News

Coupon Express expanding despite loss of funding

November 6, 2011

Coupon Express today announced a number of recent corporate updates as a follow up to last week's announcement of the closing of key funding.

Coupon Express is presently deploying kiosks into several separate supermarket chains affiliated with its strategic food wholesaler partners, according to CEO, Eric Kash.

These locations include a chain centered in Long Island, N.Y., one in Southern California, one in the greater New York City area, and various chains throughout Northern California, Kash said in a company press release. They represent dozens of individual locations and will include ads and coupons from a leading list of manufacturers.

"Not only are we seeing strong indications of advertising interest from leading food, beauty, cosmetic and health manufacturers, but are encouraged by the interest from in-house brands at the chain level," he said.

All of these new locations will be utilizing the jointly developed bar-coded "Shopping List" marketing initiative developed in conjunction with Coupon Express' technology partner, Midax Inc. With this technology, Kash said, consumers simply select coupons from the Coupon Express kiosk which then prints a list of the items with a single indicating barcode. As the consumer proceeds to check out with his or her items and shopping list, the store clerk scans the barcode and appropriate discounts are credited for the purchased merchandise. The supermarket's point of sales system instantly produces electronic reports providing real time access to valuable marketing information allowing better advertising, inventory control and advertising cost analysis.

Financials

Coupon Express recently announced the closing of a $1.4 million placement of Cumulative Convertible Senior Notes.

"The recent financing together with significant balance sheet improvements has positioned the Company for the execution of its business plan," Kash said. "Our current capital structure and access to lease funding from Yellow Box LLC, allows us the opportunity to focus on deployments, integrations, revenue generation and further proof of business."

"We have worked tirelessly to cement strategic partnerships with manufacturers, sales partners, servicing partners and retailers," Kash said.

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