Ann Arbor, MI (PRWEB) February 27, 2009
urTurn.com, LLC, the only virtual currency auction application on Facebook that rewards members with real goods and services, has signed a strategic agreement with Universal Products, a Clinton Township distribution and warehousing provider. The agreement offers urTurn a cash investment that the company plans to put towards further development of its virtual currency auction platform.
Under the agreement, Universal Products will also provide urTurn with fulfillment services for prize redemption. Jose Reyes, CEO of Universal Products, says, "We see tremendous growth in urTurn's business and our ability to fulfill prize redemptions should aid in their efforts."
UrTurn's users are able to redeem their virtual currency for real goods and services including gift cards, electronics, hand bags and personal items. The acquisition, warehousing and shipping of these prizes will be managed by Universal Products.
"We're equally excited about the cash infusion and the added bandwidth to carry out our plans," said urTurn founder and CEO, Mark Sendo. "With Jose's team handling the tedious job of prize redemption fulfillment, we can focus on our technology and building more revenue streams."
"We see great potential in the urTurn auction," added Reyes. "Social media has been such an ambiguous medium, and we're looking forward to helping Mark and his team provide real, tangible results."
About Universal Products:
Universal Products is a Hispanic owned company founded in 1988 by Mr. Jose Reyes born in Michigan, inventor of many successful consumer goods. Based in Clinton Township Michigan, Universal Products is diverse in what they offer and who they do business with. They now hold strong relationships with Rite Aid, Wal-Mart, Walgreens, CVS.com, Kroger, Drugstore.com, McKesson Canada, Nash Finch, The Drug Store and more. Some of the items currently distributed are soaps, child safety devices, vitamin supplements and burn care products. Universal Products provides ware housing and distribution of these various products throughout the United States, Canada and Asia.
Universal Products is a consistently growing company that holds an excellent D&B rating and a 99.5%+ scorecard for shipped as ordered.
About urTurn.com, LLC.:
Ann Arbor, MI based urTurn.com, LLC was founded in May 2007 by serial entrepreneur, Mark Sendo, who has built several successful business including A3 Technologies and Mortgageonline@msn.com. Drawing on his experience as the primary inventor of a patent that enables Secure Monetary Transactions across the Internet with IMX-Solutions.com, Sendo created the vision behind a social network fueled virtual economy.
UrTurn's 2009 strategy is focused on creating multiple avenues for increased member interaction, basic living prize allocation, direct advertiser relationships and creating cross-platform partnerships with other social network application developers.
For more information, contact:
kelly.koppsch @ universalproductsmarketing.com