Two months old and already receiving awards

ATHENS, December30 th, 2011 – Galoo, the newly-established “pay what you want” e-commerce social shopping hub, has been distinguished with the ‘e-volution 2012’ award for its patented innovative business model by Athens University of Economics’ (Laboratory of e-commerce) together with Greece’s publishing company Boussias Communications. Galoo’s founders Alison Andrews and Manos Ioannidis have gladly accepted the distinction during the ceremony held at Onassis Cultural Foundation centre in Athens.
 
The ceremony was honoured with the presence of TRH Crown Prince Alexander and Crown Princess Katherine of Serbia, Alison Andrews’ parents.
 
“In the current economic environment, negotiation and bargaining have reached new levels of finesse and this is exactly what Galoo.com is providing to the market. Although buyers benefit from the savings of negotiation, Sellers might even benefit more, from the revenues and new clients received. Galoo.com is already changing the way people shop by bringing the art of negotiation to the online trade and shopping,” says Ms. Andrews.
 
“Although Galoo is offered worldwide, we are proud to have operations in the Balkans, it is very well liked and in this short time, we have had over half a million visitors on our website www.galoo.com and almost 20,000 Facebook likes. We are starting discussions with Investors in order to bring Galoo to its next phase”, says Mr. Ioannidis.
 
Operating on a BETA version, Galoo.com has succeeded in bringing together buyers and sellers of products and services from all over the globe, allowing them to negotiate online to each obtain the best price they can possibly get. Galoo is unique not only because buyers can make offers and/or deals on products but they can also ask sellers worldwide to “beat the price” on services. Galoo.com is being actively targeting the UK, Albania, Bulgaria, Bosnia & Herzegovina, Croatia, Cyprus, Greece, Montenegro, Romania, Serbia, Slovenia, Turkey and the United States, but will shortly expand elsewhere in Europe and the rest of the world. Supported by Greece’s Ministry of Competitiveness and Shipping, the ‘e-volution 2012’ rewards the most innovative best practices in Greece’s e-business. This year's edition submitted 80 entries from notable large and medium-sized companies from various business sectors. Two of Greece’s major banking institutions, Eurobank EFG and Piraeus Bank, have been among the winners of ‘e-volution 2012’.

Galoo.com Services Ltd.