Stateless Systems Announces Record Growth in 2008
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Flagship Property RetailMeNot.com Ranked in the Top 200 Most-Trafficked Websites in the US MELBOURNE, Australia--(Business Wire)-- Stateless Systems, a web development company and creator of the web`s most popular destination for online coupons, RetailMeNot.com, today announced that 2008 was a banner year, with tremendous growth metrics for RetailMeNot.com and the launch of several new websites including the people-powered price-comparison engine BeatMyPrice.com. In addition, RetailMeNot.com achieved 10 times year-over-year revenue growth and was named "Publisher of the Year" by affiliate marketing network Commission Junction for greatest percentage of growth. In 2008, traffic to RetailMeNot.com increased by more than 300 percent and the site is now ranked among the top 200 websites in the United States. Since its launch in late 2006, RetailMeNot.com, Stateless Systems` premier site, has seen a continual growth in popularity among consumers, culminating in a record-shattering 2008 holiday season. More than 13 million shoppers visited RetailMeNot.com during the month of December 2008 and the site saw 700,000 visitors on Cyber Monday alone, a 450 percent increase over 2007. RetailMeNot.com pushed approximately $350 million in sales to retailers through the site in 2008. In keeping with the company`s mission to help consumers enjoy a hassle-free budget shopping experience online, Stateless Systems released the first people-powered price comparison engine, BeatMyPrice.com, just in time for the holiday shopping season. Unlike other price comparison websites, BeatMyPrice.com combines people power with metasearch algorithms and displays the search results alongside coupons from RetailMeNot.com. With more than 300,000 visitors since its launch on November 10, including nearly 20,000 on Cyber Monday, BeatMyPrice.com is poised to become a leader in this category. RetailMeNot.com now boasts more than 100,000 discounts from more than 20,000 merchants, more than every other major coupon website combined. Both the number of coupons and the number of merchants represented on the site have doubled in the past year and continue to increase as consumers add approximately 350 new coupons to the site daily. The comments section of RetailMeNot.com, one of the most popular features of the site, also continues to grow exponentially with 450 new coupon comments each day. RetailMeNot.com attributes much of the site`s success to its loyal user community. To give back, RetailMeNot.com launched the RetailMeNot.com Shopping Community in April 2008. The Shopping Community is the first social network for coupon-conscious consumers and enables users to communicate directly with like-minded shoppers. With a current membership of more than 40,000 users, the network continues to experience steady growth, adding 100 new members daily. In addition to making discount shopping easy and fun, Stateless Systems successfully launched a variety of other websites this year, all designed to make the internet easier to use. The launches include PDFMeNot.com, a tool for viewing PDFs online, CushyCMS, a drop-dead simple online content management system for web designers and oursignal.com, a visual mashup of social news websites. Each new release has received favorable reviews and early traction and CushyCMS is now being used to power more than 10,000 websites. "2008 was an exciting year for Stateless Systems. As always, we credit our users with driving our success and helping us to exceed our traffic and revenue goals for RetailMeNot.com, BeatMyPrice.com and CushyCMS," said Guy King, co-founder of Stateless Systems. "In 2009, we hope to continue to bring innovative new tools and websites to market that consumers will enjoy using as much as we enjoy building them." About Stateless Systems Stateless Systems is a Melbourne-based web development company founded by Guy King and Bevan Clark in 2007. The company`s roster of web properties includes BugMeNot.com, RetailMeNot.com, BeatMyPrice.com, CushyCMS.com, oursignal.com, PDFMeNot.com and JungleCrazy.com. More than 10 million people visit Stateless Systems websites each month. About RetailMeNot.com RetailMeNot.com is the web`s leading consumer destination for online coupons, discounts and promotional codes for merchandise, travel and services. RetailMeNot.com is an online community that posts, uses, recommends and ranks over 100,000 online discounts and promotions at more than 20,000 retailers, including Amazon, GameStop, Banana Republic, Macy`s, Best Buy, Home Depot and Victoria`s Secret. RetailMeNot.com`s mission is to help consumers save money and enjoy a hassle-free discount shopping experience online. RetailMeNot.com, a division of Stateless Systems, is located in Melbourne, Australia. About BeatMyPrice.com BeatMyPrice.com is the first price comparison engine to leverage people power alongside powerful metasearch algorithms to find the lowest prices. Like its sister website, RetailMeNot.com, BeatMyPrice.com`s mission is to help consumers save money and enjoy a hassle-free discount shopping experience online. BeatMyPrice.com, a division of Stateless Systems, is located in Melbourne, Australia. www.RetailMeNot.com is a registered domain of Stateless Systems. All other domains, names and trademarks mentioned herein are property of their respective owners. Schwartz Communications Katy Garlinghouse, 415-512-0770 RetailMeNot@schwartz-pr.com Copyright Business Wire 2009
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