Outstanding Shares: 136,576,800 as of 2005-07-27
Authorized Shares: 700,000,000 as of 2005-03-14
PriceBuyer.com Launches PriceBuyer Print Media Coupon Mailer
Thursday November 17, 5:30 am ET
AuctionCities.com Division to Bring Immediate Revenue to Start-Up Auctioner
VALENCIA, CA--(MARKET WIRE)--Nov 17, 2005 -- AuctionCities.com, Inc.(Other OTC:AUCC.PK - News) has begun to market the PriceBuyer Coupon Book, a tastefully designed "call to action" coupon booklet advertising local businesses. PriceBuyer.com, an AuctionCities.com division, in keeping with the overall AuctionCities.com theme, is a national price comparison shopping portal offering new and more powerful ways for local business and customers to connect via the Internet.
A model operation is being organized in the Los Angeles suburban community of Valencia, CA. The PriceBuyer Coupon Book mailer will be distributed to an initial distribution of 10,000 households. Once fully mounted, the program will expand to other regions, nationwide.
Michael Berman, AuctionCities.com CEO, stated, "The user-friendly theme of 'value-added' features and special attractions found on our AuctionCities.com website carries through to the PriceBuyer Coupon Book. Every colorful display ad will also carry 'something extra' to motivate the reader to 'action.' At the same time, it provides us with immediate income and gives us free advertising to expand the AuctionCities.com user-base. In addition, potential advertisers in the PriceBuyer Coupon Book will also receive initial complimentary advertising exposure on PriceBuyer.com, our alternative shopping and price referral subsidiary of Auctioncities.com."
Berman concluded, "We are a small company with an energetic staff, dedicated to building the content inventory, the development of useful and entertaining on-site features, and a user-friendly policy of much lower fees and commission structure. For our frugal operation, the PriceBuyer Coupon Book is a really nice form of branding at the bargain-basement level."
About AuctionCities.com, Inc.
AuctionCities.com is the state-of-the-art way of convenient local auctioning and shopping. We host local auctions in over 40,000 U.S. Zip-code specific sites using our patent-pending business methods and technology.
The factors discussed below and elsewhere in this Memorandum could adversely affect the value of the Company's Common Stock. In addition, the factors discussed below and elsewhere in this Memorandum may constitute forward-looking statements and, as such, may involve known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any forward-looking statements contained in this Memorandum should not be relied upon as predictions of future events. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "could," "seeks," or "anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Such statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and they may be incapable of being realized. The following factors may constitute or include cautionary, forward-looking statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements.
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Source: AuctionCities.com, Inc.