SAN FRANCISCO, CALIFORNIA -- (Marketwire) -- 08/03/12 -- Marine Drive Mobile Corp. (OTCBB: MDMC) ("Marine Drive" or the "Company") announced today that it has updated its core technology Deal Management Software (DMS).
Marine Drive's technology and model is really quite simple. The company provides simple tools that make it easy for Merchants to create deal promotions, manage them, and market them to their list of loyal customers. We provide real-time accurate reporting metrics that allow the Merchant to better understand their customer's buying habits, learn which promotions are working, and which are not.
From the consumer standpoint, buyers like a bargain. Regardless of the economic realities of the day, no one likes to pay full price if they can get it cheaper. Some consumers refuse to shop anywhere that does not offer them a deal on what they are buying. Retailers and Manufactures know this, and price their products appropriately. The Coupon Industry in the USA was valued at $4.6 Billion in 2011, and it continues to grow every year. Sunday coupon clippers are still the norm, but online and mobile coupons are growing quite quickly. Almost 50% of the online consumers today are expected to redeem online coupons this year.
For the merchant using our Deal Management Software has no downside. It's completely free to use, there is no revenue share with Marine Drive and it is very easy to operate and manage. This new version takes the core of Marine Drive's technology and enhances it even further. This new version is expected to be functional with upgraded reporting features and soon to come scheduling module, payment gateway, API functionality and mobile text messaging capabilities.
Colin MacDonald, President and CEO of Marine Drive Mobile stated, "I am very proud to be announcing our new version of our Deal Management Software (DMS). The product has come a long way in a very short period of time. Now that we have an enterprise level application we can now approach larger organizations and integrate our DMS software into their marketing and customer loyalty programs." Colin continued, "The upgrades and enhancements will allow the technology to be virtually usable with any size company or enterprise. We plan to have a full suite of API products available to allow clients and merchants alike to mold our technology straight into their own backend systems."
About Marine Drive Mobile Corp.
Marine Drive Mobile Corp. (MDMC) is a San Francisco based technology company dedicated to bringing simplicity, innovation and disruption to the deal software industry. Our mission is to transform the online deal space by giving businesses a totally free online advertising platform that makes creating and promoting daily deals as simple as sending an email. Marine Drive Mobile connects merchants and consumers through our proprietary software platform and business systems.
This news release may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Company assumes no obligation for the accuracy or completeness of those forward looking statements and undertakes no obligation to revise these forward looking statements to reflect subsequent events or circumstances. Readers are cautioned not to place undue reliance on the forward-looking statements made in this news release. Investors are urged to consider closely the disclosure in the Company's Form 10-K and subsequent filings, which may be obtained directly from the Company, or from the SEC website at http://www.sec.gov/edgar.shtml.
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