SAN DIEGO--(BUSINESS WIRE)--Monster Offers (OTCBB: MONT), a leading Daily Deal aggregator and social media company, today signed an exclusive licensing agreement with Zala to bring mobile person-to-person (P2P) money sharing services to the Daily Deal industry. As part of its strategic alliance with Zala, Monster Offers plans to release additional solutions for loyalty, deal tracking, simplified redemption management and merchant dashboards throughout the coming year.
Zala is a P2P mobile sharing and payment solution. Key Zala benefits include:
- Users can send or receive money instantly and effectively with independent programs in the USA and European Union;
- A Zala personalized MasterCard (Europe) or Visa (USA) prepaid card that can be used to purchase goods or to access cash from ATM machines worldwide wherever MasterCard or Visa debit cards are accepted; and
- The Zala platform supports a wide array of mobile devices including iPhone, Android, Blackberry and Nokia.
Monster Offers Quote
“Integrating financial services into the Daily Deal industry represents a huge opportunity and key unmet need that Monster Offers intends to fulfill. Monster Offers has built new innovation within the Daily Deal industry by making local deals easier for people to find, and now Zala will provide an easy payment system that makes deals easier for consumers to buy. It’s a perfect example of how mobile, banking, and Daily Deal providers can all leverage and benefit from integrating each other’s technologies.”
– Paul Gain, Monster Offers CEO
Zala Quote
“We partnered with Monster Offers due to their deep-knowledge and understanding of the Daily Deal industry, especially their drive to integrate payment solutions to improve customer experience. Zala and Monster Offers are perfect partners to exploit the advantages of combining mobile enabled, payments and Daily Deal offers. We plan to positively change the industry by integrating targeted consumer offers with mobile banking and network branded prepaid cards. It is a very exciting opportunity for both companies.”
– Brian Lisi, Zala Managing Partner
A more detailed description of the agreement between Monster Offers and Zala is set forth in the Monster Offers Form 8-K filing with the SEC.
About Zala:
Zala is a P2P Money Share platform leveraging network branded prepaid cards. Zala supports multiple issuers and processors providing both international and domestic money sharing services. Zala includes all the features and functions of traditional online banking plus a convenient network branded prepaid card and a robust P2P mobile money sharing experience. More information can be found by visiting http://www.myzala.com.
About Monster Offers:
Monster Offers is a popular daily deal aggregator, collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search. The company will introduce new technology in 2011 to address unmet category needs in areas such as loyalty, rewards, payment processing, merchant services, and Daily Deal eWallet technology. Monster Offers recently launched its Hyper-Local Daily Deal Reporting Program, designed to help providers improve the revenue and profits of local and regional daily deal programs. More information can be found by visiting http://www.monsteroffers.com.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2009, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.