Stateless Systems Announces Record Growth in 2008

* Reuters is not responsible for the content in this press release.

Mon Jan 12, 2009 8:01am EST

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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