Deal A Day Group Corp. (the "Company" or "DADG") (OTC Pink Markets: DEEL) announces its sale of ownership interests in Olfactor Laboratories, Inc. ("OLI") and Nano Engineered Applications, Inc. ("NEA") to Innovation Economy Corporation ("IEC"). The Company has received 10,000,000 shares of IEC as consideration for the transactions. The sale of these assets allows DADG to concentrate on its core business in the daily deal market space but also potentially benefit as a shareholder of IEC which will focus on funding and progressing OLI, NEA, and its other stable of projects and investments.
About IEC
Innovation Economy Corporation, based in Riverside, California, commercializes innovative research, technology, products and services that prove to have high-growth, global-market potential. Through a proprietary due diligence process, involving a cadre of methods designed to identify risk parameters and associated mitigation activities to limit risk, Innovation Economy Corporation selects intellectual properties with immediate market potential.
About Deal a Day Group Corp.
The Company was founded in the wake of the massive growth and evolution of the multi-billion dollar daily deal market space. Headquartered in Long Beach, California, DADG's various business units focus on the Daily Deals/Group buying arena with products and services being developed for the print media, software and applications development arenas. Additional information about the Company is available at www.dealadaygroup.com.
Contacts:
Deal A Day Group Corp.
Katrina Van Duzee, 1-800-349-6095
info@dealadaygroup.com
www.dealadaygroup.com
