Select Groupon (NASDAQ: GRPN) (http://www.groupon.com)
subscribers in Chicago, Cleveland, Columbus (Ohio), Minneapolis and
Orange County, Calif. received an invitation-only email today to try out
a complimentary three-month membership of Groupon VIP, a
subscription-based loyalty program. Groupon VIP is currently being
tested in select markets and allows members early access to deals, the
ability to purchase closed or sold out deals and anytime-refund
A must-have for frequent Groupon users, Groupon VIP provides members
early access to deals beginning at 12:00 p.m. the day before they’re
scheduled to run. As Groupon deals can sometimes sell out and early
appointment times may fill up quickly, VIP allows members first dibs on
purchases and preferred appointments. Groupon VIP also gives
participants access to Groupon’s Deal Vault of closed and sold-out deals
– deals that are no longer available to regular Groupon subscribers.
Additionally, there’s relief for those who have purchased a deal that’s
about to expire, moved to a new neighborhood or got dumped before a big
date; VIP’s return policy allows one-click, anytime exchanges for
purchases made as a member of the program in the form of Groupon Bucks,
credits that can be used towards the purchase of additional Groupons.
"We’re continually innovating to improve the Groupon customer
experience,” said Jeff Holden, senior vice president of product
development at Groupon. "In the case of VIP, we asked our customers ‘If
you could wave a magic wand and change Groupon in any way, what would
you ask for?’ The three main features of VIP were at the top of the
list: early access to deals, ability to purchase closed or sold out
deals and anytime-refunds.”
Groupon began testing VIP earlier last month in Charlotte, Indianapolis,
Miami, Milwaukee, Tampa and Hampton Roads, Va. with plans to eventually
roll out the program nationwide.
Membership in the program costs $29.99 per year after a free three-month
trial period, and customers can add their name to a waiting list (http://www.groupon.com/vip)
to be notified when it is available in their area.
Groupon (NASDAQ: GRPN), launched in November 2008 in Chicago, features a
daily deal on the best stuff to do, eat, see and buy in 48 countries
around the world. Groupon uses collective buying power to offer huge
discounts and provide a win-win for businesses and consumers, delivering
more than 1,000 daily deals globally. To subscribe for the best deals in
your city, visit http://www.groupon.com.
To learn how to become a featured business, visit http://www.grouponworks.com.
This announcement contains forward-looking statements that involve risks
and uncertainties, and actual results could differ materially from those
discussed. Factors that could cause or contribute to such differences
include, but are not limited to, the factors included under the headings
"Risk Factors” and "Management’s Discussion and Analysis of Financial
Condition and Results of Operations in the company’s registration
statement on Form S-1, as amended, filed with the Securities and
Exchange Commission on November 1, 2011, copies of which may be obtained
by visiting the company’s Investor Relations web site at http://investor.groupon.com
or the SEC’s web site at www.sec.gov.
Groupon’s actual results could differ materially from those predicted or
implied and reported results should not be considered as an indication
of future performance.
You should not rely upon forward-looking statements as predictions of
future events. Although we believe that the expectations reflected in
the forward-looking statements are reasonable, we cannot guarantee that
the future results, levels of activity, performance or events and
circumstances reflected in the forward-looking statements will be
achieved or occur. Moreover, neither we nor any other person assumes
responsibility for the accuracy and completeness of the forward-looking
statements. We undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this press
release to conform these statements to actual results or to changes in