All Press Releases for February 23, 2006

OnlineAuction.com Passes Overstock and Sets Sights on Industry Leader

OnlineAuction.com is wrestling for position with Overstock.com, for the first time since opening their doors, a little over a year ago.



    /24-7PressRelease/ - GRANTS PASS, OR, February 23, 2006 - On February 21, 2006 OnlineAuction.com (184,887) moved slightly ahead of Overstock (182,974) according to PowerSellersUnite.com's Auction Site Count.

"While I realize Auction Site Counts fluctuate significantly, we are very proud of the fact that we have moved ahead of Overstock," said Chris Fain, President OnlineAuction.com. "The difference is our business is growing primarily through word of mouth marketing along with our new Seller/Affiliate Membership Program - Founding Member."

In November 2005, OnlineAuction.com announced a new innovative membership option, Founding Member, giving OnlineAuction.com sellers nearly $500 worth of rewards. Founding Members also have the opportunity to join forces with the auction site to recruit new members and build a true competitor to the current industry leader.

In 12 days OnlineAuction.com's auction count went from 134,060 to 184,887 and there's no sign of things slowing down.

"Things are moving at an incredible speed," said Fain. "It's great to see our seller members competing with each other for the highest number of new listings by running their own listing contest in our chat rooms."

According to Fain, individual listing fees and final value fees (commissions) are a thing of the past. OnlineAuction.com guarantees there will never be any individual listing fees or final value fees ever.

About OnlineAuction.com
OnlineAuction.com is transforming the Internet auction industry with a fee structure that allows sellers to list as many items as they wish for $8 a month. This pricing strategy eliminates per-item listing fees, final value fees (commissions) and other charges imposed by other online auction sites. OnlineAuction.com also includes a variety of special features not available elsewhere. For more information visit www.onlineauction.com.


Patricia Cruz
OnlineAuction.com
VP Media Relations
pat@onlineauction.com
www.onlineauction.com

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Patricia Cruz
OnlineAuction.com
Grants Pass, Oregon
USA
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