Inspiration meets innovation at Brandweek, the ultimate marketing experience. Join industry luminaries, rising talent and strategic experts in Phoenix, Arizona this September 23–26 to assess challenges, develop solutions and create new pathways for growth. Register early to save.
CHICAGO — Auditors expressed concern about struggling Coolsavings.com Inc.’s ability to stay in business as the online-marketing company said it violated some conditions attached to its lines of credit with banks and forecast a sharp drop in first-quarter revenue.
The firm also increased reserves for bad debt and deferred recognition of revenue from some of its electronic-commerce customers.
CoolSavings offers coupons, savings-incentive programs and shopping information to consumers on its Web site. It sells consumer data to online and traditional retailers as well as manufacturers.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in