We are very pleased to own a defensible position in the group buying space. Obviously, gaining additional protection on our intellectual property is an important step in the process. We will continue to focus on developing truly innovative and patentable solutions that benefit both businesses and consumers.
Tampa, FL (Vocus) April 2, 2010
eWinWin announced the United States Patent and Trademark Office has recently granted two new patents to the company for its proprietary group buying solution. The latest patents issued were 7,689,463 and 7,689,469. The topical areas include “e-Commerce Volume Pricing” and the “Multiple Supplier System and Method for Transacting Business”.
eWinWin now holds a total of six patents in the group buying space, with a multitude of patents pending, making the company’s patent portfolio one of the deepest in the fast-growing collective buying industry.
The patented methods are the basis of the company's technology, which originated in early 1999, well before the Internet and group buying became the phenomenon it is today. With eWinWin, as buyers join a deal on the Internet, the discounts are triggered according to the terms and conditions created by the seller. Buyers receive a significant group discount in exchange for promoting the deal to their social networks, while the business increases sales, creating a true “win-win” relationship.
Greg Mesaros, founder and CEO of eWinWin stated, "We are very pleased to own a defensible position in the group buying space. Obviously, gaining additional protection on our intellectual property is an important step in the process. We will continue to focus on developing truly innovative and patentable solutions that benefit both businesses and consumers.”
Founded in 1999, eWinWin is a pioneer in developing demand aggregation or “social pricing” solutions for B2C and B2B applications over the Internet. In addition to developing and commercializing technology within the firm, eWinWin has granted licensing agreements spanning eleven years to Fortune 1000 companies and businesses of all sizes.
With the dramatic popularity in group discounts, the company is well positioned to take advantage of the opportunities available for commercialization and licensing of its proprietary technology. Noted Mr. Mesaros, “We expect to have more patents issued in the coming months.”
Established in 1999, eWinWin is the leader in developing group buying and social pricing applications over the Internet. Using social networks such as Facebook, MySpace, and Twitter to bring buyers together, eWinWin enables sellers to lower costs while increasing sales using Social Pricing. eWinWin has implemented group buying technology across multiple product categories. With the sudden explosion of social networks, and a number of newly issued patents, eWinWin has launched a consumer-friendly version of its Social Pricing Software. Now, anyone can purchase online and Share the savings™.