SOURCE: Savings.com

December 01, 2009 08:00 ET

Top Online Coupon Site Savings.com Expands Executive Team With New Hire

Gregory C. Kim Joins Leading Online Deal Site to Drive Corporate Development and Strategy

SANTA MONICA, CA--(Marketwire - December 1, 2009) - Savings.com, the premier destination for online coupons and coupon codes, today announced that Gregory C. Kim has joined its senior team. Mr. Kim brings 11 years of Web industry experience to Savings.com, where he will work to accelerate growth, develop new partnerships and distribution strategies, and help the company become the household name for online deals.

"Greg is a true strategic powerhouse with an impressive track record of rapidly accelerating the growth of successful Web ventures," said Loren Bendele, CEO of Savings.com. "He is an enormous asset to the Savings.com management team, where his insight into growth companies will help us continue to reach to the next level of success."

Savings.com aggregates high-quality deals, allowing savvy shoppers to easily search, find and share the Web's top coupons. In the past year alone, Savings.com has seen 200% growth and is fast on its way to becoming the leading destination for online coupons. Mr. Kim will help Savings.com build on this current momentum and success. Currently, the company has strong relationships with more than 800 well-known, in-demand brands and nearly 3,400 merchants in categories that run the gamut from shopping to entertainment to technology.

"The economic downturn has created a nationwide change in consumer spending habits. This shift, combined with growing social media usage, has created an enormous opportunity for Savings.com," said Mr. Kim. "Savings.com has proved to be a standout company in the online deal space, and I am excited to be on board for even more innovation and success."

Prior to joining Savings.com, Mr. Kim was Senior Vice President of Strategy and Corporate Development at People Media, Inc, a global leader in niche dating services. While there, Greg built out the team, infrastructure, website and roadmap, ultimately helping sell the company to Match.com/InterActiveCorp for $80 million. Before that, Mr. Kim was Senior Director of Corporate Development at LowerMyBills.com, where he contributed to the significant growth of the premier comparison shopping service and its eventual sale to Experian.

Mr. Kim received his M.B.A. in Entrepreneurial Studies and Finance from The Anderson School of Management at the University of California, Los Angeles, and his B.S. from the Wharton School of Business at the University of Pennsylvania.

About Savings.com

Savings.com helps consumers save money every day. The premier online savings Web site and community has the best deals for everything shoppers want, making it easier than ever to search, find and share big savings from top brands and stores. The company's dedicated team of DealPros scour the Web to find top offers in every category from designer clothes and baby gear to big-screen TVs and gourmet food. The site's community of members and savers rate each deal to make sure users find the best stuff first eliminating the need to spend time sifting through expired coupons and coupon codes that don't work. Savings.com is a safe haven of high-quality, reliable deals.

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