The ONSALE Exchange Receives 3,000 Classified Auction Listings in First Weekend.MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Nov. 4, 1997-- Auction Listings Include a $12,000 Mexico Timeshare A form of shared property ownership, commonly in vacation or recreation condominium property, in which rights vest in several owners to use property for a specified period each year. , $13,000 Collectible TRS See traffic engineering methods. TRS - term rewriting system 80, a $3,850 Baby Grand Piano, a Motorcycle and Lots of Beanie Babies ONSALE 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 :ONSL ONSL Old North St. Louis (neighborhood just north of downtown St Louis, MO) ONSL Optical Network Simulation Layer (VPI) ONSL Organization Nationale des Syndicats Libres ), a pioneer and leader in interactive online auctions, today reported that The ONSALE Exchange(TM) received more than 3,000 classified auction listings since its launch on Friday, Oct. 31 at 2:00 p.m. PST PST Paroxysmal supraventricular tachycardia, see there . The ONSALE Exchange is a new and different Auction SuperSite(TM) that allows small businesses and individuals to sell merchandise over the Web using ONSALE's leading auction management system. The ONSALE Exchange acts much like a traditional "classified advertising" service, bringing together buyer and seller. However, ONSALE's auction format has the benefit of establishing a fair market price as buyers competitively bid for goods. When the auction closes, the buyer and seller complete the transaction either privately or through a third party escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. service. "We are pleased at the overwhelming response The ONSALE Exchange has received," said Jerry Kaplan, chief executive officer and co-founder of ONSALE. "This is an excellent example of how ONSALE can leverage its technology and its leadership position in the online auction business and to serve new markets." Small businesses, collectors and individuals can list items in 17 categories and approximately 100 subcategories on The ONSALE Exchange. Some of the items listed since the launch include: -- '96 Custom built Softail Harley-Davidson Motorcycle -- TRS-80 microcomputer Model 4 and Daisy Wheel Printer A daisy wheel printer is a type of computer printer that produces high-quality type, and was often referred to during the 1980s as a letter-quality printer (in contrast to high-quality dot matrix printers, capable of so-called near letter quality (NLQ) output). -- Baby Grand Piano -- Lots of Beanie Babies -- Time Share In Cancun, Mexico, Any Time of Year -- .73 Carat Diamond Solitare Ladies -- 1996 Kawasaki Ninja "Ninja" is the name of a series of Kawasaki sport bikes, that started with the GPZ900R. Comprised bikes Standard series
-- Compact Cold Drink Vending Machine vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. -- 29 Acres in East Texas How The ONSALE Exchange Works Sellers list items for auction by entering a description of the product or service and optionally posting a photo image. The seller also selects the minimum starting bid price. Bidders place bids on these items using their existing ONSALE customer number. When bidders are outbid out·bid tr.v. out·bid, out·bid·den or out·bid, out·bid·ding, out·bids To bid higher than: We outbid our rivals at the auction. , they receive an e-mail notification. They can increase their bid through the Web site or via e-mail. At the end of the auction period, the highest bidder HIGHEST BIDDER, contracts. He who, at an auction, offers the greatest price for the property sold. 2. The highest bidder is entitled to have the article sold at his bid, provided there has been no unfairness on his part. (s) and the seller are both notified that the auction has closed. The seller then returns to The ONSALE Exchange to retrieve the names of the auction winner(s) and runners up. Then the seller contacts the buyer via email, phone or fax to consummate the deal. Starting in December, sellers will be charged a nominal listing fee and a small commission for each item they post and sell through The ONSALE Exchange. Initial merchandise categories are: Barbies, Dolls & Bears; Books, Magazines & Comics; Clothing & Apparel; Coins, Stamps & Currency; Computer Hardware; Computer Software; Consumer Electronics; Entertainment & Travel; Food & Beverage; Gifts; Household Items; Jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. & Watches; Sports & Automotive; Specialty Collectibles; Toys; and Trading Cards. About ONSALE ONSALE is the leading electronic retailer pioneering an efficient and entertaining new distribution channel -- the interactive online auction. The company currently specializes in selling excess merchandise, such as refurbished and close-out products, over the Internet's World Wide Web. More than 325,000 visitors have placed bids since the launch of the service in May 1995. ONSALE reported gross merchandise sales of $32.3 million for the quarter ended Sept. 30, 1997. ONSALE operates daily auctions Monday through Friday, and posts tens of thousands of items in a typical week. The company leverages the interactivity and sense of community possible on the Internet to create an effective new sales medium that generates a high level of customer loyalty and enthusiasm. ONSALE's Web site is located at http://www.onsale.com . -0- Note to Editors: ONSALE is a registered trademark of ONSALE Inc. CONTACT: ONSALE Inc. Stefanie Elkins, 415/428-0600 ext.349 selkins@onsale.com or Financial Relations Board Paula Berg, 415/986-1591 (general information) Lynn Chaffier, 415/986-1591 (analyst contact) or Connors Communications Pamela Coddington, 415/217-7500 pamela@connors.com |
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