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Re: persistent post# 354215

Monday, 08/08/2005 3:37:10 PM

Monday, August 08, 2005 3:37:10 PM

Post# of 4981504
persistent.. this was from today.
Press Release Source: Net2Auction


Net2Auction Expanding With 24 More eBay Drop-Off Locations
Monday August 8, 5:00 am ET
Net2Auction is a Leading Provider of Auction Drop-Off Services


LAS VEGAS--(BUSINESS WIRE)--Aug. 8, 2005--Net2Auction Inc. (Pink Sheets: NAUC - News) today announced that it is expanding with 24 more eBay drop-off locations to be located in Los Angeles County and Orange County, Calif.
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Net2Auction plans for 15 eBay drop-off locations in Los Angeles County and nine more eBay drop-off locations in Orange County through partnership with pack-and-ship centers, accessing a total population of nearly 13,000,000 people. The company has begun executing this plan and is already offering six eBay drop-off locations in Orange County. After this expansion, Net2Auction will have a total of at least 30 eBay drop-off locations between the two counties.

Net2Auction is a leading provider of eBay drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at company locations. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

Delmar Janovec, president of Net2Auction, noted, "We are excited to soon be offering 24 more eBay drop-off locations in Los Angeles and Orange Counties, in addition to the locations we are now offering in Orange and San Diego Counties."

"Our reach across Southern California has grown tremendously, and we expect that growth to continue as we execute these expansion plans. We look forward to continuing establishment of these 24 additional locations and have them processing eBay drop-off orders, making Net2Auction a clear leader in eBay drop-off services."

"Estimated to be a $30 billion annual industry, we believe we are targeting a market with immeasurable opportunity. Management believes that we are facing what could be one of the greatest growth opportunities of this decade, and Net2Auction intends to continue growing as a leader in this industry," Janovec concluded.

Net2Auction is positioning itself to be the fastest growing company in its space in terms of establishing eBay drop-off locations at a faster rate than any other company in the marketplace.

Net2Auction allows people to easily sell their items on eBay by dropping unwanted goods off at company locations. 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.

With national expansion plans and currently offering eBay drop-off services at 44 locations through partnership with pack-and-ship centers, Net2Auction has a winning formula for success: we have minimal cost of inventory, we are undergoing rapid expansion, and we earn lucrative consignment fees while making our customers money.

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 investors@net2auction.com or 800-450-1935. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

To review the aforementioned California population data, please visit http://www.census.gov/.



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