Published: December 14, 2009
In Time for the Holidays, Sometrics Unveils 'Shop & Earn' In-Game Shopping Feed; Consumers Earn Virtual Currency By Shopping Online, Publishers Gain New Revenue Channel
LOS ANGELES - (BUSINESS WIRE) - Sometrics (www.Sometrics.com)
today launched a new in-game Shop & Earn Shopping Feed that enables
consumers to earn virtual currency for games when they make online
purchases at select brand-name retailers. Shop & Earn helps consumer's
purchases go further while generating revenue for publishers of
free-to-play games.
Much like earning airline miles or cash back when using a credit card,
people playing participating games online can use the Sometrics Shop &
Earn Shopping Feed to earn virtual currency for use within a
participating online game, extending and enhancing their game play.
Players looking to earn game currency simply click through the Shopping
Feed to get to their favorite participating retailers, purchase products
as they normally would, and watch their game credits increase.
Sometrics' feed includes hundreds of global shopping offers from
trusted, brand-name retailers. The transactions are fast, safe and
secure, and players can revisit the same merchants as many times as they
want for repeat buying.
"This is a no-brainer for publishers who want to give their players an
easy, safe and secure way to earn virtual currency and deepen their
participation in and loyalty to their favorite games," said Ian Swanson,
co-founder and CEO of Sometrics. "This is a loyalty program that taps
into a method consumers are already comfortable with - earning points or
virtual currency for purchases they would make anyway at their favorite
stores. It's a great way to start monetizing gamer users who don't want
to pay to play."
More than 200 million people worldwide play casual games (which are
often free-to-play), according to the Casual Games Association.
Free-to-play social games represent the largest and fastest-growing
segment of the U.S. virtual goods market, which will top $1 billion this
year and is expected to grow to more than $1.6 billion next year,
according to Inside Social Games.
For publishers of online games, Shop & Earn offers a new safe and secure
revenue channel and a way to enhance the game experience to keep players
engaged. After easy integration, a custom iFrame displays shopping
offers from major brands worldwide - aimed at attracting both hard core
gamers and non-paying users who want to earn virtual currency through
actions they would take anyway, like shopping for clothes or electronics
through their favorite online merchants. Intuitive navigation allows
users to browse by category - automotive, clothing, electronics,
flowers, etc. - or by individual retailer.
Sometrics' Shop & Earn Shopping Feed has gone live with several of the
company's publisher partners.
Sometrics launched the industry's first virtual currency platform to
help publishers manage payment options and optimize multiple offer
providers from a single dashboard. On average, Sometrics partners have
seen a 15 percent lift through optimizing third-party virtual currency
offer providers and ad networks. The Sometrics solutions have achieved
an average eCPM of more than $700.
For product demos, contact Jennifer Bartlett or Mickey Maher at demo@sometrics.com.
About Sometrics
Sometrics (www.sometrics.com)
pioneered social intelligence - combining deep, relevant social
analytics with precision-targeted ad serving capabilities to help
developers and brands monetize the social web. The company has adapted
its advanced targeting and optimization expertise to give online game
developers the first-ever full-service offer and payment management
solution. Sometrics provides one place to manage everything - all the
ads, all the offers, and all the offer networks - coupled with powerful
analytics capabilities that help publishers/developers analyze all
activity, down to detailed demographics. Sometrics has received funding
from Steamboat Ventures, Greycroft Partners, AT&T and was the first
recipient of capital from The Mail Room Fund, an investment consortium
that combines big Hollywood (the William Morris Talent Agency) with
Silicon Valley (Accel and Venrock). Sometrics is based in Los Angeles.
Edge Communications, Inc.
Ken Greenberg, 818-990-5001
ken@edgecommunicationsinc.com
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