.
Zngle.com is a next-generation internet platform that fuses
popular social media elements with cutting-edge local area
e-commerce technologies to create new exciting ways for users to
connect and communicate with friends, family, and businesses.
About Rarus Technologies Inc.
Rarus Technologies Inc. is an emerging technology company
focused on establishing an innovative business model intended to
bridge cutting-edge social media and e-commerce into a marketplace
that connects friends, family, consumers, and vendors in new and
exciting ways. Zngle.com is designed be a centralized
Internet portal and next-generation social media website that
incorporates voice/text messaging, video email, and mobile
technologies to allow consumers to access real-time information
about various products and services through augmented proximity
reality search features.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995
Certain information contained in this press release,
including any information as to our strategy, plans or future
financial or operating performance and other statements that
express management's expectations or estimates of future
performance, constitute "forward-looking statements." All
statements, other than statements of historical fact, are
forward-looking statements. The words "believe," "expect," "will,"
"anticipate," "contemplate," "target," "plan," "continue,"
"budget," "may," "intend," "estimate," "project" and similar
expressions identify forward-looking statements. Forward-looking
statements are subject to risks and uncertainties that could cause
actual results to differ materially from those expressed in the
forward-looking statements, including, but not limited to, certain
delays beyond the company's control with respect to its plans or
operations. The Company disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required
by applicable law.
SOURCE Rarus Technologies Inc.
