CHICAGO--(BUSINESS WIRE)--
Groupon (NASDAQ: GRPN) (http://www.groupon.com)
today announced the expansion of Groupon Reserve, the company's premium
and exclusive experiences service, to the greater Los Angeles area.
Reserve offers go out to an invitation-only audience and cater to the
most discerning customers by featuring unique, higher-priced deals at
some of LA's swankiest and marquee businesses.
"We developed Groupon Reserve as a strategic way for high-end businesses
to reach their targeted customer base," said Ran Baror, General Manager,
Groupon Reserve. "Select Groupon subscribers now have the opportunity to
indulge in curated experiences from the most delectable restaurants to
luxurious spas and posh retailers."
Select Los Angeles area subscribers will receive an email later today
from Groupon CEO Andrew Mason inviting them to purchase the inaugural
Groupon Reserve Los Angeles deal featuring Whist in Santa Monica (http://www.viceroyhotelsandresorts.com/santamonica/dining-and-nightlife/whist.php).
The deal includes a five-course Mediterranean tasting menu for two
people and two glasses of wine for only $99. Located in the Viceroy
Hotel, Whist is well known for their vivid flavor combinations and
coastal reveries inspired by renowned executive chef Tony DiSalvo.
Reserve successfully launched in October 2011 and has since served
several deals to Groupon tastemakers in New York City, Orlando and
Seattle.
About Groupon
Groupon (NASDAQ: GRPN), launched in November 2008 in Chicago, features a
daily deal on the best stuff to do, eat, see and buy in 48 countries
around the world. Groupon uses collective buying power to offer huge
discounts and provide a win-win for businesses and consumers, delivering
more than 1,000 daily deals globally. To subscribe for the best deals in
your city, visit http://www.groupon.com.
To learn how to become a featured business, visit http://www.grouponworks.com.
Forward-Looking Statements
This announcement contains forward-looking statements that involve risks
and uncertainties, and actual results could differ materially from those
discussed. Factors that could cause or contribute to such differences
include, but are not limited to, the factors included under the headings
"Risk Factors" and "Management's Discussion and Analysis of Financial
Condition and Results of Operations in the company's registration
statement on Form S-1, as amended, filed with the Securities and
Exchange Commission on November 1, 2011, copies of which may be obtained
by visiting the company's Investor Relations web site at http://investor.groupon.com
or the SEC's web site at www.sec.gov.
Groupon's actual results could differ materially from those predicted or
implied and reported results should not be considered as an indication
of future performance.
You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of the forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this press
release to conform these statements to actual results or to changes in
our expectations.
Groupon
Nicholas Halliwell, 312-999-3806
nhalliwell@groupon.com
thenewsmarket.com/groupon
Source: Groupon
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