SOURCE: gWallet

May 05, 2008 09:00 ET

Repeat Entrepreneur Gurbaksh Chahal Developing New Online Shopping Solution; Signs Book Publishing and Reality TV Deals

SAN FRANCISCO, CA--(Marketwire - May 5, 2008) - Not content to cool his heels after selling ad network BlueLithium to Yahoo!, founder and entrepreneurial guru Gurbaksh Chahal is rejoining the technology game with gWallet, a new ecommerce solution. The company is in the final stages of Series A funding and is set to launch this summer.

As the nation faces a time of economic uncertainty, gWallet is designed to help mitigate the financial burden of purchasing goods with an easy to use online platform that helps shoppers find the best deals on the Web. gWallet will also be available in desktop widgets and via a mobile platform in its later stages.

Gurbaksh Chahal is no stranger to entrepreneurship. A millionaire by the age of 18, he founded online ad network ClickAgents and then sold it to ValueClick for $40 million. He then went on to found BlueLithium, a next generation ad network focusing on data targeting, optimization and analytics, which he sold in 2007 in a deal valued at $300 million. His success in the technology world and his charisma as a speaker and personality led him to a natural transition to mainstream media.

In late 2007, Chahal was picked up by the renowned William Morris agency and is slated to star in an upcoming network TV show. The show's premise is still under wraps, but it is set to be nationally syndicated on a major network in fall 2008. Also, ensuring he leaves no cultural medium unexplored, Chahal has signed a book deal with Palgrave Macmillan to publish his memoir. "The Dream" will detail his story of the successful creation of two Internet-based companies worth more than $340 million by the age of 25, highlighting his key experiences involving motivation, risk, discipline, and courage in the pursuit of his aspirations.

If you are interested in arranging a meeting to discuss his current and future endeavors, please contact Morgan McDowell of blast! PR.

Contact Information

  • Media Contact:
    Morgan McDowell
    blast! PR for gWallet
    Email Contact
    919-833-9975 x. 12