Savefans! Gives Ticketing Power Back To Fans

Online, February 3, 2010 (Newswire.com) - (Los Angeles, CA) SaveFans!, an online offer-based ticket exchange, is named one of Mashable.com's GENIUS START-UPS, launching its fan-friendly website into the forefront of the secondary ticket marketplace.

SaveFans!, which has been operating in public beta since April 2009, is a ticket purchasing site based on the premise that buyers and sellers can negotiate ticket prices while fans enjoy some of the lowest fees on the market, producing the power to negotiate.

"The (ticket) marketplace is quickly becoming saturated with organizations attempting to capitalize on the same tired business strategy of selling fixed-price premium tickets or aggregating the same fixed-price ticket listings from a variety of websites. The problem is most of these tickets are improperly priced and often result in a poor buying experience and high pain quotient for fans. SaveFans!' unique negotiation process alleviates this pain by providing ticket buyers and sellers with a new and equitable opportunity," says SaveFans! founder and CEO, Wesley Brodsky.

The ticket marketplace is designed to facilitate efficient transactions. Buyers submit a maximum of three bids and sellers then have the ability to counter or confirm the offer.

"We encourage the buyer to make meaningful offers and encourage the seller to accept the first fair offer," says Brodsky.

SaveFans! operates with some of the lowest post-transaction fees in the secondary ticket marketplace - a flat $5 fee to buyers regardless of how many tickets they buy or how much they spend - and a 10% charge to the seller only if their tickets sell. Typical sites charge a 10% fee to ticket buyers on top of the ticket price, plus deduct a 15% fee off the sales price from ticket sellers. According to Mashable.com, "SaveFans! brings some sanity back to buying tickets... it is not catered towards the promoters/ticket agencies but rather to the fans themselves."

Additionally, SaveFans! has built a large presence across Twitter and Facebook, reaching more than 300,000 consumers through its proprietary social media applications.

About SaveFans!: Through a wide variety of best-in-class product features and a commitment to the fans, SaveFans! has become the default destination for ticket seekers looking to bargain. The website is easy for users to navigate and offers tickets to over 175,000 sports, concerts, and theatre events via multiple points of discovery. The site automatically geo-targets and recommends tickets to shows located within close proximity to the user. A "local search" engine further allows users to find tickets for events in a specific area taking place within a specified timeframe.
Media Contact: Stephanie Tsoflias, 610-659-8583, [email protected]