M2 PRESSWIRE-February 1, 2011-Thewallstreetleader.com: a[euro]oeShopping Arounda[euro] a[euro]" eLayaway, Inc. (ELAY) & Amazon (AMZN) Stock News(C)1994-2011 M2 COMMUNICATIONS
RDATE:01022011
Boston, MA -- eLayaway, Inc. (OTCBB: ELAY); Amazon (NASDAQ: AMZN)
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Company News: As Layaway Grows in Popularity, More Merchants Are Using eLayaway to Manage Their Programs
TALLAHASSEE, Fla., Feb 01, 2011 - eLayaway, Inc. (OTCBB: ELAY), the Internet's first and only patent pending layaway payment processor, announced today that January 2011 saw the Company's biggest increase in merchant acquisitions and new merchant inquiries. Although only twelve new merchants were chosen to join the eLayaway network last month, the diversity of their offerings will provide eLayaway members with more variety and some unique niche products. Backyard Discovery (swingsetsonline.com) and eSpecial Needs (eSpecialNeeds.com), both new eLayaway merchants for 2011, are perfect examples of how eLayaway can serve markets beyond those traditionally served by layaway programs of the past.
eLayaway, Inc. closed at $0.085 on Monday, trading 54,925 shares.
About eLayaway
eLayaway is an online payment system that allows consumers to pay for the products and services they desire using manageable periodic payments, thereby making purchases affordable and easy to budget. Payments are automatically drafted from the consumer's designated bank account via Automated Clearing House ("ACH") on the modifiable schedule set by the consumer at the time of purchase. A flat 1.9% transaction fee is charged to the consumer and all payments are held in an account in trust at HSBC Bank and transferred to the merchant once full payment has been made. Like traditional layaway programs of the past, delivery of the product or service occurs once payment is complete. Payment processing and supporting services are handled by eLayaway while merchants provide order fulfillment. For many online merchants, eLayaway offers an opportunity to provide layaway to their customers as a means to expand market share while reducing the administrative requirements of traditional layaway. Merchants are now turning to payment alternatives such as eLayaway in order to take advantage of opportunities that increase sales and profits. Today, approximately one-half of all consumers do not qualify for credit. eLayaway provides an alternative payment method that allows these consumers to make the purchases they desire while enabling merchants to sell additional products on an immediate basis. In addition to eLayaway.com, the Company also owns and operates eLayawaySPORTS.com, eLayawayTRAVEL.com and eLayawayHEALTH.com. eLayaway, Inc. was founded in 2005. Press summary, logos and screenshots available for download at: eLayaway.com/press.
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Company News: The Domino Project Announces: "Poke the Box"
SEATTLE February 1, 2011 - In December, international-bestselling author Seth Godin and Amazon (NASDAQ: AMZN) announced a new publishing imprint, The Domino Project-the first to use Amazon's new "Powered by Amazon" publishing program. Now Godin and Amazon are unveiling the first book-written by Godin-from The Domino Project, "Poke the Box," which will be published worldwide on March 1.
Amazon closed at $169.64 Monday, trading 6,718,700 shares.
About Amazon.com
Amazon.com, Inc. (NASDAQ:AMZN), a Fortune 500 company based in Seattle, opened on the World Wide Web in July 1995 and today offers Earth's Biggest Selection. Amazon.com, Inc. seeks to be Earth's most customer-centric company, where customers can find and discover anything they might want to buy online, and endeavors to offer its customers the lowest possible prices. Amazon.com and other sellers offer millions of unique new, refurbished and used items in categories such as Books; Movies, Music & Games; Digital Downloads; Electronics & Computers; Home & Garden; Toys, Kids & Baby; Grocery; Apparel, Shoes & Jewelry; Health & Beauty; Sports & Outdoors; and Tools, Auto & Industrial. Amazon Web Services provides Amazon's developer customers with access to in-the-cloud infrastructure services based on Amazon's own back-end technology platform, which developers can use to enable virtually any type of business. Kindle, Kindle 3G and Kindle DX are the revolutionary portable readers that wirelessly download books, magazines, newspapers, blogs and personal documents to a crisp, high-resolution electronic ink display that looks and reads like real paper. Kindle 3G and Kindle DX utilize the same 3G wireless technology as advanced cell phones, so users never need to hunt for a Wi-Fi hotspot. Kindle is the #1 bestselling product across the millions of items sold on Amazon.
Amazon and its affiliates operate websites, including www.amazon.com, www.amazon.co.uk, www.amazon.de, www.amazon.co.jp, www.amazon.fr, www.amazon.ca, www.amazon.cn and www.amazon.it. As used herein, "Amazon.com," "we," "our" and similar terms include Amazon.com, Inc., and its subsidiaries, unless the context indicates otherwise.
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