LOS ANGELES April 23, 2012
and Braden Richter
Concierge Buying allows members to make product recommendations by posting items they see online and want to add for community consideration. Images can be uploaded from a user’s hard drive or "pinned" using a "Luxe It" bookmarklet to post items to a public LuxeYard pinboard. The company plans to introduce a mobile application enabling users to "Luxe" photos in real-time as they see items they want anywhere in the world.
When enough members "like," "follow" or "comment" on a Concierge Buying pinboard post, LuxeYard’s veteran team of buyers will negotiate a volume discount on the exact product or source an item of comparable style and quality. Once there is a match between a posted item and its availability in an upcoming flash sale, the members engaged in the Concierge Buying process for that product will receive an exclusive advance notice of the upcoming sales event, after which it will be made widely available to all LuxeYard members.
This press release contains forward-looking statements about our social sourcing platform and Concierge buying technology, which involve risks and uncertainties, and actual results could differ materially from those discussed. Factors that could cause or contribute to such differences include, but are not limited to, the factors included under the headings "Risk Factors" and "Cautionary Note Regarding Forward Looking Statements" on Form 8-K, filed with the Securities and Exchange Commission on November 15, 2011, a copy of which may be obtained by visiting the SEC’s web site at www.sec.gov . LuxeYard’s actual results could differ materially from those predicted or implied and reported results should not be considered as an indication of future performance.
You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances reflected in the forward-looking statements will be achieved or occur. Moreover, neither we nor any other person assumes responsibility for the accuracy and completeness of the forward-looking statements. We undertake no obligation to update publicly any forward-looking statements for any reason after the date of this press release to conform these statements to actual results or to changes in our expectations.
Melissa Kubrin [email protected]
SOURCE LuxeYard, Inc.