Andale and ebay Renew Exclusive Three Year Agreement
Andale Remains Sole Provider of Integrated Counters for all eBay Sellers
MOUNTAIN VIEW, Calif., – June 3, 2003 – Andale, Inc. (http://www.andale.com), the leading provider of auction management tools and services for online sellers, and eBayw.ebay.com), the world`s online marketplace, today announced they have renewed an exclusive three year international agreement making Andale the sole provider of integrated counters and counter-related services to eBay sellers directly from the eBay marketplace and eBay specialty sites. Counters continue to be the most utilized value-added tool by auction sellers, as Counters help the seller assess traffic and become more successful. They also help buyers assess the competitive interest for a particular product. The agreement was first signed in 2000.
Under the terms of the agreement, eBay sellers have the option to add Andale`s Counters (formerly Honesty branded counters) free of charge directly from the eBay "Sell Your Item" page – a page that sellers use when they create a "listing" on eBay. The industry leading Andale Counters track every unique buyer who visits a particular listing along with other key statistics that help sellers best time the placement of future listings. Andale`s Counters provide an enormous value add to eBay sellers by providing them with an analysis of how they compare to the rest of the sellers on eBay – enabling them to keep an edge up on the competition. All sellers who list merchandise on eBay can add counters to their listings and easily manage the activity of those listings on eBay – providing a direct distribution channel to 31 million active eBay users. Andale also hosts a co-branded website, directly integrated with and accessible from several areas throughout the eBay marketplace, where sellers can view their counter statistics and monitor their auction activity.
"eBay is committed to meeting the needs of our users and helping our sellers increase their potential for success," said Jeff Jordan, senior vice president of eBay U.S. "We believe that providing Andale`s Counters on eBay`s "Sell Your Item" page makes it easier for eBay sellers to include counters in their listings and track the activity of those listings."
"Currently eight out of every ten listings use the Andale Counter. Andale continues to hold the leadership position in the auction management services industry and is a natural choice for eBay," said Munjal Shah, CEO of Andale. "We are extremely pleased to continue to offer our counter services to all online sellers through our eBay relationship."
About Andale
Andale is the leading provider of automation services for managing and integrating all aspects of online sales across multiple channels - Internet auction sites, branded storefronts, or individual Web sites. The company gives auction merchants - the new small businesses of the 21st Century - the tools they need to be innovative and efficient in online selling. Andale has more than 1 million registered users and the company`s counters service now drives more than 80 percent of all listings on eBay each week. Andale has secured exclusive technology integration and distribution partnerships with eBay, the leading online auction marketplace, and PayPal, the number one person-to-person payment provider. Andale has received $61 million in financing from Tarrant Venture Partners, Accel Partners, Mohr Davidow Ventures, Oak Hill Venture Partners and other investors. For more information visit www.andale.com.
Copyright 2002 Andale, Inc. All Rights Reserved.
Amy Fenstermaker
Account Supervisor
Magnet Communications
555 Post St.
San Francisco, CA 94102
415.345.6426 direct
415.345.6666 fax
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