Thrive World Wide (TWWI) doubles price on company news
Posted on: April 20th, 2011Written by:
Thrive World Wide (OTCBB: TWWI) better than doubled its price by midday Wednesday, on volume topping 2.2 million shares, after reporting that the online social shopping network has bolstered its sales presence in the San Diego area. Price for Thrive’s stock climbed 120.8% to 2.65 cents, although still well below its 52-week high of 26.5 cents set last May.
Thrive announced today that the Company, based out of Lake Geneva, Wisconsin had hired an experienced retail sales team with deep roots in the San Diego community. This team will be responsible for acquiring merchants to market their daily deals on DailyHotDeal.com.
Newly-appointed Chief Executive Office of Thrive, Wendy Borow-Johnson commented on the news, “We feel that San Diego is a vital market for the success of our DailyHotDeal offerings. San Diego has embraced the Daily Deal concept and consistently is one the top performing regions in the country.”
The San Diego metropolitan area has a population of just over three million. In addition, San Diego hosted 30 million visitors in 2009. Many tourists have begun using Daily Deal sites to plan activities when vacationing. DailyHotDeal will take this into consideration when choosing its deals.
Thrive World Wide, Inc., through its wholly-owned subsidiary Daily Hot Deal, is the newest entry into the social shopping Deal of the Day business. Daily Hot Deal is differentiating itself from its competition by creating a Video Spotlight for each participating merchant at no charge to the business. This gives the business a branded video piece and our members get the opportunity to watch the video and see features of the deal and the business that is featured.
