Thursday, September 6th, 2012
Building and renovator group-buying website has fully subscribed and closed its first round of structured capital raising.

The company has successfully raised $150,000 and has opened its second round to raise a further $150,000.

The new share price for round two, offered at three cents per share, is a fifty percent increase on shares bought in round one and provides an immediate upside for original investors.

Trade Saver managing director Tobias Diamandopoulos says filling the first round is a major milestone for the company as it moves from start up phase to growth stage.

“The Trade Saver website has been steadily gaining popularity through a number of marketing and affiliate initiatives, and investors have definitely seen the opportunity in the business,” Mr Diamandopoulos says.

“As with any start up there has been a number of people watching our progress and waiting for the right time to invest, and closing the first of three rounds certainly provides us with the momentum we need.

“We now expect to close the second round quickly before embarking on the third and final round to raise $550,000 at four cents per share.”

Trade Saver is the first group buying platform specialising in trade based products and services for the building and construction industries, including the quickly evolving renovation market, providing users more for their money through heavily discounted deals.

The company launched its Trade Saver website in April and has since signed up independent hardware chain Hudson Building Supplies, Queensland based Bretts Hardware, several Mitre 10 franchisees as well as numerous trades and building supply companies.

Trade Save has also entered into a number of high profile affiliate agreements including Fairfax Media owned OMG, which has over 30,000 Australian websites across over 60 industry categories, and national trades magazine The Tradie.

The company is also in negotiation for a trade focused education campaign through the RSPCA Queensland, all of which are aimed at reaching millions of potential new subscribers each month.

For more information on Trade Saver visit the Company Listing Profile on Wholesale Investor.

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Building and renovator group-buying website has fully subscribed and closed its first round of structured capital raising.



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