Discount Coupons Corporation entered into a purchase agreement to acquire the operational assets of Conejo Deals Inc. for $1.3 million.

Discount Coupons Corporation (OTCPK:DCOU) entered into a purchase agreement to acquire the operational assets of Conejo Deals Inc. for $1.3 million on July 1, 2014. Discount Coupons is required to pay $0.75 million in cash, $0.5 million convertible note, 0.1 million common stock shares, and other common stock consideration based on certain gross billing levels. Discount Coupons Corporation has sufficient funds to fund the deal.

Conejo Deals' Founders Robert Jaffe and Wendy Jaffe will join Discount Coupons. The closing date of the purchase agreement is expected to occur no later than October 20, 2014.