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Comment by kineticac
How many emails will you send? You can setup a small server on slicehost, run a smtp server (you set it up) and write something like a quick rails app to do the work. I believe the cheapest slice on slicehost would be fine at $20 a month. Or go with Heroku and launch a rails app on it for free. It might have enough power to send out daily emails using a Sendgrid service. Sendgrid solutions are basically SMTP servers that handle a lot of things like analytics for you. Easy REST API and ridiculously simple integration with Heroku would be awesome.