TeamBuy.ca and DealFind.com: Set to be Acquired after Filing for Bankruptcy Protection

TeamBuy and DealFind

I found a couple interesting articles that sheds some light into why TeamBuy.ca and DealFind.com recently filed for bankruptcy protection:

A motion has been filed by the legal representatives of Couch Commerce Inc., the group that owns TeamBuy Inc., Dealfind.com Corp., and MenuPalace.com Corp., to approve its sale to nCrowd Commerce Inc. on Monday, September 22, 2014.

nCrowd is a company based out of US that has been buying up distressed deal sites since 2011. Other distressed deal providers that have been acquired by nCrowd include Tippr, Saveology, Spreebird, etc… The acquisition of Teambuy/Dealfind would enable nCrowd to enter the Canadian market in a leadership position.

Hopefully, this is good news and it’ll mean they’ll fix all their issues and be back soon. Teambuy is Canada’s largest based daily deals site with over 3.5 million members and is the second largest overall behind Groupon.com in Canada.

TeamBuy.ca and DealFind.com have Filed Bankruptcy

TeamBuy and DealFind

It has come to my attention that TeamBuy.ca and DealFind.com recently declared bankruptcy:

Dear Valued Customer,

Please be advised that as of Friday, August 29, 2014, Couch Commerce Inc., the parent company of TeamBuy.ca/Dealfind.com, has entered into a legal & financial restructuring process. Pursuant to the rules and regulations governing the restructuring process, we cannot honor TeamBucks issued on or before August 29, 2014 and issue any refunds related to purchases on or before August 29, 2014.

Please note the purpose of the restructuring is to provide the Companies with a more stable environment to continue operations and develop a plan that will allow us to continue in business. We appreciate your prior support and looking forward to continued support through this important process.

Sincerely,
Sarah
Manager of Customer Experience
TeamBuy.ca | Dealfind.com

I’m shocked and disappointed by the news. TeamBuy/DealFind was one of my favourite daily deals sites. I bought a lot of deals from them over the last couple years and never had any issues.

Allegedly, TeamBuy/DealFind is no longer offering refunds and has stopped paying their merchants. This has forced some merchants to stop accepting/honouring their vouchers. If you have any oustanding TeamBuy/DealFind vouchers that you haven’t used, your I suggest you contact the merchant and ask if they’re still honouring the voucher. If they’re not, you can contact TeamBuy to request a refund or call the number on the back of your credit card and request a charge back.

Because I can’t guarantee if any deals purchased from TeamBuy/DealFind will be honoured, I’m going to stop posting TeamBuy/DealFind deals on my blog. I will keep you posted and will let you know if I hear any updates about this matter. In the meantime, I will continue to work hard and find all the best deals by posting them on my blog.

UPDATE: I talked to TeamBuy (on Sept 15) and was told they are currently in the process of a corporate restructure. They are strengthening their financial position and will come back stronger then ever. They are expected to announce positive news as early as next week.

LAST CHANCE: TeamBuy Products: $15 for a One Piece Backless Swimsuit – Tax Included (69% Off)

Swimsuit1

Last Chance Reminder: I originally posted about this deal last week. Here’s a reminder that today is your last chance to buy the deal as it expires tonight. This deal is a hot seller! At the time of this post, they have sold over 800+ vouchers so don’t miss out!

TeamBuy and DealFind Hot Daily Deal of the Day: TeamBuy Products: $15 for a One Piece Backless Swimsuit – Tax Included (69% Off)

Buy now for only $
15
Value $49
Discount 69% Off
Save $34

Today’s TeamBuy and DealFind are both featured the same deal only costs $15 and it’ll get you a One Piece Backless Swimsuit – Tax Included! That’s a saving of 69% Off! You can stock up on the deal as you may buy unlimited vouchers for personal use and as gifts & the vouchers will NEVER expire!

Highlights

  • A classic look with a touch of modern flair.
  • Choose from fourteen colour combinations to suit your unique style.
  • The perfect get-up for your beach adventures!
  • Tags: women’s, women, apparel, swimwear, bathing suit, clothing, beach, bathing suits, swimsuits, swim

This deal is a hot seller. TeamBuy has already sold over 800+ vouchers at the time of this post.

This is a limited 6-day only sale that will expire at midnight on Thursday, April 24, 2014.

