AuctionWagon Acquired By Net2Auction, Inc.HOLLYWOOD -- AuctionWagon, Inc., a leader in the development and deployment of eBay drop-off services and software, today announced that it has been acquired by Net2Auction, Inc. (Pink Sheets:NAUC NAUC National HIV/AIDS Update Conference ), a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Terms of the all-stock deal were not disclosed, and it was noted that AuctionWagon management will remain in place and continue providing its customers with the same high level of services and software solutions. Joshua MacAdam macadam Form of pavement invented by John McAdam. McAdam's road cross-section consisted of a compacted subgrade of crushed granite or greenstone designed to support the load, covered by a surface of light stone to absorb wear and tear and shed water to the drainage ditches. , President of AuctionWagon commented, "This is an exciting day for AuctionWagon, as this acquisition allows us to expand our offerings and solidify our position as industry innovators." "With the backing of Net2Auction, we now have the support and resources to take AuctionWagon to the next level, and begin marketing our services and software on an enterprise level," MacAdam concluded. AuctionWagon's innovations include the AuctionWagon Network, a backend processing service deployed to 23 eBay drop-off locations nationally; as well as the Store Manager Pro eBay consignment system. Deployed to 145 locations both nationally and internationally, Store Manager Pro allows eBay drop-off stores to fully manage their own eBay auctions including auction listings, inventory, payment processing, and all backend processing. ABOUT AUCTIONWAGON AuctionWagon opened its first eBay consignment store consignment store n. A retail store that stocks and sells merchandise on consignment. in November 2003 in West Hollywood West Hollywood A community of southern California northeast of Beverly Hills. It is mainly residential. Population: 36,600. , CA, becoming the first such store in the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. market. The first company to qualify as both an eBay certified developer and an eBay Trading Post trading post See post. , AuctionWagon is a pioneer in both the retail and software segments of the industry, being featured in Entrepreneur, the New York Times, the New York Times, The Morning daily newspaper, long the U.S. newspaper of record. From its establishment in 1851 it has aimed to avoid sensationalism and to appeal to cultured, intellectual readers. Wall Street Journal, the Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Newswire and other leading publications. Now solely focused on auction processing services and software development, AuctionWagon currently markets its consignment software to drop-off stores, and maintains service deployment to a national affiliate network An affiliate network acts as an intermediary between publishers (affiliates) and (merchant) affiliate programs. It allows publishers to find affiliate programs, which are suitable for their website and it helps websites offering affiliate programs reach its target audience. of 23 drop-off locations. For more information, please visit www.AuctionWagon.com. ABOUT NET2AUCTION Net2Auction, Inc. (Pink Sheets:NAUC) is a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Getting its customers in and out of its drop-off locations in less than five minutes, the Company offers a full-service eBay listing program that requires almost no effort on the customers' part. Currently offering eBay drop-off services at 49 locations and backend processing services at 23 affiliate locations in 15 states, Net2Auction's growth is fueled by the increasing number of consumers who would like to sell unwanted goods on eBay but don't have the time, energy, or know-how to do so. Net2Auction -- You bring it in. We auction it online. The information contained in this press release may include forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. |
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