SOURCE: AuctionCities.com, Inc.

December 01, 2005 05:00 ET

Start-up Auctioner Declares Price-War on eBay

Free Basic Listing Service Makes It Easy for "Mom & Pop" Auction Starters

VALENCIA, CA -- (MARKET WIRE) -- December 1, 2005 -- AuctionCities.com, Inc. (OTC: AUCC) has dropped listing fees and "raised the bar" on user-service. New on the Over-The-Counter stock market this year, the auction-sales and trading website has launched a proactive promotion campaign to build registration and motivate fans to watch the website (www.auctioncities.com) very closely.

Since the site was launched, registration has been free of charge. Images up to five megabytes are free. A free Shipping Calculator helps to plan a sale or auction. Now, a basic listing is FREE. Reasonable enhancement fees are charged for other "goodies," such as bold type, eye-catching yellow background highlighting for an item, large image hosting for photos, sound hosting for an extra measure of salesmanship, and cute, colorful animated icons. There are modestly priced service enhancements such as front-page listing of items on Auctioncities.com as well as on your own Shop-Your-Zip-code page and "MARS," the Media Arbitration Resolution Service, to name a few. All Final Value fees are more than 30% less expensive than those of competitors like eBay.

Michael Berman, AuctionCities.com CEO, declared, "This is an all-out price-war. Why not mention the name of our competition? It's eBay and the other big guys who are so big that they seem to think that can seemingly gouge their habitual customers and neglect the numerous complaints that are easily found on the 'web' (www.alexa.com) about their customers dissatisfaction with the unpredictable and expensive price structure, arbitrary enforcement of rules and genuine lack of customer service and support."

Berman continued, "Based on the axiom, 'Find a need and fill it,' we entered the marketplace to compete with eBay and the big guys in the area of customer service, where we excel. We are patient with our users who are still on 'dial-up.' We answer our phone. We respond to all emails and chat room communications. We maintain credit accounts for those users who do not have credit cards. All transactions are facilitated, and we are partnered with MARS (Media Arbitration Resolution Services, Inc.) so we can offer our members the confidence of their unique 'Shop With Confidence' Seal (Trustmark). Our current internet technology is state-of-the-art, and our 'tech-partner' plans for the near future will blast AuctionCities.com into outer space."

Concluding, Berman said, "We don't think that we are losing money on the 'front end' of a transaction by waiving Listing Fees. Rather, if we make it easy for 'Dad' to put his old golf clubs up for sale or auction, he will want to have the enhancements to maximize the potential of a more profitable sale...a win-win situation for both of us."

About AuctionCities.com, Inc.

AuctionCities.com is the state-of-the-art way of convenient local auctioning and shopping. We host local auctions in over 40,000 U.S. Zip-code specific sites using our patent-pending business methods and technology.

The factors discussed below and elsewhere in this Memorandum could adversely affect the value of the Company's Common Stock. In addition, the factors discussed below and elsewhere in this Memorandum may constitute forward-looking statements and, as such, may involve known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements or the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any forward-looking statements contained in this Memorandum should not be relied upon as predictions of future events. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "could," "seeks," or anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Such statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and they may be incapable of being realized. The following factors may constitute or include cautionary, forward-looking statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements.

Contact Information

  • Jack Scanlan
    AuctionCities.com, Inc
    Valencia, CA 91355
    PHONE: 661-287-4100 ext: 1915
    EMAIL: Email Contact

    Publicity Department
    866-587-8921
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