GMAI to be Significant Participant in New eBay Initiative.WEST CALDWELL, N.J.--(BUSINESS WIRE)--July 14, 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 signed a definitive agreement with Butterfield & Butterfield, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of eBay Inc. (NASDAQ: EBAY), under which GMAI will be a significant participant in a future initiative by eBay to feature premier offerings of collectibles and fine art from around the world in connection with the eBay web site. The GMAI brand will be included in the new eBay initiative, which is expected to launch in the fall of 1999. About Greg Manning Auctions, Inc: 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 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 (1) (Computer Output Microfilm) Creating microfilm or microfiche from the computer. A COM machine receives print-image output from the computer either online or via tape or disk and creates a film image of each page. , which has established an office in Beijing, China, and is anticipating conducting real-time Internet and telephone auctions in China. GMAI's websites 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) . Statements in this press release that relate to future plans, objectives, expectations, performance, events and the like are "forward-looking statements" within the meaning of 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 and the Securities Exchange Act of 1934. Future events, risks and uncertainties, individually or in the aggregate, could cause actual results to differ materially from those expressed or implied in these statements. Those factors include the parties' abilities to develop, implement, integrate, and launch the services and offerings described herein, and other factors discussed in the "forward-looking information" or "risk factors" sections included in the companies' prospectuses, quarterly reports on Form 10-Q, and annual reports on Form 10-K. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations Worldwide Website at www.kcsa.com. |
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