Beta version of the first user generated discount platform available today in New York City before the holiday shopping season 

NEW YORK (December 1, 2009) Postabon (www.postabon.com), the first user generated discount platform that helps consumers find and share local in-store deals, is launching the beta version of its platform in New York City today. Users upload information about great local discounts via Postabon's mobile web app or web site; these recommendations are then placed in a searchable list of relevant, user-tested discounts happening in the area right now.

Finding a great deal on Postabon is as easy as searching by category, proximity, rating or keyword. Postabon's home screen recognizes the user's current location and displays a map pinpointing the most relevant user tested deals nearby. Over time, the company will provide increasingly relevant discount results as users create profiles, search, post and vote on deals in their area.

Posting a deal is simple and takes the same amount of time it would take to send a text, tweet or post a Facebook status update. Deal finders are asked to enter basic information on the deal, such as the name of the store offering the discount, the expiration date and one of four deal categories - Eat, Shop, Entertain or Miscellaneous. The deal is automatically geo-tagged and uploaded to the Postabon platform in real time. Users can comment, save and assign ratings to deals. Each post is referred to as a "bon," the French word for "good," to signify a good contribution to the Postabon community.

No good deed on Postabon goes unnoticed, so each time a user uploads a deal, they are rewarded with Karma points that push their profiles onto Postabon's Karma Board of leading contributors. Users can compete for the best Karma by region or deal category each week. Similar to Twitter, Postabon users can follow other users whose recommendations they find valuable and track new deals through a following feed.

Harvard Business School students Stuart Wall and John Buchanan partnered with Shaneal Manek of Harvard University to co-found Postabon in 2009. The team's student loans inspired them to become deal finders as they self funded the development of the Postabon after graduating in June of this year.

"Most people aren't aware of the best discounts around them and too often miss out on what would be a really great deal for them. Our goal is to not only capture a high concentration of discount ideas, but also identify those that are high value and of specific interest to each user." said Stuart Wall, co-founder and CEO of Postabon. "Until now, there has never been a comprehensive source of user-generated deal recommendations available online and from mobile devices. By connecting like-minded deal finders through Postabon, we hope to be a valuable resource this holiday shopping season and beyond."

Later this month, Postabon is introducing an iPhone app to further help holiday shoppers find last-minute deals. Other future plans include adding more cities to the Postabon network and opening the platform to allow advertisers to share their deals with the community in a transparent matter.

To get started with Postabon on an iPhone, Palm Pre, Android phone or on your computer, visit www.postabon.com.

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About Postabon

Postabon is the first user generated discount platform that helps consumers find and share the best nearby deals. Available as a mobile web app or web site, users upload posts about great local deals, which are then placed in a searchable list of relevant, user-tested discounts happening in the area right now. Finding a great deal on Postabon is as easy as searching by category, proximity, rating or keyword. Postabon was co-founded by three Harvard students, Stuart Wall, John Buchanan and Shaneal Manek, whose combined experience spans start-up companies, strategy consulting and principal investing. For media inquiries, please contact Lauren Sanders of Dittoe Public Relations at 317-202-2280 or This e-mail address is being protected from spam bots, you need JavaScript enabled to view it For more information, visit www.postabon.com.