Internet Coupon Acceptance at an All-Time High; Major Grocery Retailers Respond to Consumer Demand.CHICAGO -- Matthew Moog, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CoolSavings, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CSAV CSAV Center for the Study of Active Volcanoes (University of Hawaii) CSAV Compañía Sud Americana de Vapores (Chilean Shipping Company) CSAV Chief of Staff Aviation ), a leading interactive marketer and America's #1 provider of Internet coupons, today applauded the latest major retailer to accept online printable coupons at their retail stores. The Defense Commissary Agency The Defense Commissary Agency (DeCA) is an agency of the United States Department of Defense that manages more than 260 grocery establishments on U.S. military installations worldwide. (DeCA), the grocery provider to military personnel, retirees and their families, recently announced that all 273 commissaries around the world would accept computer-generated Internet coupons containing a barcode that can be scanned at store checkouts. In keeping with recommendations from CoolSavings and other industry experts, DeCA will not accept Internet coupons for free products, or those that have been photocopied or reproduced. Other grocery retailers that have recently begun accepting printable Internet coupons include Harris Teeter Harris Teeter is a chain of upscale supermarkets based in Matthews, North Carolina, just outside Charlotte. As of September 2007, the chain operates 164 stores in seven southeastern states: North Carolina, South Carolina, Virginia, Georgia, Tennessee, Florida, Maryland; the , Albertsons and Giant Eagle. Meijer, Food Lion Food Lion LLC is an American grocery store company headquartered in Salisbury, North Carolina that operates approximately 1,300 supermarkets in 11 Southeast and Mid-Atlantic states under the Food Lion, Harveys, Bloom, Bottom Dollar, and Reid's nameplates. and most other major retailers have been have been long-time supporters of Internet coupon acceptance. "Internet coupon acceptance among grocery retailers is currently at an all-time high," said Moog. "More and more retailers are coming to understand that legitimate Internet coupons are of great value to their customers who are interested in saving time and money, and we believe in the very near future we will see universal Internet coupon acceptance in the grocery retail industry." CoolSavings helped lead the industry in establishing acceptance of Internet coupons by working with major retailers, manufacturers and trade associations to develop new coupon standards. The company also led the awareness effort to stop the acceptance of "free product" coupons, which are most likely to be fraudulently distributed. A major breakthrough in the industry effort to improve coupon practices was realized when online auction site eBay announced in December 2003 that it would ban the sale of coupons. Despite previous non-acceptance by some grocery retailers, consumer use of Internet coupons has flourished. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent report by CMS (1) See content management system and color management system. (2) (Conversational Monitor System) Software that provides interactive communications for IBM's VM operating system. , an Inmar company that is a leading coupon clearinghouse, Internet coupon redemption rose 133.9% in 2003. In addition, well-known and respected manufacturers such as General Mills Please help [ convert this timeline] into prose or, if necessary, a . , Kellogg's, Land O' Lakes, 3M, PepsiCo, Hormel, Glaxo SmithKline and Bristol-Myers Squibb Bristol-Myers Squibb (NYSE: BMY), colloquially referred to as BMS, is a pharmaceutical corporation, formed by a 1989 merger between pharmaceutical companies Bristol-Myers Company, founded in 1887 by William McLaren Bristol and John Ripley Myers in Clinton, NY (both were are employing printable Internet coupons as a part of their successful marketing mix. "Internet coupons are here to stay because consumers want them and trusted brands offer them," Moog says. "According to Forrester Research, 38% of U.S. households have tried printing coupons off of the Internet. Since 1997, CoolSavings has worked with more than 100 consumer packaged goods manufacturers to deliver promotions to more than 34 million consumers for redemption online and in stores around the U.S." About CoolSavings CoolSavings is an online direct marketing and media company that provides smarter solutions to help marketers reach their target consumers. Combining a broad distribution network, sophisticated analytics and proprietary technology, CoolSavings enables a wide variety of advertisers to identify and engage their best customers using highly targeted services such as printable couponing cou·pon·ing n. The sending out or turning in of coupons, especially the regular redemption of a manufacturer's coupon for cash. , lead generation, e-mail, category newsletters, direct mail and product sampling. CoolSavings, Inc.'s majority stockholder is Landmark Communications, Inc., a privately held media company with national and international interests in newspapers, broadcasting, cable programming and electronic publishing. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, including statements regarding our expectations of revenue growth, expense growth, service capability improvements, the expected impact of strategic investments and other statements regarding the Company's expectations, beliefs, hopes, intentions, or strategies. Where possible, these forward-looking statements have been identified by use of words such as "project," "target," "forecast," "anticipate," "believe," "will," "expect," and similar expressions. Known and unknown risks, uncertainties and other factors, both general and specific to the matters discussed in this press release, may cause our actual results and performance to differ materially from the future results and performance expressed in, or implied by, such forward-looking statements. These risks, uncertainties, and other factors include, without limitation, our ability to secure financing to meet our long-term capital needs, our ability to protect our patents, trademarks and proprietary rights, our successful introduction of new services and features, our ability to add new members, our ability to continue to attract, assimilate and retain highly skilled personnel, our ability to secure long-term contracts with existing advertisers and attract new advertisers, our ability to add new members, our ability to successfully integrate Targeted Marketing Services ("TMS TMS Transcranial Magnetic Stimulation (alternative medicine for depression) TMS Test Match Special (sports - cricket) TMS Texas Motor Speedway TMS Transportation Management System TMS Toyota Motor Sales ") with our existing business, and our ability to compete successfully against current and future competitors, general industry, economic and market conditions and growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. , the potential for higher actual media costs, and other costs and expenses when compared to our estimated costs and projections. For a discussion of these and other risks, uncertainties and factors which could cause actual results to differ materially from those expressed in, or implied by, the forward-looking statements, see "Risk Factors" in our annual report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2003, and our Quarterly Report on Form 10Q for the quarter ended June 30, 2004, both as filed with the SEC. We undertake no obligation to update any of the forward-looking statements after the date of this press release to conform these statements to actual results or otherwise to reflect new developments or changed circumstances, unless expressly required by applicable federal securities laws. You should not place undue reliance on such forward-looking statements. |
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