Easy and accessible coupons work on all smartphone operating systems
with no app to download
TORONTO, Jan. 19, 2012 /CNW/ - Mobile coupon platform retailcommon has raised $250,000 in funding from its current shareholders in a
strong vote of confidence in the company as its smartphone coupon
platform has successfully passed the beta stage with a bright future in
this exploding field.
The proceeds will be used to execute on the company's current sales plan
and to capitalize on emerging global opportunities. Based in Toronto,
the company's software as a service allows any consumer products or
services company to easily create and deliver mobile coupons, promote
to existing and new customers through digital and legacy media and then
track detailed response and redemption data.
Over the past few months retailcommon has run successful pilots with
retailers in Canada including Salomon and The North Face and is in
final negotiations to launch their mall platform with major shopping
centre owners in the UK and The Netherlands.
What makes the retailcommon offering stand out from other entries in the
mobile coupon field is that consumers need only tap a link on their
smartphone to access the coupons while the advertiser can fully control
pricing, margin, content, and distribution as well as customer and
"Over 8 million people in Canada now own smartphones*" said James
Cunningham, retailcommon Director of Business Development. "With
similar figures in other countries, the market for mobile solutions is
growing daily and is about to hit the hockey stick curve as smartphone
penetration increases. The flexibility and ease of use of our platform
is something that will capitalize on this explosion, adding value for
businesses, consumers and our shareholders."
*Comscore, November 30, 2011
Image with caption: "Snap the QRCode or text 'SAMPLE' to 32-075 to receive a sample retailcommon coupon on your smartphone. (CNW Group/retailcommon)". Image available at: http://photos.newswire.ca/images/download/20120119_C5203_PHOTO_EN_9052.jpg
Image with caption: "Sample of a retailcommon smartphone coupon. (CNW Group/retailcommon)". Image available at: http://photos.newswire.ca/images/download/20120119_C5203_PHOTO_EN_9053.jpg
For further information:
Director of Business Development, retailcommon
1-855-738-2452 ex 705