Osprey Media Group

Osprey Media Group

September 27, 2005 10:12 ET

New site introduces haggling to buying and selling online

Attention: Business/Financial Editor, Media Editor, Tech/Telecomm Editor MARKHAM, ONTARIO--(CCNMatthews - Sept. 27, 2005) - Sam* in Kingston is selling his motorcycle online. Instead of listing it on a traditional auction site, he sets up a series of interactive sessions on wHaggle.com so he can haggle price with one or more potential buyers in real time.

If he finds a hot prospect, Sam can take the conversation private or leave it open to competitive offers. When he has the deal he wants, Sam declares the haggle closed and makes arrangements for payment and delivery. In this case, he sells his motorcycle to a cross-town buyer who pays cash and drives away with the bike the next day.

wHaggle.com is a new kind of online marketplace launching in October. Its aim is to help people across Ontario buy and sell goods locally in fun and freewheeling fashion.

For sellers who would rather not haggle, the service also offers eBay-style auctions. And for those looking for a no-frills way to sell their stuff, wHaggle.com provides free classified listings with potential buyers hooking up with sellers by phone or email.

Fees to utilize haggle or auction functionality start at $4.99 and features like adding photos or moving a listing to the top of the page in its category are moderately-priced add-ons. Sellers can purchase discounted 10-listing bundles or set up their own wHaggle store with up to 100 items on sale at a time.

Shoppers will be able to search for items by category and include results from across the province or filter for listings in their region.

The website is a new online-only venture for Osprey Media Group, which publishes 21 daily and 38 community newspapers in 50 markets across the province. It's a natural compliment to traditional classified advertising and it extends the chain's reach into Ontario markets where it doesn't have papers, says company President & CEO Michael Sifton.

"wHaggle is an exciting addition to our growing list of online products. We think people are going to have a lot of fun haggling deals. The transactions and deliveries will be much easier, too, because our sellers will be Ontario-based," Sifton says.

Visitors to wHaggle.com can currently register and post goods for sale after October 1. Each item listed before September 30 enters the seller in a contest to win one of 20 iPod shuffles; and during the promotional period listings can be upgraded to sell by auction or haggle and add photos and other enhancements at no charge. The action begins this Saturday at 10 a.m. when the site officially launches.

More information on how wHaggle.com works can be found at www.whaggle.com/sitepages/sections.asp?s=howitworks.

(*Sam is a fictional seller to illustrate a typical wHaggle transaction.)

/For further information: Julia Kamula
Osprey Media Group
Sr. Vice President, Operations
(905) 752-1132 ext. 250
jkamula@ospreymedia.ca
/ IN: MEDIA, RETAIL, TECHNOLOGY

Contact Information

  • Tim Lukasewich, Director, Online Strategy & Content Development, Osprey Media Group
    Primary Phone: 905-752-1132 ext. 228
    E-mail: tlukasewich@ospreymedia.ca