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Net2Auction Announces 8 New Locations For eBay Drop-Off Services; Net2Auction is a Leading Provider of Auction Drop-Off Services
LAS VEGAS, May 16, 2005 (BUSINESS WIRE) --
Net2Auction Inc. (Pink Sheets: NAUC) announced eight new locations for its eBay drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations.

The eight new locations can be seen at http://www.net2auction.com/locations_state.html#ca, and with the addition of these eight locations, the total number of Net2Auction drop-off locations has been brought to 14. Net2Auction's virtual store tour and promotional video can be seen at http://www.net2auction.com/videos.html.

Delmar Janovec, Net2Auction president, commented, "Given our rapid expansion and having opened additional locations so quickly, Net2Auction is setting the stage as a leading national contender in the auction drop-off business. We are positioning ourselves to be the fastest growing company in our space in terms of opening locations at a faster rate than any other company in the marketplace.

"With an opportunity to tap into what is estimated to be a $30 billion annual industry, and with the staggering number of people who can't or don't want to sell items on eBay themselves, we believe we are targeting a market with immeasurable opportunity by offering a simple five-minute eBay drop-off service," Janovec continued.

The company provides a full-service eBay auction listing program that boasts a customer satisfaction rating that exceeds 99%. Selling on eBay with Net2Auction is easy -- customers just bring valuable, yet unwanted goods into a Net2Auction drop-off location and we do all of the work.

Customers can get in and out of our store in less than five minutes, and we take care of all the eBay selling tasks including product description, photos, payment processing and collection, and shipping. In exchange for providing eBay drop-off and consignment services to its customers, Net2Auction charges a service fee against the final sale price of the item.

Offering 14 eBay drop-off locations in California through partnership agreements with pack and ship retail centers, Net2Auction has a winning formula for success: we have no cost of inventory, we are undergoing rapid expansion and we reap lucrative consignment fees while making our customers money.

Net2Auction's rapid expansion is fueled by the growing number of U.S. consumers who would like to sell their unwanted goods on eBay, but don't have the time, energy or know-how to do so. Management believes that the company is facing an unprecedented growth opportunity in what is believed to be a $30 billion annual industry.

As auction drop-off services such as Net2Auction are gaining the momentum that has been expected, industry analysts expect this exponential growth to continue.

More information is available at www.Net2Auction.com . Investors and media can receive a free investor kit for Net2Auction Inc. by contacting Investor Relations at [e-mail] or 800-450-1935. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

About Net2Auction

Net2Auction Inc. is a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Getting its customers in and out of its drop-off locations in less than five minutes, the company offers a full-service eBay listing program that requires almost no effort on the customers' part.

Currently undergoing rapid expansion, Net2Auction's growth is fueled by the increasing number of consumers who would like to sell unwanted goods on eBay but don't have the time, energy or know-how to do so.

Net2Auction - You bring it in. We auction it online.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.

SOURCE: Net2Auction Inc.

Net2Auction Inc.
Investor Relations, 800-450-1935

[e-mail]


www.Net2Auction.com


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