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Thrive World Wide Provides "Launch Week" Commentary(November 08, 2011)
LOS ANGELES, CA -- (Marketwire) -- 11/08/11 -- Thrive World Wide, Inc. (OTCQB: TWWI) (PINKSHEETS: TWWI) comments on the success of its launch into the West Coast daily deal market. TWWI went live with its "DailyHotDeal" offerings in San Diego, Newport Beach, Irvine and Los Angeles (where it also recently moved its corporate HQ) on Tuesday last week.
Thrive President & CEO Wendy Borow Johnson said, "It was with careful consideration that we announced our launch during the week of the Groupon IPO, knowing the market reaction could either be very good or very bad for daily deal sites -- in the case of Thrive World Wide -- it worked well for us. While Groupon's IPO saw major selling pressure day one, TWWI traded close to ten million shares and hit an intra-day high of $.028 -- a remarkable 250 times the price it started the trading week off at. Additionally, the member database has increased 3 fold and new sign ups are coming in at almost 1000 a day since launching. This, combined with new national brand agreements and another 15 markets scheduled for launch over the next 60 days, is exactly the formula for a successful internet marketing company." Borow Johnson continued, "We will continue to provide our shareholders and members with the most timely and up to date information from a business development standpoint and a market standpoint. We believe shareholder relations are as important to a company's success as its business development activities and are committed to providing shareholder value to the fullest extent possible."
About Thrive World Wide, Inc.
Thrive World Wide, Inc., through its wholly owned subsidiary DailyHotDeal, is the newest entry into the social shopping Deal of the Day business. DailyHotDeal is differentiating itself from its competition by creating a Video Spotlight for each participating merchant at no charge to the business. This gives the business a branded video piece and our members get the opportunity to watch the video and see features of the deal and the business that is featured. Daily Hot Deal will send the video in its daily email to our members, feature it on DailyHotDeals.com as well as placing the Daily Hot Deal video on its Facebook fan page, its YouTube Channel as well as on other media outlets.
Thrive World Wide, Inc.
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