Lockerz Named Finalist for Washington Technology Industry Association's Best Early Stage Company of the Year

SEATTLE, Jan. 11, 2011 /PRNewswire/ -- Lockerz, a leading social commerce company, announced today that it has been named a finalist for the Best Early Stage Company as part of the Washington Technology Industry Association (WTIA)'s 16th annual Industry Achievement Awards (IAA). The awards recognize Washington State companies, organizations and individuals who best demonstrate technology and service innovation and excellence. For more information and to register for the event, go to: www.washingtontechnology.org/IAA.

"These finalists represent the most creative and innovative companies and individuals in our industry and deserve the highest congratulations," said Susan Sigl, president and CEO of the WTIA. "We're fortunate to live and work in a state with such a diverse and vibrant technology community. I wish each finalist the best and look forward to revealing the winners in February."

Launched in March of 2009, Lockerz has grown quickly to more than 17.5 million members worldwide.  Lockerz rewards members for doing what they love online.  Members earn PTZ™ (Points) by connecting with friends, viewing content and shopping in Locker boutiques.  PTZ are then redeemed for discounts of up to 100% on the world's hottest brands.

Lockerz launched its social commerce platform, fwb;, in October of 2010.  On fwb;, members have Lockerz that showcase things they are passionate about in the form of Decalz (akin to badges), including videos, movies, games and fashion.  Decalz are earned every time members connect with friends, play content or shop.  When a Lockerz friend clicks on a Decal in another member's Locker, both members earn PTZ.  If a friend purchases a product or views a video in-full after clicking on a Decal, both members earn significantly more PTZ.  As members accumulate PTZ, they can use them for discounts on merchandise in Lockerz Boutiques.  New boutiques launch every Tuesday and feature brands such as 7 for All Mankind, Alex & Ani, Splendid, Rock & Republic, Matt Bernson, Quiksilver, Nintendo, and Xbox 360, to name a few.

The entire Lockerz team is honored to be a finalist among a group of such distinguished, innovative technology companies," said Kathy Savitt, founder and chief executive officer of Lockerz.  "We believe that Washington State is the best place in the country to build a company, which is why we moved relocated our headquarters here."  

About the Washington Technology Industry Association

The Washington Technology Industry Association, founded in 1984, is one of the largest statewide associations of technology companies, IT departments and individual technology professionals in North America. With more than 1,000 members representing more than 125,000 employees in Washington State, the association is a catalyst for sharing expertise, fostering collaboration, delivering key business services and advancing the value and global impact of technology companies doing business in Washington. The association's global partners are Microsoft, Regence BlueShield, Vertafore and Wells Fargo Insurance Services. The association's funding partners are F5 Networks, HTC, Microsoft, Moss Adams LLP, RealNetworks, Regence BlueShield, Vertafore and Wells Fargo Insurance Services. For more information, go to www.washingtontechnology.org.

About Lockerz

Based in Seattle, Lockerz' mission is to be the homepage for men and women ages 13 to 30, building a community of more than 17.5 million trendsetters and tastemakers who love to shop, play and connect on the Web.  Lockerz rewards members for doing what they love online, offering major discounts on the coolest fashions, electronics, music and more. Members earn PTZ® (Points) by watching videos, listening to music and inviting friends. Lockerz PTZ are then used to lower the prices of merchandise at-will. Lockerz was founded by former technology and retail executive Kathy Savitt, and is backed by Liberty Media Corporation and Kleiner Perkins Caufield & Byers.

For more information about Lockerz, please visit www.Lockerz.com.

SOURCE Lockerz