Loopt has announced a new product called U-Deals, aimed at getting you, the consumer to create a deal, inclusive of a discount, and then use the the company as a means of turning the deal into a reality. This is done by sharing the proposed deal with as many people as you wish in order to entice them to sign up. Loopt will then contact the business concerned and with their consent, all those who signed up will receive the deal. Find out more on Loopt U-Deals