iDerive, Inc. Reveals Plans for Innovative Online Discount Pricing Program - -- Newest Entrant in the Alternative Pricing Mechanism Category Will Deliver Deep Discounts on Automobiles, Hotels, Consumer Electronics and Airline Tickets
NEW YORK--(BUSINESS WIRE)--May 31, 2000-- iDerive, Inc., will be breaking new ground in the Internet-based field of alternative pricing mechanisms (APM) with an innovative new program that pays consumers up front and provides opportunities to obtain deeply discounted prices on everything from airline tickets and hotel rooms to automobiles and palm pilots. The iDerive web site address is
At its debut, iDerive will introduce its patent-pending APM, called Get Paid To Save(TM). Get Paid to Save(TM) will empower consumers by giving them the chance to be rewarded for their flexibility while offering them access to exceptional deals. iDerive will not only give consumers access to uniquely steep discounts, it will also provide them with an immediate cash reward just for committing to a purchase. Consumers can browse iDerive's vast selection of inventory, place an advance order on the item of their choice, and will immediately be sent a check while they wait to hear if their choice is available. Whether or not it's available, every consumer keeps the cash.
In addition, iDerive's unique pricing mechanism offers suppliers a valuable new revenue management tool. iDerive suppliers benefit from better demand forecasting and control over inventory management and pricing by locking consumers into sales of products while retaining the option to sell those products elsewhere at higher prices should demand materialize for them. Suppliers will be able to secure these purchase commitments through iDerive by offering consumers who place advance orders an immediate cash payment and the prospect of a deeply discounted price.
iDerive consumers, who are paid up front for their flexibility about product availability, will be notified whether or not the sale will be made by the pre-determined date, which will be posted on the iDerive web site along with the product's price and up front payment premium.
Mark Nordlicht, founder and CEO of iDerive, Inc. and inventor of the Get Paid to Save(TM) mechanism, made the announcement of the site's debut. He said, "We are proud to be the category leaders in this exciting new space. We look forward to providing consumers with a 'win-win' proposition. As a result of using iDerive, consumers will collect free money and likely land a deal that is not otherwise available in the marketplace."
Due to the intensely competitive environment of the Internet industry and the proprietary nature of the iDerive mechanism, iDerive has been moving quickly to secure its place in the marketplace. iDerive will be launching its mechanism in automobiles and hotels this summer. Consumer electronics and airline tickets will be added in the fall. The iDerive vision for the future is to apply the Get Paid to Save(TM) mechanism across a wide array of industry categories.
"At iDerive, we believe the Internet companies that have staying power will be those that provide added value to both sides of the e-commerce transaction." Mr. Nordlicht added. "Our ability to create a new category with the APM arena will serve us well as we seek to expand in the future."
While companies such as
Headquartered in New York City, iDerive is positioned to solidify its place as a leader in the next generation of e-commerce.
ABOUT iDERIVE -Get Paid To Save(TM)
iDerive was founded in October 1999 with the vision of applying financial-based derivatives pricing to the marketplace for consumer goods and services. iDerive's core offering, the 'supplier put option," is the Get Paid To Save(TM) patent-pending pricing system where consumers get paid money for the probability of landing deeply discounted deals on air travel, automobiles, and consumer electronics. Using iDerive, consumers get paid cash up front in exchange for committing to a great deal in the near future - which will take place at the suppliers' discretion. iDerive suppliers benefit from better demand forecasting and control over inventory management and pricing by locking consumers into sales of products while retaining the option to sell those products elsewhere at higher prices should the demand materialize for them. iDerive will be applying its unique pricing mechanism across a wide variety of industries. With its headquarters in New York City, iDerive is moving quickly to solidify its position as a leader in the next generation of e-commerce.