Proxibid Celebrates Record-Breaking Month and Quarter

Proxibid, the world’s largest provider of live auction webcasting services, today announced record-breaking results for the month of March and the first quarter of 2009. The Company experienced a 50% increase in the number of auctions hosted in March 2008, a 44% increase in the number of bidders participating over the number of bidders who participated online in March 2008, and a 40% increase in online sell-through percentage. For the quarter ending March 31, Proxibid realized 63% growth in the number of auctions and a 19% increase in the total sold online for the same period in 2008.

Based in Omaha, NE, Proxibid enables auctioneers to webcast their auctions live online to a global audience, and provides bidders the ability to bid and win from the comfort of their personal computers. Since the company hosted its first live auction webcast in 2002, Proxibid has worked with more than 1,500 auctioneers to bring more than 18,000 auctions online – more than any other provider in the industry.

“We have worked with Proxibid since 2005 and have hosted 288 auctions online with the Company,” said Kurt Aumann of Aumann Auctioneers. “We continue to work with Proxibid because of the Company’s dedication to being the best provider in the industry. Proxibid constantly reinvests in its infrastructure and employees to ensure they are delivering the best product on the market.”

Proxibid’s growth is especially poignant during this economic downturn. The company attributes its growth to the increase in farm and heavy equipment auctions as well as the rise in timed, online only auctions. Another area for growth is real estate, which continues to expand as investors take advantage of the lowest interest rates seen in years.

“Now, more than ever, the auction method is the preferred means of buying and selling online,” said Bruce Hoberman, CEO of Proxibid. “Auctioneers can rest easy knowing they will sell their items at the highest prices the market will bear, and buyers have confidence in knowing they are buying their items at the best prices possible. Everyday, we enable small, local businesses to bring their goods to a global audience via our online auction solution.”

About Proxibid

Since 2002, Proxibid has webcast more than 18,000 auctions – more than any other company in the industry. Proxibid’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 live 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.

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