LetsBuyIt Group AG
LetsBuyIt Group AG: Expansion of our international presence
LetsBuyIt Group AG / Key word(s): Miscellaneous 03.04.2012 / 08:30 --------------------------------------------------------------------- Corporate News from 3 April 2012 LetsBuyIt Group AG: Expansion of our international presence * Unique selling proposition in the Russian and Polish market * Beta versions are running very successfully - full launch expected for September 2012 * Large potential for Spanish and Portuguese websites Zurich, 3 April 2012. LetsBuyIt Group AG, parent company of the website LetsBuyIt.com, and operating a fully automated online price comparison portal with Social Shopping Services, took further important steps to expand their international business operations. Originally, the focus of the international expansion was on the entry into the very attractive Russian and Polish market. Neither in Russia, having the most online shoppers worldwide (12.5 million) nor in Poland are price comparison websites linked to social media website currently available. Therefore, particular attention was paid to having our own website in Russia. After the scheduled start of the beta version of www.letsbuyit.ru in January 2012, a multitude of useful data were obtained. Russia, with more than 46.5 million internet users, is part of the most interesting markets in Europe. There is a significant difference to the other price comparison sites in Russia particularly due to the social aspect of LetsBuyIt, yielding in a large potential. The same situation exists in Poland. The Polish website www.letsbuyit.pl started in January 2012 as a beta version as well and already indicates promising trends. The comprehensive opportunities not only to pass on customer-specific experiences to other shoppers but also to utilize a basic exchange of information as to the product purchase represents an important aspect of internet usage and thus a market success for LetsBuyIt Group AG. 'Having this unique selling proposition makes us extremely optimistic to also gain significant market shares in Russia and Poland and to achieve sustainable success. The beta versions, which so far delivered outstanding results, are expected to be replaced by revised and complete versions in September 2012,' said Emmanuel Noirhomme, managing director of LetsBuyIt.com. 'In addition to the new websites in Russia and Poland, we are currently working on a Spanish version of LetsBuyIt. In conjunction with our Portuguese beta version, successfully started in August 2011, the Spanish platform will provide fast access to the Latin American markets, such as Argentina, Mexico, and Brazil. Even though the potentially more than 204 million online users in South American are not as well connected to the internet as the Europeans, it will be just a question of time until this market will experience a rapid growth', said Izzet Guney, chairman of the board of directors of LetsBuyIt Group AG. About Letsbuyit LetsBuyIt.com is a platform that provides online price comparison and social shopping services. LetsBuyIt has three different website versions and is currently active in France, Germany and United Kingdom. The Company currently offers more than 50 million products from over 1,500 different online merchants. LetsBuyIt makes continuous and live updates to its product database and indexes new merchants and their products daily. LetsBuyIt enables customers to purchase products at the lowest possible price whilst providing the best online shopping experience. The Company aims to become a leading shopping portal and e-commerce community meeting point. LetsBuyIt's point of difference and distinctive features are its social tools which give customers the opportunity to exchange opinions on their buying experience, and views on the quality of various products. The company identifes behavioural experiences of its members to develop its cutting edge online experience. For Further Information, please Contact: pr@letsbuyit.com LetsBuyIt Group AG Emmanuel Noirhomme, Manager Phone: +33 1 83 64 77 38 Leander (Investor Relations and Media Relations, UK) Christian Taylor-Wilkinson Phone: +44 (0)7795 168 157 Stoffels Kommunikation (Media Relations, Germany) Herbert Stoffels Phone: +49 40 398 077 131 End of Corporate News --------------------------------------------------------------------- 03.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 163665 03.04.2012
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