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ASCC Aristocrat Group Corporation (PK)

0.0007
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Aristocrat Group Corporation (PK) USOTC:ASCC OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0007 0.008 0.019 10 21:01:35

ASCC Works to Develop the Cure for ‘Deal Fatigue’

28/08/2012 10:00am

Business Wire


Aristocrat (PK) (USOTC:ASCC)
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“Deal fatigue” appears to be slowing consumer enthusiasm for daily deal sites such as Groupon (NASDAQ: GRPN)—and the Aristocrat Group Corp. (OTCBB: ASCC) is working on a new coupon model to offer buyers something different.

Although Groupon and its largest competitor, Living Social, have built tremendous market share in the once-booming daily deals space, dozens of similar businesses are watering down the industry. Today, many consumers are flooded with e-mails every day from a multitude of daily coupon sites, leading to a drop in business termed “deal fatigue.”

“What Groupon and its clones are discovering is that there can be too much of a good thing,” said ASCC CEO Cindy Morrissey. “The market is now flooded with daily deals, with no one company’s e-mail campaigns standing out from another. Consumers are sick of this model, and we’re planning to replace it with a new one.”

A social networking innovation lies at the heart of the new revenue model that ASCC is exploring—one that the company believes could revolutionize the online social coupon industry.

TheFancy.com is a new social site similar to Pinterest that lets users flag up things they like online, like a photo blog for commercial products. The service also lets users purchase what they find online, delivering built-in support for e-commerce. TheFancy.com then collects 10 percent of each transaction's value.

ASCC’s research indicates that women control a majority of household spending, and the company plans to tailor its social coupons to goods and services related to women’s health, parenting and even dating. ASCC plans to ensure that its coupon platform can be easily used with mobile devices such as the Apple (NASDAQ: AAPL) iPad and iPhone.

“Women have always been the primary consumers of coupons,” Morrissey said. “Our new platform will make couponing easier and more fun for women than ever before, making all other couponing platforms obsolete.”

For more information on ASCC’s new initiatives, please visit www.aristocratgroupcorp.com/investors.html.

Follow ASCC on Twitter at www.twitter.com/AristocratGroup.

About the Aristocrat Group

The Aristocrat Group Corp. (www.aristocratgroupcorp.com) is a women’s lifestyle company that aims to make the transition into parenthood smoother and more rewarding than ever before. Our smart growth initiatives will position us as the premier resource for prenatal and postpartum resources. For more information on our business plan, please visit www.aristocratgroupcorp.com/investors.html.

Notice Regarding Forward-Looking Statements

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.

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