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AuctionWagon Opens Southern California's First eBay Listing Drop Off Store; Service Launched by Local Entrepreneurs Exemplifies Reverse Online to Brick & Mortar Trend.

Business Editors

WEST HOLLYWOOD, Calif.--(BUSINESS WIRE)--Nov. 24, 2003

AuctionWagon -- Southern California's first brick & mortar-based eBay drop off and listing service -- today announced the opening of its inaugural storefront location at 7992 Sunset Boulevard in West Hollywood.

As the region's first and only such drop off and listing service, AuctionWagon is designed for Southern Californians who want to sell their items on eBay, but view the process as simply too inconvenient or time consuming. Many are eBay users who routinely buy items on the auction site, yet shun the prospect of selling. AuctionWagon's motto is "eBay the Easy Way," and its mission is to empower sellers by making participation in the world's largest electronic auction marketplace quick, simple and trouble free.

"We are thrilled to launch Southern California's first eBay drop off store," says Joshua MacAdam, AuctionWagon's president and CEO. "We're helping make garage sales obsolete as we assist eBay sellers turn their unwanted items into cash, with virtually no effort."

AuctionWagon was co-founded by MacAdam and Devin Bailey -- two friends since childhood who grew up in Los Angeles and are veterans of the first wave of dot com hysteria.

"AuctionWagon is part of a rapidly growing eBay cottage industry that is very different from the dot coms of a few years ago," adds Bailey. "We are in effect reverse-engineering the world's most successful Internet-based business to create a new and potentially very lucrative brick & mortar-based model."

AuctionWagon manages the entire eBay sales process, from evaluating an item's potential selling price, to digital photography, writing a description, listing, storing, collecting payment, packaging, shipping and forwarding the proceeds to the seller. Sellers can drop items off at AuctionWagon's West Hollywood retail store location, or use the company's door-to-door pick up service.

Services like AuctionWagon not only help sellers, but also improve the eBay transaction process for buyers by protecting them from fraud and other potential problems. Items listed by AuctionWagon are carefully screened, and every effort is made to ensure that each is described accurately and protected during shipping.

Conceptually, eBay drop off stores are similar to traditional consignment shops in that they both charge sellers a commission for doing all of the work involved in selling an item. The difference with the new breed of stores is that the goods are sold on the world's largest online auction site.

In addition to helping individuals who lack the time or technical expertise to sell items on eBay, AuctionWagon benefits brick and mortar merchants who want to expand their market beyond their physical storefront. It can also help non-profit organizations that seek to enhance fundraising by selling items on eBay. For both these types of sellers, AuctionWagon handles the entire process, from collecting items to processing a check for the net proceeds.

About AuctionWagon

AuctionWagon is Southern California's first retail, brick and mortar-based eBay drop off and listing service. It empowers sellers by making participation in the world's largest electronic auction marketplace quick, simple and trouble free. More information about AuctionWagon is available by visiting www.AuctionWagon.com or calling (866) EZ-WAGON.
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Publication:Business Wire
Date:Nov 24, 2003
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