Auction Floor Announces 2nd Quarter Accomplishments
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
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