Luxeyard, Inc. operates as member-based online marketplace for luxury home and other consumer related products. Services The company sources products from merchants and offers those products at deep discounts at retail prices to the members on its Website through a ‘flash sale’ or ‘daily deal’. It intends to expand its offerings to include other consumer goods, such as food and drinks, services and events, and gift cards. At the beginning of each event, members would receive an email describing the featured products and directing them to its Web site to participate. The company lists each event on the member homepage of its Website. Each event would remain on its site for three to five days, depending on demand and quantity offered. The company also features a ‘deal of the day’ whereby it would offer a single product on its Web site for a 24 hour period. Significant Events Acquisition of LY Retail-Texas: In November 2011, the company completed the securities exchange whereby it acquired all of the issued and outstanding membership interests of LY Retail-Texas. Competition The company competes with various group buying Websites, such as GroupOn.com, Gilte.com, OneKingsLane.com, and Woot.com.
luxeyard inc (LUXR:OTC US)
3415 South Sepulveda Boulevard
Los Angeles, CA 90034
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