Compaq UK Puts PCs Under the FairMarket Hammer; FairMarket Provides Technology to Compaq for Auctioning End-of-Life and Refurbished Products.Business/Technology Editors WOBURN, Mass. & TWICKENHAM, England--(BUSINESS WIRE)--Oct. 15, 2001 FairMarket(SM), Inc. (Nasdaq: FAIM FAIM Fellow of the Australian Institute of Management FAIM Foundation for the Advancement of Innovative Medicine ), a leading provider of e-business selling and marketing solutions incorporating dynamic pricing, today announced the launch of the Compaq United Kingdom auction site. The site was introduced to enable Compaq customers to bid for and purchase high quality, reliable Compaq PC products at affordable prices. "FairMarket provides us with the technology to appeal to a broader market, offering potential and existing customers the opportunity to bid for high quality goods at cut down prices," said David Matthews David Matthews has been the name of several notable people: In media:
"The Compaq auction site is a prime example of the value that FairMarket offers merchants," said N. Louis Shipley, vice president of marketing and sales at FairMarket. "It gives Compaq a new channel to market with a competitive edge for end-of-life and excess inventory. It is also a proven way for retailers to turn around stock quickly." Compaq also manages this excess inventory process offline but the FairMarket solution enables not only online process efficiencies but also helps optimize optimize - optimisation the sale price of the inventory at the same time. Auctions will begin on Monday, October 15th, with bidding closing on Sundays, offering up to 30 lots each week. The site is expected to receive interest mainly from small businesses and consumers. About FairMarket FairMarket develops and delivers e-business selling and marketing solutions for retailers, distributors and manufacturers. A leader in dynamic pricing technology, FairMarket provides hosted and scalable solutions to help enable companies maximise price yield and promote their brands. In the US, major corporations including Dell Computer Corporation (company) Dell Computer Corporation - One of the biggest US manufacturers of IBM PC compatibles. "From notebooks to networks", their slogan says. http://us.dell.com. , CompUSA, New Line Cinema, WWF See Windows Workflow Foundation. , Playboy Playboy monthly magazine renowned for nude photographs. [Am. Pop. Cult.: Misc.] See : Eroticism , and Virgin.Net rely on FairMarket's discount, clearance and promotional technologies and services. Headquartered in Woburn, Mass., FairMarket also has offices in the U.K.. The company in the U.K. can be reached at +44 (0)208 607 0700 or on the Web at www.fairmarket.com. FairMarket UK provides dynamic pricing solutions online for leading Internet brands including Freeserve, Virgin.net, dabs.com, and Kingfisher PLC Kingfisher plc is a UK-based international retailer, which has owned a wide variety of retail chains in its history but is now focused on the DIY business. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. . FairMarket and the FairMarket logo are service marks of FairMarket, Inc. The names of actual companies and products mentioned herein may be the trademarks of their respective owners. This press release contains information about future expectations, plans and prospects of FairMarket, Inc. that constitute 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. for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including but not limited to market acceptance of FairMarket's online auction and other e-commerce services; growth of the market for dynamic e-commerce services; the competitive nature of the online markets in which FairMarket operates; FairMarket's ability to generate significant revenue to reach profitability; FairMarket's ability to attract and retain qualified personnel; FairMarket's ability to retain existing customers and to obtain new customers; the operation and capacity of FairMarket's network system infrastructure; FairMarket's ability to expand into new geographic markets and the currency, regulatory and other risks associated with expansion into international markets; FairMarket's limited operating history; and the other risks and uncertainties discussed under the heading "Factors that May Affect Results of Operations and Financial Condition" in FairMarket's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2000 and other reports filed by FairMarket from time to time with the Securities and Exchange Commission. FairMarket assumes no obligation to update any of the information included in this press release. |
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