Saturday, March 16, 2013

SaveAround Reacts to Bankruptcy of Top Competitor, Entertainment Publications

After Michigan based coupon book publisher, Entertainment, closed its doors on Tuesday, SaveAround's management announced that while their industry lost its largest competitor, their business is growing and will continue to be a reliable partner for fundraising groups and merchants across the country. While both Entertainment and SaveAround are recognized as distributors of money saving coupons, SaveAround emphasizes that, at its roots, it is a fundraising company and its mission is to help schools and non-profit groups. Over the past few years, Entertainment Publications shifted focus from its fundraising division toward direct to consumer sales, mobile sales, and private label content. With Entertainment’s sudden closure, SaveAround became the nation’s leader in the coupon book industry. “What do you do when you suddenly find out your number one competitor no longer exists? It’s unfortunate to hear about the hundreds of jobs lost, fundraising contracts that might go unfulfilled, and the uncertainty of customers, but with any change does come opportunity. Our company is in a nice position to help on all fronts,” said the President of SaveAround, Luke Stanton. Read more at http://www.prweb.com/releases/savearound/coupons/prweb10533708.htm

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