June 26, 2012 11:52 ET

Tuango.ca Acquires RestoBoom.com and Strengthens its Leadership Position

MONTREAL, QUEBEC--(Marketwire - June 26, 2012) - Tuango.ca, the leader in the field of group buying websites in Quebec, is proud to announce the acquisition of the assets of RestoBoom.com. Since its inception, RestoBoom.com, RestoMontreal.ca's group buying website, has brought its users exclusive discounts in a plethora of restaurants and grocery stores across the province. This acquisition will enable Tuango.ca to reinforce its brand and leadership in the market and to offer an unprecedented platform for participating restaurateurs. In a few weeks, the members of RestoBoom.com will become members of Tuango.ca.

Tuango.ca reaches new heights!

"Tuango.ca is proud to continue its commitment to bringing its subscribers the best possible deals. Thanks to this acquisition, Tuango.ca will be able to feature an increased number of excellent restaurant deals while at the same time offering local merchants an increased reach and visibility on the RestoMontreal.ca website", states Eduardo Mandri, Co-President of Tuango.ca.

"From the day we launched Restoboom.com, our commitment has been to bring our subscribers outstanding offers at local restaurants. Tuango.ca boasts a deep understanding of this market and we have been greatly impressed by their enthusiasm. We are thrilled with this new partnership. It will ensure that our 65,000 subscribers continue to receive an impressive array of local deals", added Anthony Mustillo, President of RestoBoom.com.

In practice, this transaction will allow members of both websites to take advantage of a larger array of exclusive offers. Furthermore, Tuango.ca will be able to offer restaurateurs an increased visibility to over 800,000 subscribers. This exposure coupled with the visibility already offered on the Gesca group newspapers online and offline will stretch their reach to more than 1 million people across Quebec.

A progressive integration

The integration of RestoBoom.com to Tuango.ca will be done in the next few weeks. Until then, RestoBoom.com will remain operational and its members will continue to have access to their accounts and to their coupons. All the coupons acquired through RestoBoom.com will be honoured by the merchants according to the established conditions and will be accessible to Restoboom.com members until their expiry. Tuango.ca's customer service is available for all members requesting assistance during this transition period.

About Tuango.ca

Tuango.ca is Quebec's first and largest group buying website. Every day it highlights exclusive offers ranging from 50% to 90% off on the best spas, restaurants, getaways, activities, events and more. Since its launch in June 2010, Tuango.ca has sold more then 1 million coupons, representing over $100 million dollars in savings for its members. Inspired by the Chinese concept Tuángòu, Tuango.ca harnesses the purchasing power of thousands of potential consumers to negotiate exclusive offers for its members. Since the beginning of its operations, Tuango has experienced a phenomenal growth, and has an active presence in the cities of Montreal, Quebec, Gatineau, Sherbrooke, Trois-Rivières, Drummondville and Saguenay.

About RestoBoom.com

RestoBoom.com is the group buying website of RestoMontreal.ca, the biggest restaurant portal in Quebec. It proposes discounts of up to 90% in a plethora of restaurants and grocery stores. In the last few months, it has greatly facilitated customers' search for new, well-rated restaurants and has allowed restaurant owners to gauge what the public really wants.

Contact Information