TORONTO, Aug. 8, 2012 /CNW/ - WagJag, one of Canada's leading group-buying sites, today announced the asset acquisition of Yellow Media Inc.'s Deal of the Day business. This transaction will increase WagJag's subscriber list and provide additional reach for its merchants.
WagJag, a leader in daily deal websites
"WagJag remains committed to delivering the most exciting offers across Canada in our local, travel, grocery and golf verticals. We warmly welcome the Deal of the Day members" - says Jeremy Zuker, President of WagJag.
This acquisition adds to WagJag's appeal among local and national businesses and allows it to position itself favourably to develop new services for merchants and bring more offers to its growing membership base.
The integration of Deal of the Day with WagJag.com will be done over the next few weeks. Until then, Deal of the Day will remain operational and its members will continue to have access to their accounts and to their vouchers. All the vouchers purchased from Deal of the Day will be honoured by the merchants according to the existing terms and conditions and will be accessible by Deal of the Day members until their voucher expires. WagJag.com's customer service is available for all members requesting assistance during this transition period.
About WagJag
WagJag.com is one of Canada's leading group buying websites. Every day it highlights exclusive offers ranging from 50-90% off the best spas, restaurants, activities, events and more. This user-friendly site offers consumers exceptional savings on the coolest products and services. Since WagJag's launch in December 2010, the site has sold more than 2.64 million vouchers, representing over 200 million dollars in savings for its over 2.2 million subscribers across Canada. WagJag includes WagJag Grocery and WagJag Golf, and WagJag's sister site, Jaunt.ca, which provides travel-related offers. For more information, visit www.wagjag.com.
About Yellow Media Inc.
Yellow Media Inc. (TSX: YLO) is a leading digital company in Canada. The company owns and operates some of Canada's leading properties and publications including Yellow Pages™ print directories, YellowPages.ca™, Canada411.ca and RedFlagDeals.com™. Its online destinations reach approximately 8 million unique visitors monthly and its mobile applications for finding local businesses and deals have been downloaded more than 4 million times. Yellow Media Inc. is also a leader in national digital advertising through Mediative, a digital advertising and marking solutions provider to national agencies and advertisers. For more information, visit www.ypg.com.
SOURCE: WagJag.com
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