CLEARWATER, Fla., Sept. 4, 2013 (GLOBE NEWSWIRE) -- 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.