Monster Offers (OTCBB: MONT), a leading mobile solutions company and Daily Deal aggregator, announced today its mobile payment strategy is perfectly positioned to meet the current needs of the Daily Deal industry. As Daily Deal providers converged at last week's Deals 3D Conference in San Francisco, creating better mobile experiences and integrating mobile payment solutions prevailed as hot topics as the next phase of business development for the group buying industry.
Monster Offers' ZalaPay mobile payment solution proved to resonate with Daily Deal providers as current payment methods lack tight integration with providers’ sites and distracts users from completing the purchase process, especially from mobile devices. The ZalaPay solution provides a truly integrated “in-app” purchase experience for the user, resulting in significant conversion of sales for the deal publisher.
Monster Offers' mobile financial services include “EZ-Click” Mobile Cashier, Pre-Paid Debit Cards, P2P Mobile Money, Redemption, and Daily Deal Wallet. The first of these integrated in-app mobile solutions is expected to be available later this summer.
MONSTER OFFERS QUOTE"Recent announcements for payment solutions from MasterCard, Google, American Express and Facebook all substantiate the power of our business model. We aim to provide an even greater value proposition to the user, deal provider, and merchant with our ZalaPay platform which provides an “in-app” purchase experience across all mobile platforms. When customers can purchase deals within the application, user conversion increases exponentially. With Monster Offers' ZalaPay mobile payment solution, we are perfectly positioned to offer Daily Deal publishers a mobile payment solution that can increase sales and boost revenue." - Paul Gain, Monster Offers CEO About Monster Offers: Monster Offers is a leading mobile banking solutions company and Daily Deal aggregator, collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search. The company will introduce new mobile technology in 2011 to address unmet category needs in areas such as loyalty, rewards, payment processing, merchant services, and a Daily Deal eWallet. Monster Offers recently launched its Hyper-Local Daily Deal Reporting Program, designed to help providers improve the revenue and profits of local and regional Daily Deal programs. More information can be found by visiting http://www.monsteroffers.com. Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2010, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.