Wavee.com Launches Online Rewards Store
Poster: SySAdmin
Posted on March 17, 2010 at 5:07:01 AM
Wavee.com Launches Online Rewards Store
ATLANTA, March 17 -- Wavee.com (Wavee), a bid-to-buy online auction site that delivers an exciting and rewarding shopping experience, announced today the launch of its new Rewards Store -- a program that allows users to earn "Wavee Dollars" for each dollar spent and apply them as significant price discounts on high-demand, brand new consumer goods. This new program positions Wavee as the ultimate shopping destination where customers see a money multiplier effect. Win and pay less for the item you want AND earn a sizeable discount to apply to other products.
"While we are launching our new Rewards Store on St. Patrick's Day, this new program essentially takes all the 'luck' out of winning on Wavee as members become winners with every bid," said Jacky Lai, founder and CEO of Wavee. "The added value can quickly translate into real savings."
How Wavee Works
On Wavee.com, the starting price for every product up for auction is always $0.00 (USD) and there is no minimum selling price. Each bid placed increases the product price by the pre-set auction increment and the timer is increased to a maximum of 20 seconds. The highest bidder when the timer reaches zero wins the auction item, typically at prices discounted up to 90 percent. Bids are priced at 60 cents each.
With the new Rewards Store program, Wavee members earn one "Wavee Dollar" per every dollar spent to purchase credits. The dollar-for-dollar discounts are redeemable in the Rewards Store for brand new consumer electronic devices and accessories, including laptops, smartphones, gaming consoles and software.
In addition, bidders who do not win an item at an auction's close or decide to end the bidding process early can purchase it at retail value, less the dollar amount of their submitted bids.
"At Wavee, we are constantly looking to develop new ways to reward our members - whether it's by stretching the value of a dollar through incentive programs, enhancing our product offering, or simply providing the most exciting and entertaining way to shop online," said Lai.
Wavee was founded by online entrepreneurs Lai, Terence Poon, Paul Tsyrlin and David Chan who sought to bring the fun and excitement of live auction online shopping mainstream.
About Wavee
Wavee creates a rewarding shopping and auction experience. The site allows consumers to bid on must-have items at steep discounts off retail via an exciting auction with the option to apply the full value of bid credits towards the purchase of the product. Wavee addresses gaps in existing auction sites by awarding bidders with bonus credits through a proprietary bonus program (reducing the implied bid-to-buy price), tools and analytics that give bidders additional insight, a Rewards Store and more ways to win.
Wavee is headquartered in Atlanta and more information is available at http://www.wavee.com.
Source: Wavee
CONTACT: Becky Biggs, Cohn & Wolfe, +1-404-260-3519,
rebecca.biggs@cohnwolfe.com
Web Site: http://www.wavee.com/
ATLANTA, March 17 -- Wavee.com (Wavee), a bid-to-buy online auction site that delivers an exciting and rewarding shopping experience, announced today the launch of its new Rewards Store -- a program that allows users to earn "Wavee Dollars" for each dollar spent and apply them as significant price discounts on high-demand, brand new consumer goods. This new program positions Wavee as the ultimate shopping destination where customers see a money multiplier effect. Win and pay less for the item you want AND earn a sizeable discount to apply to other products.
"While we are launching our new Rewards Store on St. Patrick's Day, this new program essentially takes all the 'luck' out of winning on Wavee as members become winners with every bid," said Jacky Lai, founder and CEO of Wavee. "The added value can quickly translate into real savings."
How Wavee Works
On Wavee.com, the starting price for every product up for auction is always $0.00 (USD) and there is no minimum selling price. Each bid placed increases the product price by the pre-set auction increment and the timer is increased to a maximum of 20 seconds. The highest bidder when the timer reaches zero wins the auction item, typically at prices discounted up to 90 percent. Bids are priced at 60 cents each.
With the new Rewards Store program, Wavee members earn one "Wavee Dollar" per every dollar spent to purchase credits. The dollar-for-dollar discounts are redeemable in the Rewards Store for brand new consumer electronic devices and accessories, including laptops, smartphones, gaming consoles and software.
In addition, bidders who do not win an item at an auction's close or decide to end the bidding process early can purchase it at retail value, less the dollar amount of their submitted bids.
"At Wavee, we are constantly looking to develop new ways to reward our members - whether it's by stretching the value of a dollar through incentive programs, enhancing our product offering, or simply providing the most exciting and entertaining way to shop online," said Lai.
Wavee was founded by online entrepreneurs Lai, Terence Poon, Paul Tsyrlin and David Chan who sought to bring the fun and excitement of live auction online shopping mainstream.
About Wavee
Wavee creates a rewarding shopping and auction experience. The site allows consumers to bid on must-have items at steep discounts off retail via an exciting auction with the option to apply the full value of bid credits towards the purchase of the product. Wavee addresses gaps in existing auction sites by awarding bidders with bonus credits through a proprietary bonus program (reducing the implied bid-to-buy price), tools and analytics that give bidders additional insight, a Rewards Store and more ways to win.
Wavee is headquartered in Atlanta and more information is available at http://www.wavee.com.
Source: Wavee
CONTACT: Becky Biggs, Cohn & Wolfe, +1-404-260-3519,
rebecca.biggs@cohnwolfe.com
Web Site: http://www.wavee.com/