DGAP-News: LetsBuyIt Group AG / Key word(s): Miscellaneous LetsBuyIt Group AG intends to expand their business activities in Spain 24.04.2012 / 08:30 --------------------------------------------------------------------- Corporate News from April 24, 2012 LetsBuyIt Group AG intends to expand their business activities in Spain - Launch of the Spanish version in May 2012 - Easier access to Latin-American markets Zurich, April 24, 2012. LetsBuyIt Group AG, parent company of the website LetsBuyIt.com, and operating a fully automated online price comparison portal with Social Shopping Services, is expanding to Spain. Following the successful launch of the beta version for the Portuguese, Russian, and Polish online shopping market, LetsBuyIt Group AG intends to expand their business activities in Spain. The company currently works on the Spanish beta version, which is scheduled to go live online in May 2012. The future Spanish platform, in conjunction with the Portuguese website, will facilitate the fast access to the Latin-American markets, such as Argentina, Mexico, and Brazil boosting more than 204 million potential online users. 'The e-commerce market in Spain showed a promising development and grew disproportionally in 2011. This evolution is partly due to the constantly increasing number of online users in Spain. The utilization of the internet via smartphones is continuously rising as well. Pursuant to recent findings, approximately 63 percent of all Spaniards, i.e., approximately 29 million people, are regularly using the internet. Another important fact is that the Spanish are very fond of using social media websites. Hence, this market offers another large potential with excellent growth prospects for our social shopping concept', said Izzet Guney, chairman of the board of directors of LetsBuyIt Group AG. 'By launching the Spanish beta version, we are closing the gap in our business activities between France and Portugal. Thus, we are covering the majority of the European e-commerce market in conjunction with the German, Russian, and Polish LetsBuyIt platforms', said Emmanuel Noirhomme, managing director of LetsBuyIt.com. About Letsbuyit LetsBuyIt.co is a website providing price comparison and social shopping services to its users. LetsBuyIt is currently active in France, Germany and the UK with a French, German and English website. More than 50 million products offered by more than 1,500 merchants are currently listed on LetsBuyIt.com. On a daily basis the company updates its product data base and lists new merchants. With LetsBuyIt users can find and purchase products for the lowest price because the website provides best practices in online shopping. The company is aiming to become a leading shopping portal and a meeting point for the e-commerce online community. Some of the characteristic features of the website are therefore interactive tools to give users the possibility to write product reviews, exchange experiences and recommend products. 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 End of Corporate News --------------------------------------------------------------------- 24.04.2012 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 --------------------------------------------------------------------- 166180 24.04.2012
DGAP-News: LetsBuyIt Group AG intends to expand their business activities in Spain
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