SOURCE: PropertyRoom.com

September 20, 2005 08:35 ET

PropertyRoom.com Announces the Addition of Merchant Partners to Growing Online Auction Offerings

Third-Party Sellers Join Nearly 500 Law Enforcement Agencies Offering Merchandise Through Online Auction Site

SAN CLEMENTE, CA -- (MARKET WIRE) -- September 20, 2005 -- PropertyRoom.com, the only full-service online auction site serving law enforcement agencies and consumers nationwide, today announced the addition of merchant sellers and their product offerings to its growing audience of millions of unique visitors per month.

This move will multiply the amount of merchandise and shopping options available to PropertyRoom.com customers. These new offerings will come from nearly all merchandise categories, especially consumer electronics, power tools, housewares and jewelry -- making PropertyRoom.com a direct competitor with eBay, Overstock.com, Ubid.com, Yahoo.com and Amazon.com.

"Nearly 500 law enforcement agencies already use PropertyRoom.com to auction stolen and forfeited goods online," said Tom Lane, founder and chairman of PropertyRoom.com. "Now, our growing customer base has created a demand for additional merchandise. By partnering with merchants across the country, we can offer our customers unique goods at a bargain price."

"Our merchant partners will benefit from PropertyRoom.com's strong customer base, a sell-through percentage rate that is currently in the high nineties, and no listing fees," he said.

"I have had a much higher sell-through rate and a more positive experience selling jewelry through PropertyRoom.com than with eBay," said Ezra Dweck, founder of Auction Riot. "The PropertyRoom.com platform and the ability to relist with no listing fee enables me to sell more products and creates a better experience for both me and my customers."

Just as important to many merchant sellers in today's environment is PropertyRoom.com's safe environment for both sellers and buyers. To maintain the fraud-free safety and security that their bidders have come to expect while buying items on its site, PropertyRoom.com conducts credit and background checks on all new merchant sellers. The site also requires sellers' names and contact information to be transparent to the bidder.

"By providing a secure and transparent process for our customers and our merchants we are able to ensure that both consumers and sellers will have a positive experience," Lane said.

Merchants that would like to sell through PropertyRoom.com's online auction platform can apply on the web at http://sell.PropertyRoom.com.

About PropertyRoom.com

PropertyRoom.com is the largest web-based, full-service auction provider serving the law enforcement community in the United States. Using a nationwide logistics, warehousing and on-line auction system, PropertyRoom.com vastly increases the net realization to its clients by increasing the bidding audience to millions, rather than hundreds, and by substantially reducing the costs and headaches of dealing with unclaimed, forfeited and excess property.

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