FOR IMMEDIATE RELEASE
AuctionWatch Offers New Merchant Services to Facilitate Trading on eBay`s Online Trading Site
San Bruno, Calif., (July 24, 2001) - AuctionWatch (www.auctionwatch.com), a leading provider of software solutions enabling businesses to efficiently sell merchandise on emarketplaces, and eBay® (NASDAQ: EBAY), The World`s Online Marketplace TM, today announced a strategic agreement in which AuctionWatch will become an eBay Preferred Provider. The company also announced it is enrolled in eBay`s Application Program Interface and Developer`s Program (API).
eBay acknowledges a select list of qualified vendors through its Preferred Provider Program who market their products and services to manufacturers, liquidators and other high-volume sellers to help them sell merchandise on the eBay trading site. AuctionWatch qualified to be a part of this program that was recently launched, along with a handful of other select companies.
AuctionWatch, already the largest third party merchant supplier to eBay helping merchants transact more than half-a-billion dollars in merchandise in 2000, offers services and solutions to provide businesses with a seamless process to connect into eBay`s trading site. AuctionWatch`s recently announced Business Solutions program will provide companies of all sizes with a choice of automated and scalable plans and customized solutions to manage the entire selling cycle and fulfillment process. In addition, AuctionWatch provides value-added information to arm merchants with knowledge of the marketplace to effectively merchandise, market, price, and brand their items for the best return on their investment.
"We are extremely pleased to be working with eBay and honored to qualify as a Preferred Provider," said John Vigouroux, President of AuctionWatch. "eBay recognizes the value that AuctionWatch offers to enterprise businesses looking at eBay`s platform as a powerful distribution and liquidation environment for their goods. We`re excited to develop and cultivate this strategic relationship to help volume sellers leverage eBay`s powerful marketplace."
"We are happy to welcome AuctionWatch to the Preferred Provider Program," said Jeff Housenbold, vice president and general manager of the eBay B2C Group. "AuctionWatch will help retailers, manufacturers, and liquidators efficiently market their merchandise to eBay`s dynamic marketplace of nearly 30 million registered users."
"As online auctions evolve into emarketplaces and continue to gain traction in online retailing, large volume sellers such as manufacturers and liquidators need to equip themselves with the tools to reach the most buyers and to administer auctions efficiently. The tools and services needed for these sellers include automating order fulfillment and processing, integrating with the online marketplace channel and the company`s other backend systems, and culling data from the auctions for future marketing purposes to help large volume sellers leverage this channel," said Jonathan Gaw, research manager with IDC. "And, obviously, any complete online sales and emarketing solution targeting consumers needs to have a close relationship with eBay."
As part of the overall agreement, AuctionWatch joined eBay`s Application Program Interface and Developer`s Program (API), and will access eBay`s data directly through the API. In order to provide its customers with a more reliable, secure, scalable and seamless integration into eBay`s marketplace AuctionWatch has agreed to disable its robotic access to the eBay site. Launched in November 2000, eBay`s API provides the knowledge and tools developers need to create applications based on eBay technology.
With three-quarters of a million registered users and nearly three million unique visitors to the site per month, AuctionWatch is widely recognized as the company of choice for businesses looking to efficiently distribute merchandise online and cost effectively acquire customers. In addition to its suite of powerful seller services, AuctionWatch offers buyers an industry-leading search capability, allowing them to conveniently locate items across numerous auction and fixed-price sites. The company also publishes daily content on the auction industry and has the most active independent message boards of its kind. Based in San Bruno, California, AuctionWatch is privately held and funded by Sequoia Capital, Technology Crossover Ventures, CMGI @Ventures, meVC Draper Fisher Jurvetson Fund I (NYSE: MVC), Angel Investors LP, Bulldog Capital, Argus Capital and private investors. Visit the AuctionWatch Web site at www.auctionwatch.com.
# # #