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Friday, November 13, 2009 8:37:28 AM
NEW YORK, NY, Nov 13, 2009 (MARKETWIRE via COMTEX) -- InternetArray, Inc.
(PINKSHEETS: INAR) provided guidance today on its business strategy regarding
BidSellBuy.com, its reverse auction site developed by Noobis, Inc. After
extensive research and data analysis, the company feels it has exposed a strong
market for BidSellBuy.com to initially enter with its reverse auction platform
by targeting the packaged travel vertical.
"BidSellBuy serves both the buyer and seller, therefore we wanted to start with
one market that would allow us to be economical in our marketing and promotional
efforts while being receptive to our reverse auction platform," said Michael
Black, CEO of Internet Array. "We found that packaged travel, such as
all-inclusive trips, was a natural fit and has room for innovation. Travelers
are looking for deals in this economy and travel agencies and travel proprietors
are looking for better ways to obtain customers online."
According to Forrester, "Online leisure, unmanaged business, and managed
business travel spending will increase from $111 billion in 2008 to $117 billion
in 2009 and reach $158 billion by 2013. Two major factors contribute to this
shift: modestly more people who buy travel online (Bookers) and a continuing
shift in sales from offline channels to the Web."
(http://www.forrester.com/Research/Document/Excerpt/0,7211,47559,00.html)
About BidSellBuy.com (www.bidsellbuy.com)
BidSellBuy.com combines a unique auction and purchase functionality that will
challenge the way people currently buy goods online by using the individuals
that buyers are connected to on social networks to disrupt the normal buying
cycle and offer new ways to shop online. Social networks have continued their
meteoric growth, with Facebook leading the pack and now counting 250 million
active users worldwide.
BidSellBuy.com's new site is being developed by Noobis, Inc., an InternetArray
company focused on social media applications.
About InternetArray, Inc. (www.internetarray.com)
InternetArray, Inc. provides guidance and investment for innovative, early stage
Internet companies. The Company's mission is to identify and develop
collaborative business partners into viable and profitable companies.
About Noobis, Inc. (www.noobis.com)
Noobis, Inc. develops and integrates social media applications and networks. In
addition to building its own Internet assets and technologies, Noobis works with
clients and partners to leverage the emerging social media marketplace.
This press release may contain certain statements that are not descriptions of
historical information, but are forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of
1934. These forward-looking statements refer to matters that involve risks and
uncertainties. Such statements reflect management's current views and are based
on certain assumptions. Actual results could differ materially from the
assumptions currently anticipated.
Contact:
Michael Black
410-295-3388
contact@internetarray.com
SOURCE: InternetArray, Inc.
CONTACT: mailto:contact@internetarray.com
Copyright 2009 Marketwire, Inc., All rights reserved.
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SUBJECT CODE: Computers and Software:Internet
Travel and Hospitality:Tourism
Professional Services:Advertising, PR and Marketing
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