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Press Release

CrowdSavings.com, Tampa-Based Deal of the Day Website, Continues National Expansion


Tampa, Fla. -- (Aug. 25, 2010) – CrowdSavings.com (http://www.crowdsavings.com), a Deal of the Day social buying web site, is launching this week in its fifth market – San Francisco -- continuing its rapid expansion that began in Tampa in December 2009 and is expected to reach 30 major markets by December 2011.

“We focused on organic growth when launching in Tampa, Denver, Albany and Las Vegas. San Francisco will be our first market added through acquisition, says Chad Jaquays, CEO and co-founder of CrowdSavings.com. "With all the group buying websites that have recently launched, we expect there to be quite a few similar opportunities in other markets.” Crowdsavings.com has acquired Joffer (http://myjoffer.com), a San Francisco-based deal of the day company that launched in late 2009. Specific terms of the deal have not been disclosed.

“CrowdSavings.com offers a number of advantages, including local sales staff and exceptional client analytics. We don’t require a minimum number of consumers for the deal of the day to be valid and have an extremely easy-to-use website,” says Jaquays. “In addition, our deals are not oversold. The last thing we would want is for our consumers to wait months before they can redeem their vouchers.”

Offering deep discounts of 50 to 90 percent off standard charges that are emailed daily to individuals who register on www.CrowdSavings.com, the group buying site features deals from restaurants, spas, theaters, museums, local events and festivals, bars, home and automotive services, and various outdoor recreational activities such as biking, kayaking or jet skiing. The company also leverages the power of social networking through tools such as Twitter and Facebook to encourage viral pass-along of its deals.

As for the benefit to merchants, CrowdSavings.com offers the opportunity for them to be featured and presented to thousands of targeted potential customers for a 24-hour period with no upfront cost or risk involved; a highly efficient and cost effective form of advertising. This pay-for-performance model works well for small businesses. Complete with an easily accessible dashboard, CrowdSavings.com allows merchants to survey customers, track website traffic, voucher redemption, sales and profitability, taking the guesswork out of their campaign results.

About CrowdSavings.com

Based in Tampa, Fla., CrowdSavings.com offers deeply discounted deals to consumers and unique marketing tools for local merchants by leveraging the viral nature of their social buying platform. Now in Tampa, Denver, New York’s tri state area, Las Vegas and San Francisco, CrowdSavings.com plans to be in 30 markets by the end of 2011.