|By Marketwired .||
|June 23, 2014 11:30 PM EDT||
LOS ANGELES, CA--(Marketwired - June 23, 2014) - Los Angeles based e-commerce startup Clearance.co, a subsidiary of Development Capital Group, Inc. (OTCQB: DLPM) is pleased to announce today it will be launching a new and improved site design in July 2014.
VP of Technology, John Long said: "We are always working to improve our members' shopping experience, and we feel a new, more customer friendly platform design, will provide a big step towards that cause."
The ecommerce flash-sales site sells personal goods such as clothing, accessories, electronics and home furnishings at discounted prices. The company recently announced it reached 550,000 users and $2.1 million in revenue in its first seven months of trading.
Clearance.co is revolutionizing the shopping experience by bringing customers the finest quality, the best selection, the best service, and the lowest priced merchandise. Working directly with manufacturers and distributors, Clearance.co is the premier online destination for closeout and clearance products. Clearance.co is headquartered in Los Angeles, California.
About Development Capital Group:
Development Capital Group, Inc. (OTCQB: DLPM) invests in and develops businesses and technologies with significant potential for growth and customer acquisition. Analyzing market trends and looking for opportunities to leverage in-depth understanding of technologies to create efficiencies for under-serviced sectors. DLPM's mandate is to execute with businesses or teams that have proprietary tools or intellectual property but require funding and business development to grow the business and market share.
Development Capital Group recently announced its acquisition of Clearance.co, one of the fastest growing startup ecommerce websites in the world, acquired for approximately USD 40 million in an all-stock transaction.
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