Discount Coupons Corporation (OTCPK:DCOU) signed a definitive agreement to acquire Vacation Travel Corp for $1.2 million in stock on July 31, 2015. Under the terms, Discount will issue 61.82 million shares for 13.17 million Vacation's shares. Upon closing, shareholders of Discount and Vacation will each own 50% of Discount's outstanding common stock shares.

Steven P. Martin, Discount's Chief Executive Officer and Directors; Bruce Sills as Director of Discount, Brian Pentecost as President and Steven P. Martin Chief Executive Officer will resign while Carl Dilley will be appointed as Chairman of the Board and Keith Holloway as Chief Executive Officer, Chief Financial Officer and Secretary. Brian Pentecost will remain as Director. The deal is subject to necessary regulatory actions, conversion of debt to equity and due diligence.

Board of Directors of each of Discount and Vacation has determined that it is desirable to affect this plan of reorganization and share exchange and has approved of the share exchange. The deal is expected to close on August 31, 2015.