SOURCE: AuctionDrop

June 29, 2005 09:00 ET

AuctionDrop Selected by AlwaysOn as Top 100 Private Company Award Winner

eBay Titanium Power Seller Recognized for Strong Business Growth

FREMONT, CA -- (MARKET WIRE) -- June 29, 2005 -- AuctionDrop (www.auctiondrop.com) today announced that it has been chosen by AlwaysOn as one of the Top 100 Private Company award winners. AuctionDrop was handpicked by the AlwaysOn editorial team based on a set of five criteria -- innovation, market potential, customer adoption, media buzz and investor value creation.

The AO 100 was selected from over 1,000 companies, peer-nominated by leading venture capitalists, investment bankers and industry analysts. The AO 100 consists of private companies at all stages of development, from early to late stage.

AuctionDrop helps everyday Americans leverage the enormous eBay® community. The leader in the industry as measured by sell-through rate and average item selling price, AuctionDrop creates expert listings with professional photography and delivers sell through rates of over 93%. AuctionDrop has sold more than 40,000 unique items from all across the United States and maintains a positive eBay feedback rating of over 99.8%. Since its inception in 2003, AuctionDrop has received more than 30,000 positive feedbacks on eBay from highly satisfied customers all across the country. This milestone underscores AuctionDrop's position as one of the most trusted sellers on eBay.

"The AO 100 companies are shaping today's web-driven, connected environment," said Tony Perkins, founder and editor of AlwaysOn. "We were inundated with nominations from leading companies, many of which I hope will appear on our list next year. My congratulations to each AO 100 winner -- these are the companies which we predict will have the greatest market traction, strongest innovation and most game-changing approaches this year."

"We are thrilled to be recognized by AlwaysOn and included in their top 100 private companies list," said George Northup, chief executive officer of AuctionDrop. "The eBay community continues to grow and we are well positioned to help consumers leverage eBay as part of their daily selling and buying habits. We look forward to building on our success as the market continues to evolve."

The AO 100 will be honored at the AO2005: Innovation Summit at a VIP reception at 5.00pm on July 19, 2005 at the Frances C. Arrillaga Alumni Center on the Stanford University campus in Palo Alto, California.

About AuctionDrop

AuctionDrop is the first company dedicated to providing a simple, fast and convenient way to sell goods on eBay. Anyone, anywhere in the United States can AuctionDrop their items at The UPS Store® in their neighborhood. AuctionDrop also partners with various billion dollar retailers to help them liquidate excess or returned inventories on a private label basis using eBay. AuctionDrop receives funding from leading venture firms Mobius Venture Capital, Draper Associates and G51. For more information, go to www.auctiondrop.com or call toll free 1-866-DROP-IT-OFF (1-866-376-7486).

About AlwaysOn

AlwaysOn is transforming the communication business with its online blogging network, establishing it as a leader in the Open Media revolution. Borrowing from the underground traditions of blogging and social networking, AlwaysOn (http://www.alwayson-network.com/) was launched in 2003. Today, AO's annual Summit @ Stanford and OnHollywood events, print "blogozine" and online services encourage direct collaboration between global thought leaders and technology insiders. No other media brand has dared allow such openness amongst its readers and participants. AlwaysOn, LLC, is a privately held and virtually headquartered company born out of the heart of Silicon Valley.

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