London, United Kingdom (PressExposure) February 08, 2012 -- Galoo, the newly-established "pay what you want buyer's marketplace" a new, fun and excitinge-commerce social shopping hub which brings the art of negotiation online, has finally secured full patent approval from United States Patent Office with the rights of international extension.
The patent will help to set new precedents in how people negotiate and buy products and services at the price they want to pay in the online environment, bringing affordable purchases to the global masses, wherever they reside.
Galoo also adds the extra advantage of social shopping by allowing buyers to buy as a group and to invite sellers to participate in the negotiation. Galoo is not only about the price but about finding products and services that you want.
The benchmark patent is a result of years of painstaking research by the founder Alison Andrews and secures all forms of copyright protection for the business model. The patent covers a multitude of 'rights' that empowers Galoo to further invest in the development of the site and the complex back office infrastructure. It will also help to ensure growth and the delivery upon its promise to all the buyers around the world with the very best levels of customer service at the optimum performance for the customer, the consumer.
After recently surpassing its first milestone, after only three months in operation, with record breaking 'Likes' on its page within the Facebook social media platform, Galoo now confidently predicts a new surge of interest, once the commercial realization of how crucial a full patent approval is to its business model, its credibility, its future, in light of the planned Facebook IPO and the revelation of $1billion profit in 2011.
Alison Andrews, Galoo's CEO and co-founder states ''the full patent approval will enable us to rapidly acquire new investors in the business model and forward looking investors are not investing in just another commercial business proposition, but one that is secured by full patent protection under law dramatically increasing the value of the business and providing protection for investors.
Buyers and Sellers interested in closing profitable deals are using the intuitive, user friendly website, galoo.com, for its unique e-commerce concept in which Buyers can ask for what product and service they need, at the price they want to pay at a precise moment in time, while Sellers receive the benefit of discreet online negotiation filtered by location and other parameters.''
Galoo.com brings together both buyers and sellers of products and services from all over the world, allowing them to negotiate online for buyers to obtain the best price they can possibly get and for sellers to generate new customers and sell more. Galoo is unique in this respect, not only because buyers can make offers on products through the price comparison engine, 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.