SavingAdvice Has Been Sold

jeffrey · #1 (**permalink**) 04-01-2006, 04:21 AM

It is with a bit of sadness that both Nate and I have to announce that SavingAdvice has been sold. Nate and I have been talking to a couple of companies and a group over the past few weeks and didn't really think anything would come of it, but were made an offer we couldn't refuse. Both Nate and I feel it is several times what the site is worth and with so many other projects going on, we figure that we can use the money to spur them along.

The only regret we have is that it is being sold to a Pay Day Loan company - something that really goes against the whole saving money concept. We did have an offer from a group comprised of financial responsibility non profit organizations, but it was for a few thousand dollars less and even though it would probably of made a better fit for what we built at SavingAdvice, it came down to money for us.

The new owners have asked both Nate and I to stay on for the month to help with transition. We're not sure exactly how the new company will use the site and what changes they plan to make, but it is likely that it will focus mainly on the positive aspects of Pay Day Loans and promotion of their business.

While we still have the other sites, we had to sign a no compete contract so we're unsure what will happen to them. We'll either focus them in a new direction or sell them off - we haven't decided which yet. We should have plenty of time to make that decision. If any of you are interested in any of them, please let us know as we will be willing to part with them at a discount price considering what we received for the main site.

We'd like to thank all of you who came to make this place the truly educational site it was and we promise to drop in from time to time in the future to see what the new owners have done. As always, best of luck in all your saving.

Jeffrey & Nate

PS - To visit the site of the new owners Click Here

PrincessPerky · #2 (**permalink**) 04-01-2006, 05:45 AM

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
edit..

Oh well now that I see the owners, I can deal

Aldeya · #3 (**permalink**) 04-01-2006, 05:56 AM

Boy, I was upset! This is one of my absolutely favorite site!

But after looking at the new owner's site I think I can live with it.

LittleGopher · #4 (**permalink**) 04-01-2006, 06:10 AM

Ha, ha, ha. I think a few haven't caught on yet.

StressLess · #5 (**permalink**) 04-01-2006, 06:12 AM

Good one, Jeffrey--you had me going!

shawni · #6 (**permalink**) 04-01-2006, 06:16 AM

I can't imagine you guys selling out like that. At least the other site looks promising

Wixx · #7 (**permalink**) 04-01-2006, 06:42 AM

Heh heh, Princess messaged me at work to tell me the 'terrible' news.

PRICEPLUS · #8 (**permalink**) 04-01-2006, 08:11 AM

You got me!

Ima saver · #9 (**permalink**) 04-01-2006, 09:25 AM

That was the first thing I thought of. I am on a local forum and I told them today, that I got a job at a college, teaching cooking!! Since, I go out to eat every night, it didn't take long for them to figure it out. I am excited about learning more about pay day loans.

seaar2000 · #10 (**permalink**) 04-01-2006, 02:41 PM

I don't post very much, but I do like your site very much. When I read the article I thought oh my god! Another company that is going to make us pay for their garbage. My stomach went in knots! You got me! Very funny!

CJsoccerchic · #11 (**permalink**) 04-01-2006, 03:26 PM

Man... I was like... NO!!!!!!!!!!!!!!!!!!! How am I ever going to save Money?!?!?!? But.. Good joke dudes!!! I didn't even think about the date!!!

Happy April fools!

tigerstar · #12 (**permalink**) 04-01-2006, 08:34 PM

You got me too... I finally stopped by and couldn't believe what I was reading! My stomach is still trying to settle from the "news".

Single Mom Extraordinaire · #13 (**permalink**) 04-02-2006, 11:43 AM

Hahahaha! What's in line for next April Fool's Day? A partnership with Donald Trump? Cute joke.

goodhome · #14 (**permalink**) 04-02-2006, 04:23 PM

Beautiful. You got me. And really made me laugh! (After I figured out you got me. )

Fern · #15 (**permalink**) 04-03-2006, 01:01 PM

Oh my god, you really had me. what a terrible joke! i was really going to let you my scathing reply. Phew. Good golly.

Thrifty Ray · #16 (**permalink**) 04-03-2006, 03:07 PM

Until I clicked on the link, I kept thinking to myself, they are throwing all these fantastic folks to the wolves!...for a few thousand dollars...how the heck can they do this...don't they have any idea what this site will turn into??? I clicked on the link, felt instantly relieved and in the same instant I realized that you two have quite the sense of humor...

The joks was priceless...and worthy of a payback....hmmmm

Aldeya · #17 (**permalink**) 04-03-2006, 08:25 PM

Quote:

Originally Posted by Thrifty Ray

Until I clicked on the link, I kept thinking to myself, they are throwing all these fantastic folks to the wolves!...for a few thousand dollars...how the heck can they do this...don't they have any idea what this site will turn into??? I clicked on the link, felt instantly relieved and in the same instant I realized that you two have quite the sense of humor...

The joks was priceless...and worthy of a payback....hmmmm

Ha, I like the idea of a PAYBACK!

markio26 · #18 (**permalink**) 04-03-2006, 11:45 PM

glad to find out it was a joke!!!! love this site!!!

cicy33 · #19 (**permalink**) 04-04-2006, 08:15 AM

ME TOO! I was actually upset reading it and I almost didn't click on the link! glad I did and I totally agree, any payback plans I want to be a part of! I love this site! You have helped me more than you know.

Macrostymaid · #20 (**permalink**) 04-05-2006, 06:41 AM

Phew! As we get these here in Australia a few days later I made no connection with the April 1 date. Very relieved.

Macrostymaid