Daily Steals Revolutionizes Daily Deals Industry as Groupon Rejects $6 Billion from Google

DailySteals.com offers a fresh take on the daily deals industry, a rapidly expanding market that made headlines when Groupon refused a $6 billion buyout from Google. End Quote

New York, NY (1888PressRelease) December 17, 2010 - Faster than a speeding bullet, more powerful than a locomotive - the makers of Daily Steals (http://www.DailySteals.com) can't leap tall buildings, but they have been building up their daily deals site at a distinctly super pace, enabling them to compete in a deal-a-day industry that's growing just as fast. Daily Steals offers one deal-a-day on choice electronics, luxury items, jewelry, toys, and other popular products at massive discounts from 80 to 90 percent off, in addition to hosting regular contests, weekly raffles and videos.

"The daily deals industry is exploding," said Matt Wiener, CEO of Daily Steals. "Groupon just rejected a $6 billion buyout from Google, an offer indicative of the entire deal-a-day market. Deal sites are taking over conventional e-commerce type sites, allowing for truly exponential growth."

Groupon, another popular deal site, recently refuted a $6 billion buyout from Google, in what would have been the search engine's largest purchase to date. The website reached $500 in annual revenue faster than shopping giant Amazon and even Google itself, and its earnings have been increasing non-linearly ever since, with reports of up to $2 billion in annual sales. Groupon gained 4 million new email subscribers the first week of December alone, bringing its total subscription level to 40 million users, up from 400,000 in 2008.

Observing the company's success, analysts have noted the rapid growth of the daily deals industry and the potential for future expansion.

"The entire online shopping model has changed. More and more shoppers are choosing daily deals sites over retailers," Wiener said. "In this booming industry, Daily Steals has continued to grow, launching new Mobile, Home, Luxury, and Toys divisions."

Daily Steals' newest venture, toys.dailysteals.com, has been enormously successful, with huge deals on children's gifts in time for the holidays. The toys site has offered daily deals on remote control gadgets, computer games, and puzzles at discounts of 80 percent off or more.

Along with toys.dailysteals.com, Daily Steals hosts daily deals on household items, gadgets, and luxury products, as well as a flagship deal at www.DailySteals.com.

"Daily Steals has set itself apart in the deal-a-day market by providing phenomenal savings, contests, giveaways and fostering an active, engaging shopping experience that keeps people coming back. We've declined several mergers and acquisitions to preserve our unique personality and way of doing business," Wiener said.

Daily Steals has built up an active online following bolstered by the site's frequent giveaways and quirky sense of humor. The site is known for its entertaining product descriptions, making it a daily ritual for many deal hunters. Daily Steals also offers weekly raffles for iPads, TVs, and other big-name products with no purchase necessary, in addition to impromptu caption contests and other giveaways on Facebook.

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