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Introducing Sayagle™ Enhance Your Life Beyond the Screen and Gain Cash Back to Boot*

MIT/Harvard Grad Launches Free Social Networking Marketplace with a Boston Preview at www.sayagle.com


News provided by

Sayagle

Sep 30, 2010, 12:01 ET

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CAMBRIDGE, Mass., Sept. 30 /PRNewswire/ -- Sayagle (www.sayagle.com) announced today the launch of the first business of its kind: A real-time, location-based social networking community and marketplace where users and local merchants win. Sayagle brings users together by IM, web, or smart phone to collaborate, connect, and communicate with friends and merchants anytime, anywhere.

More than just another application, Sayagle is designed to enhance life beyond the screen by catering to local merchants who need an easy way to translate "brick-and-mortar" businesses to the web. Sayagle provides merchants with innovative, easy-to-use marketing and promotional tools that help them get and stay connected to engaged local customers—those people most likely to be interested in their products or services.

Founded and launching in Boston, Sayagle is a virtual community deeply rooted in place. While users can chat, download files, and plan events on Sayagle, they can also take advantage of exclusive local deals that build toward cash back in the real world.

Through its unique patent-pending rewards system, Sayagle pays its users in SayaCash for every dollar spent with Sayagle merchants. Once users earn 100 SayaCash points or more, they can use points toward a gift card for any Sayagle merchant they choose, or any merchant outside the Sayagle Community.  They can earn as many points as they want and redeem them as they choose, since the points never expire.

Founded and led by CEO Ken Huang, a graduate of Massachusetts Institute of Technology (MIT) and Harvard University, Sayagle is launching only with angel investment and plans to expand later this year.

"Location-based social networking is rapidly evolving, and research shows that the market is growing exponentially," said Huang, who also co-founded WebNotes, Inc., a popular online research management service. "People are demanding new, easier and safer ways to connect. More importantly, they want to be in control and choose what deals and promotions they receive. Sayagle addresses this need directly with its community-driven platform, which offers both merchants and users one-stop, value-added services."

Sayagle combines three platforms – SayagleIM, SayagleWeb and SayagleMobile – to give consumers and merchants easy ways to access, discover and share the information that is important to them, intelligently and safely.

  • SayagleIM is an advanced instant messaging (IM) application that not only works on both Windows and Mac platforms, but integrates other IM services, so Sayagle users can chat with their friends on MSN, Yahoo, AIM, and Google Talk.
  • SayagleWeb employs social mapping to help users to find their friends, local information, and up-to-the-minute deals online. Users can also play games and enter merchant contests. As an entertaining bonus, the more users roam, the more power and privileges they gain within the online community.
  • SayagleMobile integrates the communication features of SayagleIM with the local merchant deals and social mapping of SayagleWeb, along with the GPS features integrated into today's smart phones. SayagleMobile enables users to follow friends and merchants, map activities and local events, and instantly notify contacts of their exact location in an emergency. The SayagleMobile application will be available via leading mobile phone providers.

"Sayagle is a fun and powerful way to navigate the real and virtual worlds in search of your friends and the best local deals. With Sayagle, you will become a local no matter where you are," Huang said. "And with SayaCash, you get money back for supporting Sayagle merchants, so everyone wins."

Get Started

Anyone can sign up for a free account online at www.sayagle.com. Users enter a name and email address in exchange for a password to become a member of the Sayagle community. Merchants interested in joining the Sayagle community can call 888.885.5678 toll free or email [email protected].

About Sayagle, Inc.

Headquartered in Cambridge, Mass., Sayagle is the first real-time, location-based social networking marketplace that allows users and local merchants to collaborate, connect and communicate anytime, anywhere to enhance life beyond the screen. For merchants, Sayagle is an easy-to-use marketing and promotional tool to drive local traffic. Visit www.sayagle.com or www.twitter.com/Sayagle.

*Cash back is issued in the form of a gift certificate.

Contact:

Rachel Greenstein

Warner Communications

617-569-6269

[email protected]

SOURCE Sayagle

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