SaveDaily's Chairman Interviewed on CNBC

SEAL BEACH, Calif., Jan. 23, 2012 /PRNewswire/ -- SaveDaily, Inc. (OTCBB: SAVY), one of the leading providers of low cost mutual fund investing platforms used by financial institutions, has announced its Chairman Harry S. Dent Jr. was recently interviewed by Rick Santelli (see interview here) on CNBC regarding the effect of baby boomer demographics on the U.S. economy. In the interview, Dent stated that "2012 is the year that baby boomers get serious about saving."

This is where SaveDaily comes in with its partners including credit unions, banks and other financial service providers that are adopting the SaveDaily platform. An example is Patelco Credit Union, a $3.6 billion dollar credit union and the 4th largest credit union in California which now offers SaveDaily's mutual fund investing platform to their customers at an extremely low cost under their own trusted brand. For one low flat monthly charge, Patelco investors can have unlimited positions and unlimited transactions in mutual funds without transaction fees. 

Eliminating the need for high initial amounts to open an account and requiring ongoing contributions, this unprecedented model provides greater opportunities for average savers to plan and execute their savings goals by allowing them to invest conceivably as little as a penny when and how they want.

The company has announced that an on-demand webinar hosted by the Credit Union Times is now available (access here) to financial institution managers who are looking to add valuable new services to their existing and new customers.

The webinar features a presentation by renowned economist and SaveDaily Chairman Harry S. Dent, Jr and is followed by a Q&A session with SaveDaily CEO Jeff Mahony. When it comes to saving money, most consumers have limited choices. Unless they have a high net worth, professional financial advisors are reluctant to spend a lot of time with them.  At the same time, savers are looking for an alternative to low interest rates on savings accounts and CDs. They are wary of retail mutual funds and potential commissions and fees.

Webinar moderator Mark Hoaglin, VP of Investment and Insurance for Patelcorp, a division of the $3.4 billion Patelco Credit Union, was an early adopter of the platform. "We believe that the SaveDaily platform can have a tremendous impact, as the number of consumers who can utilize it is vast. Your average saver doesn't have the time and resources to pick individual equities and they can use the experience of professional money managers in the mutual funds to guide their investments."

According to SaveDaily President Greg Vacca, "Credit unions, banks, and other financial service providers are actively searching for ways to offer more to their consumers, while keeping a margin for operations. We uniquely fit this niche and are eager to explain how these service providers can implement the SaveDaily offering under their own brand. This webinar is a great step in that direction."

About SaveDaily, Inc.
SaveDaily offers investments and record-keeping services to its intermediary partners, as well as directly to clients through a variety of white-labeled interfaces. SaveDaily owns its proprietary financial services platform which has been in production for about three years, helping financial intermediaries succeed in bringing suitable and affordable investment services to everyday savers and investors.  SaveDaily, through its financial services partners, has the capability of making virtually all mutual funds available to its clients. SaveDaily conducts its business through its wholly owned subsidiary, SaveDaily.com, Inc., which is headquartered in Seal Beach, California and is a Registered Investment Advisor with the Securities and Exchange Commission.  For more information, visit www.savedaily.com.

Forward Looking Statements
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by SaveDaily may not proceed as contemplated, and by all other matters specified in SaveDaily's filings with the Securities and Exchange Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. SaveDaily does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information. Assumptions and other information that could cause results to differ from those set forth in the forward-looking information can be found in the SaveDaily's filings with the Securities and Exchange Commission, including its recent periodic reports.

Company Contact:
Jeff Mahony, CEO
(562) 795-7000

Investor Contact:
Capital Market Relations
Chris Rosgen
(949) 481-9739

SOURCE SaveDaily, Inc.