ZIPN News .0008
Zippi Networks Inc. (Pink Sheets:ZIPN), a leading provider of mobile commerce applications that enable Americans to recycle their "Clutter into Cash," today announced they have begun listing more items on Craigslist rather than a traditional style eBay auction. Zippi is sighting several eBay policy's that continue to restrict the selling process, incur unnecessary fee's, and ultimately have lead to the suspension of its eBay seller account.
The company has stated its move to Craigslist was planned, but has come at a time that was not forecasted. As Zippi is continuing its radio advertising test through June, "PowerSeller" Sara Stewart has been hard at work growing Zippi's eBay Pro Store as well as listing items on eBay and Craigslist. Certain recent transactions completed by Mrs. Stewart have resulted in the wrongful termination of Zippi's current eBay seller account; the issue revolves around legitimate and authentic (with proof) used "Chanel" and other high end brand merchandise being listed and sold on eBay and scrutinized as non-authentic. Mrs. Stewart has received positive feedback on the sales and Zippi has collected monies for these sales. Management contends they will continue working toward resolution with eBay on an issue that will most certainly continue to grow as item owners look to Zippi, to turn Clutter of many varieties into Cash.
Robert A. Rositano Jr. CEO Zippi Networks, Inc. stated, "Collectively my brother and I have worked with eBay since 1999, alongside the eBay team we co-developed some of the first training tools to teach individuals how to bid, buy, and sell on eBay' marketplace. We set out to bring unique items back to eBay and return it to its roots, the auction style community of 'stuff' we have all collected and had passed on for years. Our test marketing efforts continued to produce frustrated eBay sellers that sited restrictive policies and earning limitations based on these policies, this feedback became a driving force in the development of Zippi Networks. It seems that we have now fallen victim to similar frustrations with eBay which are now limiting our business and turning a positive transaction into negative press for the company. We view these changes as positive and will ultimately expand our capabilities, Zippi has taken immediate action to adjust our business model accordingly and will keep our shareholders informed of these adjustments and any resolution on the matter above," added Rositano, CEO Zippi Networks, Inc.
About the Company:
Zippi(tm) Networks, Inc. (Pink Sheets:ZIPN), headquartered in San Jose, Calif., and founded in 2006 is the leading provider of mobile commerce applications that create jobs and enable American's to recycle their "Clutter into Cash". This revolutionary business process has three U.S. Patents Pending and promises to engage consumers with the ease of a toll free Hotline that takes the guess work out of pricing and selling items online. Zippi allows consumers of all ages to "Free Themselves" with advanced mobile technology that allows everyone an easy, hassle-free way of turning clutter into cash, recycling, and earning an income with the Zippi Network. The "Zippi Cash" mobile iPhone application is the first in a consumer line of products that provides appraisal information to an item owner prior to listing. Zippi Cash will also connect directly to the seller network to handle the entire transaction for those who wish to cash in without the hassle of actually listing and selling themselves. Future versions of Zippi's mobile commerce applications will allow the user to list items themselves as they choose and build income for a complete home based business in the palm of their hand.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from those projected in the forward-looking statements as results of various factors including the ability of the company to successfully commercialize its new technologies and service offerings. The company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements, which may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Zippi is a trademark of Zippi Networks, Inc. All other trademarks or registered trademarks are the property of their respective owners.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Zippi Networks, Inc.
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-Oscar Wilde
