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CoolSavings, Inc. Appoints David Arney Chief Financial Officer.

CHICAGO, Oct. 10 /PRNewswire/ --

CoolSavings, Inc. (Nasdaq: CSAV) today announced that it has appointed David Arney as Chief Financial Officer. Mr. Arney replaces interim CFO Bruce Paul and will report to Matthew Moog, president and chief executive officer.

Mr. Arney, 39, joins CoolSavings from eLoyalty Corporation, a publicly traded technology consulting firm focused exclusively on Customer Relationship Management (CRM) implementation. At eLoyalty, Mr. Arney was Director of Worldwide Finance and responsible for all aspects of financial operations, planning and administration. Prior to joining eLoyalty in 1999, Mr. Arney spent nine years with Trans Union Corporation, a $1 billion consumer credit reporting agency, where he held positions of increasing responsibility, most recently as Divisional Controller. Mr. Arney has extensive experience in change management and team building processes. He has a proven record of results in strategic planning, M&A, ERP implementations and performance management in both domestic and international venues.

Commenting on today's announcement, Matthew Moog, president and chief executive officer of CoolSavings stated, "We are pleased to add a financial executive of David's caliber to the CoolSavings team. His extensive career over all key financial areas will be of particular importance as we strive to take the company to the next phase in its growth and development. We look forward to David's contributions and welcome him to the CoolSavings team."

Mr. Arney received his Bachelor of Business Administration Accountancy from Western Michigan University where he was a member of the University Honors Program. He is currently a Masters of Business Administration 2002 candidate in the Executive Master's Program at Northwestern University's J.L. Kellogg Graduate School of Management. He is a Certified Public Accountant in the State of Michigan and a Certified Activity Based Management Trainer from Sapling Corporation.

About CoolSavings

Launched in February 1997, CoolSavings is a comprehensive e-marketing solution that delivers targeted advertising and promotional incentives to help offline and online companies identify, acquire and retain active shoppers. The Company's extensive e-marketing infrastructure combines multiple incentive and promotional solutions -- such as targeted coupons and e-mail, loyalty points, category newsletters, rebates, savings notices, samples, gift certificates and trial offers--with sophisticated database technology to enable advertisers to efficiently build personal relationships with consumers. Today, with nearly 16 million registered members and 14 million registered households,* CoolSavings is ranked the #1 coupon Web site according to the Jupiter Media Metrix August 2001 report. The Company's advertisers include national and local brick-and- mortar retailers, online merchants, consumer packaged goods manufacturers and leading service providers.

*More than one person in a household can be registered as a CoolSavings member. CoolSavings is a registered trademark of CoolSavings, Inc.

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Geographic Code:1USA
Date:Oct 10, 2001
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