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News Stories Monday, May 10, 2004   
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CloseoutCentral.com launches as liquidation site


Sumner Communications, the parent company of WholesaleCentral.com, today launched CloseoutCentral.com as a liquidation marketplace for surplus goods, the company said today.

Scott Sumner, president and CEO, said CloseoutCentral has already attracted 106,000 buyers during its pre-launch test period of the past four weeks. The site is currently channeling more than 7,700 unique buying sessions daily.

Sumner, which also operates WholesaleCentral.com as a marketplace for wholesalers and retailers, allows sellers on CloseoutCentral to list products in multiple categories for an annual membership fee of $398, the company said. CloseoutCentral charges no transaction fees. Clients can update inventory information 24/7, Sumner said.

The site’s clients include dollar stores, convenience stores, drug stores, eBay sellers, surplus dealers, distributors and manufacturers. Sumner said he’s promoting the new site with search engine optimization efforts and e-mail campaigns to attract visitors.

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