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NeighborOil Announces Product Partnership With YouDecide(TM)NeighborOil the Latest Voluntary Benefit Offered to Employee Advantages(TM) Members (January 31, 2012)
ANDOVER, MA -- (Marketwire) -- 01/31/12 -- NeighborOil, "where consumers control the price they pay for home heating oil," will provide Employee Advantages members access to its valuable rewards and saving program for home heating oil. It will be offered for the first time as an employee benefit through YouDecide's voluntary benefits portal.
"NeighborOil allows consumers the ability to leverage the earning power of other consumer purchases to spend directly on home heating oil costs. Now employees can take advantage of this unique saving opportunity through YouDecide. "To partner with YouDecide, the leading voluntary benefit provider, is a natural fit as we expand into other market channels," said Paul Harkins, CEO of NeighborOil.
NeighborOil, which is one of the largest distributors of home heating oil in the US, offers consumers the ability to earn reward points that convert to cash when they purchase home heating oil. Rewards points will be earned by being social or by shopping at more than 3,500 retailers and converted into cash for purchases through the Employee Advantages portal.
"We are constantly searching for unique, high value, products, programs and services to offer our clients and their employees. We have strict value criteria to determine what we will offer to our clients and their employee. The Neighbor Oil offering satisfies our criteria perfectly," said Richard Baker, CFO of YouDecide. Employee Advantages members will receive additional incentives by participating in NeighborOil.
NeighborOil is growing the products it offers and outlets to offer them such as targeted in-store incentives and bill payment services for electricity and natural gas. Harkins added, "By taking advantage of targeted in-store incentives tied to our rewards card, our members will be able to earn rewards point and use them to pay for home heating oil, or through our bill payment platform pay their existing electricity or natural gas provider."
NeighborOil is a Patent Pending platform designed to assist consumers to reduce their dependency on foreign oil by giving them a new way to pay for more efficient heating systems and the fuel used to run them. With NeighborOil consumers control the price they pay to heat their homes thereby saving an average of more than 30% on their heating bill. NeighborOil accomplishes this through the use of its reward currency called Neighbor Points. Neighbor Points are earned by members then convert to cash when purchasing thereby reducing the overall cost to a consumer.
YouDecide, with its patent pending Voluntary Benefits Outsourcing (VBO) Solution, provides employers and large organizations a private-labeled, single-destination portal to communicate group voluntary benefits, non-insurance consumer products and financial services offerings to employees and members. YouDecide's Employee Advantages web-based platform and RewardsPlus's SureDeduct payroll-deduction technology were integrated in 2007, establishing the industry's leading Voluntary Benefits Outsourcing (VBO) solution.
300 Brickstone Square
Andover, MA 01810
Richard L. Baker
4450 River Green Parkway
Duluth, GA 30096
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