Ebates.com launches discount rebate site

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Ebates.com, a new online company that delivers rebates of up to 25% to people who purchase products online, launches today. The site links to more than 40 online retailers including Amazon.com, CDnow, Reel.

com, eToys and Beyond.com. Ebates.com allows users to register for a free e-mail account that they use when purchasing products from affiliated online retailers. After the purchase is made, consumers receive rebate checks in the mail.

No advertisers have currently signed on for the site launch; President-Chief Operating Officer Paul Wasserman said he will approach advertisers in three to six months once the site has generated a significant user base.

Copyright May 1999, Crain Communications Inc.

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