Click here to buy the deal on TeamBuy now or for more details.

Click here to buy the deal on DealFind now or for more details.

Read More “LAST CHANCE: TeamBuy Products: $15 for a One Piece Backless Swimsuit – Tax Included (69% Off)”

LAST CHANCE: TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)

Map

Last Chance Reminder: I originally posted about this deal last week. Here’s a reminder that today is your last chance to buy the deal as it expires tonight. At the time of this post, they have sold over 200+ vouchers so don’t miss out!

TeamBuy and DealFind Hot Daily Deal of the Day: TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)

Buy now for only $
16
Value $35
Discount 54% Off
Save $19

TeamBuy and DealFind are both featuring the same great deal today. For only $16, you’ll get a Scratch-and-Reveal Map of the World – Tax Included! That’s a saving of 54% Off! You can stock up on the deal as you may buy unlimited vouchers for personal use and as gifts & the vouchers will NEVER expire!

Highlights

  • The map starts off with an all-over sepia tone, which can be scratched off to reveal each country’s colour underneath.
  • This means that you can use it to mark places where you’ve been, or those that you plan on visiting!
  • It’s large and beautifully-designed, the perfect decoration for any wall in the house.
  • Tags: globe, travel, travelling, decor, art, vacation

This deal is a hot seller. TeamBuy has already sold over 200+ vouchers at the time of this post.

This is a limited 3-day only sale that will expire at midnight on Thursday, April 24, 2014.

Click here to buy the deal on TeamBuy now or for more details.

Click here to buy the deal on DealFind now or for more details.

Read More “LAST CHANCE: TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)”

HOT DEAL: Xtreme Gun Shooting Center – $49 for Admission, Handgun Rental and 50 Rounds of .22lr Ammo (51% Off)

Xtreme Gun Shooting Center

TeamBuy and DealFind Winnipeg Hot Daily Deal of the Day: Xtreme Gun Shooting Center – $49 for Admission, Handgun Rental and 50 Rounds of .22lr Ammo (51% Off)

Buy now for only $
49
Value $100
Discount 51% Off
Save $51

If you like playing first-person shooters but you want to spend the day off the couch away from your console, discover a more live-action way to practice your aim with the help of today’s TeamBuy and DealFind deal: $49 for Admission, Handgun Rental and 50 Rounds of .22lr Ammo from Xtreme Gun Shooting Center.

Highlights

  • Experience a truly exhilarating and exciting activity!
  • Fire off some rounds to practice your shooting aim and skill.
  • Great chance to try out a highly original activity that will give you a rush!
  • Friendly and knowledgeable staff will make your visit safe and enjoyable.
  • Open 7 days a week.
  • Offers the largest hand gun selection in Winnipeg.
  • Tags: activities, gift, range.

This is a limited 1-week only sale that will expire at midnight on Monday, April 28, 2014.

Click here to buy the deal on TeamBuy now or for more details.

Click here to buy the deal on DealFind now or for more details.

Read More “HOT DEAL: Xtreme Gun Shooting Center – $49 for Admission, Handgun Rental and 50 Rounds of .22lr Ammo (51% Off)”

TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)

Map

TeamBuy and DealFind Hot Daily Deal of the Day: TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)

Buy now for only $
16
Value $35
Discount 54% Off
Save $19

TeamBuy and DealFind are both featuring the same great deal today. For only $16, you’ll get a Scratch-and-Reveal Map of the World – Tax Included! That’s a saving of 54% Off! You can stock up on the deal as you may buy unlimited vouchers for personal use and as gifts & the vouchers will NEVER expire!

Highlights

  • The map starts off with an all-over sepia tone, which can be scratched off to reveal each country’s colour underneath.
  • This means that you can use it to mark places where you’ve been, or those that you plan on visiting!
  • It’s large and beautifully-designed, the perfect decoration for any wall in the house.
  • Tags: globe, travel, travelling, decor, art, vacation

This deal is a hot seller. TeamBuy has already sold over 150+ vouchers at the time of this post.

This is a limited 3-day only sale that will expire at midnight on Thursday, April 24, 2014.

Click here to buy the deal on TeamBuy now or for more details.

Click here to buy the deal on DealFind now or for more details.

Read More “TeamBuy Products: $16 for a Scratch-and-Reveal Map of the World – Tax Included (54% Off)”

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