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Log On and Ignore Your Investment Portfolio! Instead, Enjoy Free Snipes for a Night!

Business Editors & High-Tech Writers

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Aug. 1, 2002

Feeling the Stock Market Pinch? eSnipe Alleviates The Pain By Offering Free Snipes On Aug. 9, 2002; Hey ... It Ain't A Stock Split,

But It's Something Fun To Do

eSnipe (http://www.esnipe.com), the leader in online auction sniping, today announced free snipes for the evening of Aug. 9, 2002.

Free sniping is scheduled to begin at 8 p.m., PST and end at 6 a.m., PST the following morning.

"Sniping" is a term used for online bidding that takes place during the last few minutes of an auction. Initially, sniping began manually among auction enthusiasts who kept multiple browser windows running with timing mechanisms set to snipe at the last possible moment. eSnipe snipes auctions held on eBay (http://www.ebay.com).

eSnipe's high-powered bid placing engine, Rovatron, now places more than 12,000 bids a day and more than 18,000 on Sundays -- making eSnipe the clear market leader with 100,000 registered users and placing more than $30 million in bids per month.

"Management at eSnipe, which is me, is also feeling the pain of the 2002 bear market," sadly stated Tom Campbell, president of eSnipe. "So rather than pout about it, I bought some stuff on eBay that I really didn't need, but made me feel better.

"So I decided to offer free snipes for a night, with the hope that other eSnipe users can share some of the immediate gratification that I felt by buying collectibles, like Fender(R) guitars or Marvel Comics, or soon-to-be rare items, like Enron(R) letterhead, Exodus Communications Service Level Agreement contracts or MCI long distance calling cards."

To take advantage of eSnipe's free snipes for a night, registered and new users will need to visit http://www.esnipe.com/hardday between the designated hours on Aug. 9, and follow instructions to ensure that they are properly registered for the evening's free sniping.

eSnipe's primary focus is to provide eBay power buyers with a tool that enhances their online auction experience. eSnipe protects all bidders' privacy.

About eSnipe

eSnipe provides technological tools for online auction aficionados to place bids on eBay during the last few moments of an auction, which is known as "sniping." eSnipe reduces bidding wars by masking interest in auction items until the last few seconds. eSnipe is dedicated to providing the premier online bidding experience through state-of-the-art Internet technologies and highly responsive customer support.

eSnipe's founder placed the site for sale on eBay in December, 2000. The auction was won by an eSnipe user -- by utilizing eSnipe to place the winning bid. eSnipe is a privately held company located in Newport Beach. For more information on eSnipe, visit http://www.esnipe.com.
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Publication:Business Wire
Date:Aug 1, 2002
Words:460
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