Auction Blog

NEW YORK, NY - Auction Floor, Inc., a leading web-based technology provider to the auction industry, is pleased to announce sales and technical accomplishments for 2nd quarter 2008. The Company continues to develop and integrate its auction trading platform with a diverse group of customers and channel sites.
Highlights for the 2nd quarter are as follows:

Technology Update:

Completed the relocation of Company’s auction technology
infrastructure to a leading Tier A facility. The Company’s server network
meets highest standards for security and reliability.

Integrated Auction Manager loading tool into Auction Zip, enabling
11,000 auction houses to reach 650,000 unique visitors a month posting
items for sale on the Auction Zip website. Marketing of the tool will
commence during the balance of the 3rd quarter, and the Company anticipates
listing fee revenues to contribute to 4th quarter results.

Integrated Auction Manager with eBay’s retail marketplace system
complementing the current integration into the eBay live auction system.
Auction Houses, and online sellers, standardized on the Company’s trading
platform will have the added convenience to pay listing fees and promote
their items on eBay from a central point of control.

Integrated and launch of Auction Manager loading tool for Bidtopia,
enabling a large market of online sellers to pay competitive listing fees
and post their items for auction on the fast-growing Bidtopia website and
extending the Auction Floor trading platform to a broad audience of buyers.

Projected completion and launch of auction sales with GoAntiques,
OnlineAuction.com and Universal Live Auctions, in which the Company will
earn listing fees and transactional fees from the hosting of a projected
5,500 auction events annually, commencing during the 4th quarter of 2008.

Strategic sales agreement with Auction Wire intended to build a
leading web-based online auction portal to manage global fund-raisings for
large corporate clients, and international non-profit and charitable
organizations. The Company’s auction trading platform will be standardized
and revenues will be generated from listing and transactional fees on
auction events marketed and produced by Auction Wire.

Growing backlog of auction houses and online sellers seeking to
standardize on the Company’s auction trading platform, scheduling technical
demonstrations, testing, and sales service agreements which the Company
projects will continue to grow during the balance of 2008, and into 2009.

More here:
Auction Floor Announces 2nd Quarter Accomplishments

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.

Read more:
Auction Floor Announces Integration With OnlineAuction.com

Scottsdale, AZ—Auction Floor, Inc. (Other OTC: AFLO.PK) (Frankfurt: ZUI.F) a leading web-based technology provider to the auction industry, today announced the completion of system integration with AuctionZip.com, the highly popular website which posts extensive listings of U.S. live auction events, with 9500+ registered auction houses and over 660,000 unique visitors per month. Auction Zip users may search for auctions by area, auctioneer and category. The Company intends to begin marketing later this month.

“The completion of this integration will enable AuctionManager customers to seamlessly upload the images from their auction catalogs onto the Auction Zip search engine with one click. It will also create a terrific opportunity to reach thousands of new customers. This is part of a broader strategy underway to integrate our auction event and live bidding platform with a host of web-based channel partners, whom enjoy targeted and growing visitor traffic. There is an enormous need today to enable auction houses and web-based sellers to target the promotion of their auction events across the Internet without duplicative catalog loadings managed from one platform, and we intend for AuctionManager, to become the global platform of choice” 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 .

If you would like to receive Auction Floor news via email please notify us at info@auctionfloor.com.

CAUTIONARY STATEMENTS
This document does not constitute an offer to sell or a solicitation of an offer to buy any of our securities. This document contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may include projections of matters that affect revenue, the ability to develop or license certain technologies; operating expenses or net earnings; projections of capital expenditures; projections of growth; hiring plans; plans for future operations; financing needs or plans; plans relating to the company’s products and services; and assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking information.

Source:
Auction Floor Announces Full Integration with AuctionZip.com