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/24-7PressRelease/ - GRANTS PASS, OR, August 14, 2008 - Auction Floor, Inc., a leading web-based technology provider to the auction industry, today announced that has entered into a services agreement with OnlineAuction.com (OLA.com), a fast-growing online auction site operating on the Internet. The Company, through its Auction Manager system, will enable a growing number of auctioneers and online sellers to rapidly upload their item listings for viewing on the OnlineAuction.com website, while powering OnlineAuction.com with the technology to introduce live auction bidding across its platform for online sellers and traditional auctioneers.
OnlineAuction.com (www.onlineauction.com) has over 16 million items listed, making it one of the world's largest marketplaces for online auctions. "In the aftermath of the decision by eBay to withdraw from the live auction market segment OnlineAuction.com is positioned to offer a terrific alternative at lower cost for both online sellers and traditional auctioneers" said OnlineAuction.com CEO Chris Fain.
"The opportunity for Auction Floor to integrate its trading platform with OnlineAuction.com, will enable our network of sellers to reach an active and growing audience of buyers. OnlineAuction.com has a highly experienced team in auction e-commerce, web marketing and a well timed value proposition for buyers and sellers." noted Lou Sagar, CEO of Auction Floor.
The Company's AuctionManager, a proprietary auction management software solution, enables auction houses, consignors, and sellers to centralize their management for auction events from a single platform. The Company is marketing its network and product offering through multi-channel promotions, including print and web-based advertising. Please visit the Company's website at www.auctionfloor.com.
OnlineAuction.com is a true competitive-bidding online auction. Their mission is to offer customers an online auction experience that is user friendly, feature rich, fun and economical. OnlineAuction.com is committed to the success of its customers, employees, and investors. For more information call (541) 479-3840 or toll free at (800) 900-2828 or see the company's website at http://www.onlineauction.com/
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