Groupon Launches in Charlotte

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

Mon Oct 19, 2009 9:00am EDT

Local Mexican Restaurant, Pottery Studio, Meal Preparation Service Among First
Features on Popular Shopping Website
CHARLOTTE--(Business Wire)--
Groupon (http://www.groupon.com) - a shopping website that offers a daily deal
on the best local goods, services, and cultural events - launched in Charlotte
on October 19, 2009. 

"Charlotte has been rated one of the `Best Places to Live and Launch` by
CNNMoney.com based on its vibrant cultural scene, outdoor appeal, and
opportunities for new businesses," said Groupon founder Andrew Mason. "Groupon
will help these local businesses attract the customers they deserve, all while
saving our subscribers money on the things they love to do." 

Using the principles of collective buying, Groupon negotiates unprecedented
deals with top businesses. Groupon subscribers receive free daily emails
alerting them to the deal. These deals are only activated if a minimum number of
people agree to buy, encouraging subscribers to share the deal with family and
friends via social media tools such as Facebook and Twitter. By guaranteeing a
large number of new customers, Groupon creates a win-win for local merchants. So
far, this innovative approach to e-commerce has generated millions in revenue
for local businesses while saving its 900,000 subscribers more than $24 million.


"Groupon brings buyers and sellers together in a fun and collaborative way,"
said Mason. "We offer the consumer a great deal they can`t get anywhere else and
deliver the sales directly to the merchant." 

During its first week in Charlotte, Groupon`s featured businesses will include a
modern Mexican restaurant, a pottery studio, a meal preparation service and a
fitness training bootcamp. Charlotte is Groupon`s twentieth city. 

About Groupon

Groupon, launched in November 2008 in Chicago, features a daily deal on the best
stuff to do, eat, see, and buy in major cities across the U.S., with plans to be
in at least 30 cities by the end of 2009. Groupon uses collective buying power
to offer unbeatable prices and provide a win-win for businesses and consumers.
Groupon is a project of The Point (http://www.thepoint.com), an online community
launched in 2007 for organizing group action. For more information, visit
http://www.groupon.com. 

To get Groupon`s daily free email for the best in your city, subscribe at
http://www.groupon.com. 

To learn more on how to become a featured business on Groupon, visit
http://www.grouponworks.com.

Groupon
Mark Desky
312.604.5470
mark@groupon.com



Copyright Business Wire 2009

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