CHICAGO, June 4, 2003 (PRIMEZONE) -- CoolSavings, Inc. (OTCBB:CSAV), an online direct marketing and media company that provides smarter solutions to connect marketers to their target consumers, today announced that CoolSavings will supply CoolSavings Marketing Network coupons from major grocery manufacturers to U.S. military service members and their families through a link on the Defense Commissary Agency Web "links" page at www.commissaries.com.
DeCA is a United States government agency that operates a worldwide chain of nearly 280 commissaries providing groceries at cost to U.S. military personnel, retirees and their families as part of the military benefits package. DeCA will join more than 40 top Web properties on the CoolSavings Marketing Network (CSMN), an Internet distribution network for coupons from consumer packaged goods manufacturers, retailers, and restaurants. Other CSMN distribution partners include leading newspaper, grocery and lifestyle sites such as Knight Ridder, Hollinger International, The Weather Channel's weather.com and allrecipes.com.
In addition to CSMN coupons, which are distributed across all distribution partner sites, the CoolSavings link on the DeCA Web site will also enable advertisers to offer exclusive coupons to military families.
"We are proud to help provide valuable savings to America's military families through our presence on the commissary Web site," commented Mathew Moog, president and CEO of CoolSavings, Inc. "Recent events have been a strong reminder of the ongoing hardships members of the Armed Services and their families endure to serve our country. Our link with the commissary system is a small way for CoolSavings to help out."
"The Defense Commissary Agency is dedicated to enhancing the quality of life for America's military service members and their families," said Kaye Kennedy, chief of corporate communications for DeCA. "Providing additional savings opportunities through coupon providers such as CoolSavings enhances the essential benefit commissaries offer to the military community."
About CoolSavings
CoolSavings is an online direct marketing and media company that provides smarter solutions to help marketers reach their target consumers. Combining a broad distribution network, sophisticated analytics and proprietary technology with superior customer service, CoolSavings enables a wide variety of advertisers to identify and engage their best customers among our more than 25 million registered households.
CoolSavings is a registered trademark of CoolSavings, Inc. Other product and company names herein may be trademarks of their respective owners.
About the Defense Commissary Agency
The Defense Commissary Agency operates a worldwide chain of nearly 280 commissaries to provide groceries to U.S. military personnel, retirees and their families in a safe and secure shopping environment. Authorized patrons purchase items at cost plus a 5 percent surcharge, which covers the costs of building new commissaries and modernizing existing ones. Shoppers save an average of more than 30 percent on their purchases compared to commercial prices-savings worth $2,440 a year for a family of four. A core military family support element, and a valued part of military pay and benefits, commissaries contribute to family readiness, enhance the quality of life for America's military and their families, and help recruit and retain the best and the brightest men and women to serve their country.
Statements in this press release regarding CoolSavings' business which are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expectations, beliefs, hopes, intentions or strategies. Forward-looking statements involve known and unknown risks and uncertainties, both general and specific to the matters discussed in this press release. These and other important factors, including those mentioned in various Securities and Exchange Commission filings made periodically by CoolSavings, may cause CoolSavings' actual results and performance to differ materially from the future results and performance expressed in or implied by such forward-looking statements. For a discussion of some of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in CoolSavings' Form 10-K for the year ended December 31, 2001, filed with the SEC.