DealOn Brings Local Group Buying to the Masses

Major Premium-Only Ad Network Goes Local

SOMERVILLE, N.J.--(EON: Enhanced Online News)--Adblade, the Web’s largest premium-only online advertising network, with over 130 million monthly unique users, has launched a new local group buying service at DealOn.com. DealOn utilizes group purchasing power to provide deep discounts to consumers while simultaneously driving large numbers of new customers to local merchants utilizing its massive proprietary network of premium publishing partners.

“DealOn plans to take the next logical step by expanding the concept to over 100 million consumers nationally and giving local merchants real branding value at no up-front risk.”

While DealOn has initially launched in the New York City area, many additional markets are set to launch in the coming months. Users can purchase DealOn vouchers for discounts of up to 85% off at a wide-range of merchants and services such as spas, restaurants, events, tours, salons and retail shops.

The team at DealOn expects the service to grow rapidly as consumers become aware of the great deals and share them with friends via social networking sites and email. Additionally, DealOn will leverage the extensive reach of the Adblade Premium Publisher Network, on hundreds of the Web's leading news and information portals. Exclusive access to the Adblade network gives DealOn an edge over competitors as an incentive for merchants that want their business prominently featured across Adblade’s major publishing partners and highly visible to new would-be customers.

"Group buying has been gaining traction in local and niche markets to date because it makes a lot of sense to both consumers and merchants," says Ash Nashed, Founder of DealOn. "DealOn plans to take the next logical step by expanding the concept to over 100 million consumers nationally and giving local merchants real branding value at no up-front risk."

About DealOn

DealOn.com is a multi-city, “daily deal” site that utilizes group purchasing power, also known as “team buying,” to provide members with top quality deals on restaurants, spas, sporting events and other amazing experiences from merchants in cities around the United States. More information is available at www.dealon.com.

About Adblade

Adblade, a division of Congoo, LLC, has quickly become a leader in online display advertising by offering advertisers and publishers unique features and technology which improve the economics of online advertising for everyone. Adblade represents much of the advertising seen on over 1000 premium branded local and national websites. Adblade’s News Bullets have a much higher engagement and click through rate than traditional display advertising. Adblade now reaches over 130 million unique US monthly users* making Adblade the largest premium ad platform on the Web. Find more information at www.adblade.com.

* Quantcast February 2010