By: E&P Staff
Press release from issuing company
Strategic Alliances and Acquisitions to Fuel Growth in Key Business Segments
SAN DIEGO — Monster Offers today announces its business model priorities and outlines its strategic roadmap in two of the hottest Internet business segments. “It’s all coming together quite nicely,” said Paul Gain, Monster Offers CEO, “and the future bodes well both for our shareholders and strategic partners.” Gain believes Monster Offers is clearly focused on important consumer trends – the exploding Deal of the Day marketplace led by Groupon, and the social media phenomenon led by Facebook.
“Back in April, the San Diego Union-Tribune was the only newspaper with a Daily Deal”
Consistent with this strategy, Monster Offers recently acquired the Social Network Action Platform and DrHealthShare.com to provide technology solutions in today’s emerging social commerce marketplace. “We will further maximize these assets by adding strategic marketing and developing relationships with the right business partners. We will also grow by acquisition when the financials and fundamentals are consistent with our strategy and core beliefs,” said Gain.
In the Deal of the Day space, Monster Offers released an initial Website designed to aggregate thousands of existing local offers and provide easier consumer access with zip code search filters. Monster Offers will continue to announce new methods to promote these deals to yet a wider audience. “On top of that, our challenge is to create additional consumer-friendly ways to innovate the group buying social revolution” said Gain.
Monster Offers entered the Deal of the Day arena with newspaper clients, the historical backbone of local merchant advertising. “Back in April, the San Diego Union-Tribune was the only newspaper with a Daily Deal,” said Gain, “and now nearly 100 newspapers offer similar programs. Our suite of business solutions helps them compete and truly capitalize on their inherent strength in the marketplace.”
Two other marketplaces, nonprofit and healthcare, are quickly developing for Monster Offers. In the nonprofit sector, the company partnered with the National Development Institute to launch World Share Nonprofit Alliance (WSNPA) which will serve the social media networking needs of more than one million organizations in charitable sector, both domestically and abroad. In healthcare, Monster Offers has already completed its acquisition of DrHealthShare.com, and is exploring several others that embrace the social commerce objective. The goal is to acquire and build health-related Internet properties that foster an environment where health professionals and consumers can connect and share valuable information.
In charting its strategic roadmap, Monster Offers believes that it has identified the three most opportunistic industry segments for growth within the social commerce landscape. Gain concluded, “To support our strategy, we point to the following examples: Billion dollar valuations in the Deal of the Day space, the phenomenal power of social media fundraising during the Haiti earthquake crisis of 2010, and the fact that healthcare is arguably the most important social issue faced by the United States during the current administration.”