SOURCE: Penny Warriors

Penny Warriors

September 13, 2010 09:39 ET

Former U.S. Army Green Beret Aims to Transform Penny Auction Industry With Launch of Penny Warriors

Penny Warriors First in Industry to Offer Experiential Auctions, Including Shooting Session With Navy SEALs, Race Car Driving Experiences and Professional Golf Lessons; Donates All Final Auction Sales to the Special Operations Warrior Foundation

SAINT AUGUSTINE, FL--(Marketwire - September 13, 2010) -  Decorated Green Beret and retired Staff Sergeant of the U.S. Army Special Forces, Matt Summers, launches Penny Warriors (www.pennywarriors.com), an online penny auction website based on the core values he learned in the military -- integrity, transparency and accountability. Penny Warriors provides a new, online entertainment shopping experience where visitors can bid confidently on auction items to win extreme discounts that are approximately 90 percent off regular retail prices. Visitors can bid on a variety of premium products in a number of categories including cutting-edge consumer electronics, high-end home goods, fashion, game consoles and gift cards. Penny Warriors will also feature experiential auctions that allow users to get deals on once-in-a-lifetime experiences, such as shooting lessons with a U.S. Navy SEAL, race car driving lessons or professional golf lessons. The site officially launches on Tuesday, September 14 at 1:00 p.m. EDT.

Staff Sergeant Matt Summers, founder and CEO of Penny Warriors, is a highly decorated soldier who was awarded a Purple Heart after sustaining minor wounds in Afghanistan. After he fulfilled his commitment to the U.S. Army, Summers elected to be honorably discharged from the service and went on to earn a master's degree from Clemson University. He chose to use his advanced schooling and military experience to establish Penny Warriors in an effort to legitimize the penny auction industry, which has had some challenges with honesty and trust.

To reinforce the company's commitment to integrity and honor, as well as help support our troops, Penny Warriors has made a long-term commitment to the Special Operations Warrior Foundation (SOWF), and will donate the final sale price of all auctioned items to SOWF. SOWF is an organization that provides full scholarship grants as well as educational and family counseling to the surviving children of special operations personnel who die in operational or training missions. SOWF also provides immediate financial assistance to severely wounded special operations personnel and their families.

"Our Special Operations Forces continue to experience its biggest deployment in history and consequently our community and the world have lost some very special people," said John T. Carney, Jr., SOWF President/CEO. "While no words can ease the pain and sorrow resulting from these tragic losses, hopefully the families' grief will be tempered in knowing their children's post secondary education will be financed through the Special Operations Warrior Foundation and that there are companies, like Penny Warriors, to make sure these children are not forgotten."

"Penny Warriors' primary goal is to become the most trustworthy penny auction site in the industry where visitors have access to cutting-edge products and unique experiences at bargain prices. My military service has taught me the value of integrity, honor and accountability, and I plan to ensure these core principals are evident in every aspect of how Penny Warriors operates," commented Sgt. Matt Summers, CEO of Penny Warriors. "The penny auction industry has huge potential and we intend to quickly grow a loyal following by offering a new experience. At Penny Warriors, users can bid confidentially and have fun knowing they can trust the site."

About Penny Warriors (www.pennywarriors.com)
Founded in 2010 by Matt Summers, former staff sergeant of the U.S. Army Special Forces, Penny Warriors is an online penny auction website on a mission to provide users with a trustworthy, transparent and honorable penny auction experience. Penny auctions are a form of online entertainment shopping that allows users to bid on popular consumer items at a fraction of their suggested retail price. All proceeds from the final sale price on Penny Warriors.com are donated to the Special Operations Warrior Foundation (SOWF)

About the Special Operations Warrior Foundation (www.specialops.org)
Founded in 1980, the top-rated Special Operations Warrior Foundation is the recipient of its fifth four-star rating for financial efficiency. SOWF provides college scholarship grants as well as educational and family counseling to the surviving children of Army, Navy, Air Force and Marine Corps special operations personnel. In addition, SOWF also provides immediate financial assistance to the families of severely wounded special operations personnel so they can be bedside during their loved one's recovery.