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gifts.com acquires online gift certificate provider givefun.com
the #1 gifting destination online now offers the web's most flexible, convenient, e-mailable gift certificate
New York, NY – October 10, 2007. Gifts.com, an operating business of IAC (NASDAQ: IACI), today announced the acquisition of GiveFun.com, the innovative online gift certificate provider. As a result of the acquisition, Gifts.com now offers the Gifts.com Gift Card, the most flexible, e-mailable gift certificate service on the web.
To purchase a Gifts.com Gift Card, online shoppers simply visit Gifts.com/giftcards and enter the desired card amount, delivery date and recipient's information. Shoppers can also add a personal touch by selecting the gift card design and including a personalized message. The Gifts.com Gift Card is conveniently delivered to the recipient via e-mail or can be printed for hand delivery. Recipients of a Gifts.com Gift Card are invited to visit Gifts.com/giftcards to redeem it for their choice of hundreds of top merchants' gift cards spanning retail, travel and hospitality.
"In a little over 2 years, Gifts.com has become consumers' most visited and trusted site for gift ideas," Gifts.com CEO William Lynch said. "The acquisition of GiveFun.com, and today's launch of the Gifts.com Gift Card, expands our utility to consumers by offering a truly convenient yet thoughtful solution for their last-minute gifting needs."
Consumers purchasing and receiving Gifts.com Gift Cards will now be able to shop even more top merchants including Bloomingdale's, Gap, J. Crew, Panera Bread, California Pizza Kitchen, Barnes & Noble Booksellers as well as experiential options like Ticketmaster, AMC Theatres®, Regal Entertainment Group and Signature Days.
"Before now, consumers lacked a great last-minute online gift solution that did not involve costly shipping fees," Gifts.com CEO William Lynch said. "We feel confident that this strategic move solidifies our position as the number one site for consumers to turn to for all of their gifting needs."
The Gifts.com Gift Card joins Gifts.com's other innovative gifting tools, including the "Personality Profiler" and "Wish List" features, which give consumers the power to get the right gift for any recipient or occasion.
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Gifts.com is the # 1 gift recommendation site by offering consumers great gift ideas and interactive, personalized shopping services that enable them to become better, more organized gift-givers. Gifts.com combines editorial sourcing with its interest and personality-based gift finders to deliver the most relevant and unbiased gift options available, ranging from popular and trendy to unique and unexpected. Gifts.com is an operating business of IAC (NASDAQ: IACI).
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