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Press Release

CrowdSavings.com Acquires Urban Dealight and Launches in Six New Markets


Tampa, FL (June 12, 2012) — CrowdSavings.com, a leader in the daily deal industry, has acquired Urban Dealight in its largest acquisition to date. Urban Dealight has been providing exceptional local and national deals in 10 major US markets since early 2010.

"This is a key acquisition for our company," says CrowdSavings.com Founder & CEO, Chad Jaquays. "It broadens our reach and significantly strengthens our competitive position in our Denver, Atlanta, Austin and Houston markets.

Urban Dealight currently offers local and national deals in Austin, Oklahoma City, Denver, Seattle, Dallas, Fort Worth, San Antonio, Houston, St. Louis and Atlanta.

“We are excited that our loyal customers and merchants will become part of the CrowdSavings.com experience,” says Urban Dealight CEO, Micah Ames. “CrowdSavings.com is committed to continuing to bring our customers the highest quality deals and customer service. We are pleased that our merchants will be able to benefit from the great tools and post campaign analytics that the CrowdSavings E-commerce Platform has to offer.”

The transition and integration process are underway and deals in all markets will be offered on CrowdSavings.com this week. Details of the acquisition were not disclosed.

“This is our largest acquisition to date” says CrowdSavings.com CFO, Douglas Bauer. “As the daily deal space continues to consolidate, we are actively seeking additional opportunities for expansion. In fact, we hope to be announcing two additional acquisitions this week!”

This is CrowdSavings.com’s 11th acquisition since its launch in late 2009.

About CrowdSavings.com

CrowdSavings.com is an e-commerce marketplace offering consumers discounted products and services from local businesses and online retailers. Founded in August of 2009 and headquartered in Tampa, Fl., the company provides local merchants risk-free, pay-for-performance customer acquisition campaigns that utilize comprehensive online marketing techniques like email, social networking and affiliate partners to drive measurable and profitable results.