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GMAI Announces New Website; Inauguration Launches E-Commerce Strategy For The 21st Century.


WEST CALDWELL West Caldwell, borough (1990 pop. 10,422), Essex co., NE N.J., a residential suburb of Newark and New York City; inc. 1904. It has some light manufacturing. , NJ--(BUSINESS WIRE)--June 22, 1999--

Greg Manning Auctions, Inc. (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
:GMAI GMAI Global Media AIDS Initiative
GMAI Greg Manning Auctions, Inc
) announced today that it has launched a new website at www.gregmanning.com, updating and incorporating GMAI's prior site, while laying the foundation for GMAI's global e-commerce strategy for the 21st Century.

The new site, establishing a new look and feel for GMAI's web presence, is easier to navigate and is user friendly, pulling together GMAI's subsidiaries and divisions on one website for easier review of the 300 to 400 auctions conducted annually.

Greg Manning, GMAI's Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , said, "Unlike many of our traditional competitors, whose web presence is not interactive or, in many cases, non-existent, or promised at a future date, GMAI has quickly evolved into a 21st Century auction company, combining traditional expertise and full service with the advanced Internet/telephone technology and the ability to bring our collectibles auctions into every home. Our subsidiary, GMAI/Teletrade, is ranked by Gomez Advisors, Inc, an independent rating service, to be among the top ten auction sites on the Web."

Mr. Manning continued, "Whether you collect stamps, coins, sports trading cards, sports memorabilia The term sports memorabilia usually refers to anything that can be directly connected to a sports event or personality. These items are generally gathered by fans of the particular sport, athlete or team that the item signifies or by collectors who find value in the rarity , Hollywood & Rock `n Roll memorabilia, movie posters, comics, diamonds or affordable fine art, GMAI will not only bring you the world's best offerings, we'll do so in a way that's entertaining, educational, and just plain fun. The launch of our new site continues the conversion of GMAI from a traditional "non-web" auction house into a full service e-commerce company."

The new site will host complete "virtual" electronic productions of all GMAI's lavish catalogues, featuring major live auctions of a variety of collectibles which were previously available on a subscription basis only. In addition, new Internet See Web 2.0 and Internet2.  bidding features are being added to facilitate bidding in all future GMAI auctions. Additional content on the new site will be added over the coming months, including news and articles of interest to collectors in each of the collectible categories in which GMAI specializes; collector bulletin boards; live chat rooms which will feature "Ask Our Experts" sessions, price guides; auction prices realized; and special bid tracking features.

Anthony Bongiovanni, GMAI's Chief Technology Officer, stated, "Greg Manning Auctions is committed to making its website the first, last and only place on the Web collectors will want or need to go to pursue their collecting passion. With the inauguration of this site, GMAI has laid the cornerstone upon which we will build a unique collection of tools, information and services that will not only make our customers' collecting experience more fun, but will permit our customers to enhance the value of their collections through greater knowledge."

About GMAI:

Greg Manning Auctions, Inc. is a full service auctioneer of a wide range of collectibles and diamonds, as well as the nation's leading stamp auction house and one of the largest in the world. GMAI is the first publicly owned Publicly owned can refer to:
  • Public company, a company which is permitted to offer its securities (stock, bonds, etc.) for sale to the general public, typically through a stock exchange
  • Public ownership, of government-owned corporations
 auction company to hold real-time auctions simultaneously over the Internet and via telephone, while providing confidential transmission of bidder and seller information.

Greg Manning Auctions, Inc. has over 30 years of experience and a staff of experts in each of the product categories in which it operates, which distinguishes GMAI from more common person-to-person auctions. Additionally, GMAI has long established and well-entrenched relationships with suppliers of quality collectibles throughout the world, and operates on a global basis. In early 1999, GMAI formed GMAI-ASIA.COM, which is establishing an office in Beijing, China, and is anticipating conducting real-time Internet and telephone auctions in China.

GMAI's web sites are: www.gregmanning.com and www.teletrade.com . Its common stock is traded on the NASDAQ SmallCap system under the symbol GMAI, and on the Boston Stock Exchange The Boston Stock Exchange (BSE) is a regional stock exchange located in Boston, Massachusetts. The third-oldest stock exchange in the United States, it was founded in 1834. On October 2nd, 2007 Nasdaq agreed to acquire BSE for $61 million.  under the symbol GGM GGM Great-Grandmother
GGM Glucose/Galactose Malabsorption
GGM Gravity and Granular Materials
GGM Gravity Gradient Mode
GGM Gravity Gradiometer Mission (NASA) 
.

This press release contains statements of a forward-looking nature relating to future events. Shareholders are cautioned that such statements are predictions and that actual events or results may differ significantly.

This release, and prior releases, are available on the KSCA KSCA Karnataka State Cricket Association (India)
KSCA Kansas Scholastic Chess Association
KSCA Kansas School Counselor Association
KSCA Knight of the Society for Creative Anachronism (Medieval Recreationists) 
 Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most  Worldwide Website, at www.ksca.com .
COPYRIGHT 1999 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jun 22, 1999
Words:665
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