MOUNTAIN VIEW, Calif., June 22, 2011 – Loopt (www.loopt.com) today introduced Loopt u-Deals, the first service that allows consumers to request local deals. With Loopt, users can create and promote their own deals, turning a local business’s best customer into its biggest advocate.

Loopt’s real-time deal alerts and u-Deals combine into an essential app for consumers to forge connections with local businesses and save money. Loopt u-Deals empower consumers to easily request a deal on their phone in three steps:

1. Create it. Pick the place and customize the deal request (choose the photo, pick the discount amount and add a deal description).
2. Make it happen. If the deal passes Loopt’s review, then the deal will be in play. Now it falls to the user to rally local friends to sign up for the deal.
3. Get it. Loopt contacts the business with the u-Deal details, and if the business approves, the deal is on. Everyone who committed will receive the deal, and some deals will remain open for a limited time for additional users to buy in.

Daily-deal sites are great for discovering new places, but consumers especially love when a deal appears at one of their favorite spots or someplace they’ve been wanting to try. For consumers, Loopt u-Deals offer a strong deal alternative. A construction worker, perhaps, isn’t interested in manicure deals. A vegetarian, maybe, wouldn’t care to see deals for a steakhouse. Both of these users can go in and request deals at places that truly spark their personal interest.

“Loopt u-Deals are truly a team effort – deal creators, their friends and family, Loopt, and local merchants all come together to make them happen,” said Sam Altman, co-founder and CEO, Loopt. “If we can continue to make local business connections simple, fun and rewarding for mobile users, we’ll start to see much stronger social ties within local communities nationwide.”

Loopt is working with ChompOn, a web-based group-buying platform, to process Loopt users’ u-Deal purchases.

Loopt u-Deals is available today on the Loopt Android app in the San Francisco Bay Area. The feature will roll out for additional locations and mobile platforms in the coming months.

About Loopt

Loopt is a social service that connects people to their community. Loopt’s mobile application and website give users the inside scoop wherever they go – tapping into local intelligence about places, making it easy to find friends and track down the best deals. Devices with Loopt include iPhone, iPod Touch and Android. Loopt has more than five million registered users in the U.S. and offers a variety of intuitive privacy controls to its users. Loopt is based in Mountain View, Calif.

Find Loopt at www.loopt.com, www.twitter.com/loopt and www.facebook.com/loopt

CONTACT:

Sharon Howell

Loopt

650-230-6069

press@loopt.com