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Just in time to make good use of that tax refund, Yowza, the much anticipated, location-based, coupon application for the iPhone and iPod Touch, has launched in the iTunes App. Store.

The concept of Yowza is simple-  launch it and it uses your location to automatically search for deals and coupons for stores in your immediate area.

Greg Grunberg, “that guy from the T.V. show Hero’s” is one of the co-founders of the application.  Yowza is free in the App Store. It is currently U.S. only but addional countries are planned in the future.

More information about Yowza can be gathered on the Yowza web site.

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