November 03, 2010 16:05 ET

eZipIt™ Launches at Ad:Tech New York, Entices Users to Connect, Shop, Earn

Members of Private New Online Savings Club Accrue Cash Through the Three Degree Social Network

FT. LAUDERDALE, FL--(Marketwire - November 3, 2010) -  In today's economy, everyone is trying to save a buck. But, what if you could actually earn a few in the process? That's the idea behind the new website, introduced today at Ad:Tech New York, called eZipIt™.

eZipIt™ is a private, invite-only social shopping club where members can shop, save and earn cash. Once a part of eZipIt™, they have access to national offers on travel, entertainment, fashion, electronics, jewelry, fitness, beauty, home goods, and more. Many of these deals cannot be found anywhere else. 

eZipIt™ also has thousands of local offers. Members can find discounts in their own backyards, from their favorite restaurants to family attractions.

"For the small subscription fee of $9.99 a month, members can access thousands of dollars in savings," says Benzion Aboud, founder of eZipIt™. "There's no more clipping coupons, or searching multiple stores or websites for the lowest prices."

According to the Harvard Business Review, one of the key economic trends of 2010 is connected consumerism -- and eZipIt™ is pioneering the craze. Each member enjoys an online community of family, friends and colleagues linked together through the site, sharing information on deals, discounts, sales and purchases.

eZipIt's open enrollment continues through November 30^th, at which time membership will be by invite only. Once a member joins eZipIt™, they begin to accrue cash back through the eZipIt™ Three Degree Social Network. Using the eZipit™ software, they're able to invite friends throughout their social network using: e-mail, Facebook, Twitter, and LinkedIn. This is the first degree. Members of that group who accept can pass the invite onto their social network, or the second degree, who in turn invite their friends, or the third degree. Members earn a $15 payout for each person in their network who joins at the first, second and third degrees. Once a member cashes out, a check is cut and mailed. 

"I've spent millions over the years, advertising through traditional media," points out Aboud. "With eZipIt™, we are basically monetizing the most popular medium of all -- word of mouth. Why not give the money back to the people who use the site? It's a no brainer."

It's a concept that has social media experts excited. eZipIt™ was selected as one of only 11 companies to present to the media in a press conference at Ad:Tech New York, one of the largest gatherings of digital marketers in the world. That prestigious group of presenters also included Internet powerhouses such as Google and LinkedIn.

Another unique eZipIt™ feature is that participants have the option of donating a percentage of their earnings to charity. Members will have access to national charities, and can select the amount and the charity of their choice while checking out. These donations are tax-deductible, and an excellent way for members to help their favorite non-profit.

We are witnessing a new era of opt-in social shopping as the next stop in the evolution of ecommerce and social media. Consumers are enthusiastic about having the tools at their fingertips to tell friends, family and followers about their favorite products. eZipIt™ lets them do this!

Adds Aboud, "eZipIt™ is helping users save money and make money on things they already do every day. Why wouldn't they want to take advantage of that?"

About eZipIt

A division of Saveology.com, eZipIt is a private, online shopping club with a wide selection of special savings on travel, entertainment, fashion, electronics, jewelry, fitness, beauty, home goods and more. This invite-only referral network provides members access to discounts on both national and local offers and features daily deals. In addition to saving money, eZipIt™ uses the Three Degree Social Network to reward members when their friends sign up for the service. To check it out, head to www.eZipIt.com. 

About Saveology

Saveology.com® (www.Saveology.com) is a Fort Lauderdale, Florida-based online comparison shopping destination. Expected to exceed $100 million in sales in 2010, Saveology.com enables consumers to compare and save on such home services as cable, satellite television, Internet, telecommunications, home security and warranties, moving services, insurance and various financial products. Saveology.com's platform and search engine empower the seamless purchase and service installation of a broad range of nationally-recognized brands.

For more information on eZipIt™, contact Shamin Abas of Shamin Abas Public Relations at shamin@shaminabaspr.com or 561.366.1226.