DGAP-News: LetsBuyIt Group AG: Expansion of our international presence
(firmenpresse) - DGAP-News: LetsBuyIt Group AG / Key word(s): Miscellaneous
LetsBuyIt Group AG: Expansion of our international presence
03.04.2012 / 08:30
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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(at)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
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