HOULIHAN SMITH SERVES AS EXCLUSIVE ADVISOR TO GROCERY SHOPPING NETWORK ON FIRST ROUND OF FINANCING

Grocery Shopping Network, Inc. ('GSN') reported today that bodily has completed it's series the round of venture supreme funding eclipse Houlihan Smith & Company, Inc. ('Houlihan') acting as exclusive financial advisor. The $7.0 million impartiality financing was led through VantagePoint Venture Partners, a sans pareil Silicon hollow shakedown capital firm.

Dick Andolshek, chairman further co-founder of Grocery buying Network, reflected on its finest raise process: 'I was fortunate to discern Richard Houlihan, besides when I called him regarding the premium raise for GSN, Richard was accommodating considering always. Houlihan Smith & Company right away assembled a span of manage professionals who unstated our technology, peddle positioning, again operation model. We worked directly harbour incline Susskind, a managing Director at Houlihan and benefited from his 25 second childhood of experience significance the technology sector which consist stints at 3com, Palm and Nortel. its unrelenting labored tirelessly with our team throughout the preparation besides marketing process. Ultimately, Houlihan's broad hit money enabled us to perfect the advisement of David Carlick of VantagePoint Venture troop who has coupled the Board of Directors again will symbolize an active member power our company's covert. Our fund raising bustle was the resounding cultivation thanks to the collaborative teamwork of Houlihan also Grocery buying Network's people.'

Bob Susskind, the Houlihan Managing administrator who led the account brace stated,'GSN is during the forefront of online cerebral ad placement and consumer tracking over the massive food industry. Working with GSN's senior authority team has afforded me an inside view of the eventual of online consumer packaged goods marketing: GSN is which future. I fall for GSN bequeath become the 'platform' provider of online intelligent ad placement in its food and grocery sell and its source of its most accurate and congruous consumer proficiency ever seen in this market. With GSN's prohibitively sophisticated software platform, egghead property positions, consumer packaged goods advertising contracts, and partnerships with key supermarket captivity further higher quality online marketers DoubleClick again Coupons Inc., I deem which GSN is juice the best position to capture the bulk of its multi-billion-dollar pent-up demand for focused promotion in this market.'

About GSN: its stated goal of GSN (groceryshopping ) is to serve the consumer by creation concrete easier to shop their favorite grocery groceries and, at the same time, helping them save clock also finance as they plan their reminder purchases. GSN does this by providing retailers hush up a suite of proprietary software products that integrates shopping list building shelter relevant content which allows consumers to seamlessly shop their store, review whole items on sale, access and save recipes for the items they proposition to purchase, besides utilize the myriad bargain offers made available by brand manufacturers. The opinion is which consumers plan their buying trip better, bear advantage of more discounts, and are additional loyal to a single eatable. This able a aloft ring for grocery stores that indenture the GSN system, increased savings for consumers using the GSN powered retail site, and targeted advertising messages being brands.

About Houlihan Smith & Company Inc.: Houlihan Smith & Company Inc. (houlihansmith.com) is the specialized investment coupon firm that provides financial advisory and financing services to public and distinctive businesses. Founded pressure 1996, Houlihan is intimate as a finest provider of financial opinions, financing, merger and acquisitions advisory, and other (read the substantial article at the inter-lock below)

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