Proxibid Auctions Shatters Company Records in March

. April 8, 2010

Proxibid, the world’s largest provider of live auction webcasting services, today announced that the Company has experienced its most successful month to-date. Proxibid shattered records for online sales, new bidder account creations and the number of events hosted in a single month. Online sales for the month of March increased 56% over the same period in March, 2009, while the number of new account creations increased 46% year-over-year. Proxibid hosted a record-breaking 750 events during March, a 30% increase over the number of auctions hosted in March, 2009. For the quarter ending March 31, the Company realized a 47% increase in online sales and a 14% increase in the number of new bidder registrations for the same period in 2009.

Proxibid brings auctioneers and bidders together for a world-class online auction experience that is unmatched in the industry. Proxibid’s proprietary online bidding solution emulates the live auction and ensures bidders experience the same level of excitement online as they would onsite, but without having to travel to a live event. This dynamic solution provides auctioneers with direct access to a global base of active bidders.

“We have been working with Proxibid since 2003 to bring our auctions online,” said Dayton Roller of Roller and Associates. “Proxibid has enabled us to grow our business by allowing us to reach bidders on a global scale. As Proxibid continues to grow, we continue to see increased online bidding results and are looking forward to future projects alongside this important partner.”

Proxibid also experienced growth in Internet traffic during the first quarter, as Web site traffic increased 16% and page views increased 35% over the same period in 2009. This increase can be attributed to Proxibid’s new, strategic Internet marketing campaign, which launched in the first quarter, as well as the growing popularity of online bidding. The Company also made enhancements to its online bidder registration process, enabling Proxibid to convert more bidders than ever before.

“Proxibid continues to be the answer for auctioneers who want to reach bidders on a global scale,” said Bruce Hoberman, CEO of Proxibid. “The direct impact Proxibid has on our clients’ bottom lines has been dramatic. We serve as the world’s largest aggregator of targeted, active online bidders and this connection has enabled many of our auctioneers to grow significantly since becoming Proxibid clients.”

About Proxibid

Omaha-based Proxibid brings auctioneers and bidders together for a world-class online auction experience. Since 2002, the Company has worked with more than 2,000 auctioneers to bring more than 23,000 auctions to a global, online audience. With registered bidders from more than 180 countries, no other provider in the industry connects more buyers and sellers than Proxibid. The Company’s proprietary live Internet bidding service and Web site were developed by auctioneers and industry-leading professionals to provide our bidders with the most user-friendly and comprehensive online auction experience possible.

Proxibid’s customer service and support is unmatched in the industry. The company’s toll-free support center is open before, during and after every live auction, and is staffed with bi-lingual auction specialists who assist both bidders and auctioneers. For more information about Proxibid, please visit us online at www.proxibid.com

Category: Online Auctions

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