Business Services Industry
Bidville's Online Activity Soars as eBay Raises Online Fees
Business Wire, Feb 15, 2005
CLEARWATER, Fla. -- Bidville, Inc. (OTCBB:BVLE), a rapidly growing online auction company and an alternative to eBay (Nasdaq:EBAY), has announced today that it has seen significant growth and activity on its site and is benefiting from recent fee increases reported by eBay. Bidville does not charge listing fees and its final success fees are competitively lower than other auction sites. Bidville has realized notable growth particularly throughout the last year in the areas of registered users, increasing over 1,000% to almost one million members. In addition, items listed daily on the website have increased over 170% to approximately three million items.
"Bidville is committed to its community of registered members and shareholders. With the current growth rate, continued business development and website advancements, we believe realization of the Company's growth and earnings potential will be positively recognized by the marketplace," stated Michael Palandro, Bidville's President and CEO.
Bidville's rapid growth has been credited to increasing levels of new buyers and sellers, which is directly related to the site's attentiveness and comprehensive customer service. Members have praised the user-friendly functionalities in searching for auctions, as sellers have in using the Bidville Express Loader feature. "Bidville's website is continuously expanding to include improvements directed at the needs of Bidville's growing and active member community," added Michael Palandro.
This expansion has included 7,200 categories for sellers to choose from and the successful launch of Bidville Stores in November 2004. Currently, Bidville has over 570 storefronts. The addition of Bidville Stores to the website, along with existing functionalities, has provided Bidville with a full complement of effective functionalities to meet all the needs of its buyer and seller community. "Bidville's venue globally represents an efficient and viable auction and fixed price marketplace for buyers and sellers to conduct and complete e-commerce successfully," Palandro further stated.
Additions to the web site include a newly redesigned investor relations page, which features recent TV and news segments about Bidville, as well as direct links to the company's SEC filings and press releases.
About Bidville
Bidville, Inc., a Nevada corporation, was founded in 1999 as an on-line auction alternative to eBay. The company provides unique user features, such as Storefronts, Watch List, Image Gallery, and fixed price listing options. Bidville is headquartered in Clearwater, Florida U.S.A. For further Company and product information, please visit the Company's website at http://www.bidville.com. Additional information, including current financial data, is available in current Securities and Exchange Commission filings.
This release contains statements that constitute forward-looking statements. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.
For further information regarding risks and uncertainties associated with Bidville's business, please refer to the Company's filings with the Securities and Exchange Commission (SEC), including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q, all of which may be obtained through the SEC's website at: http://www.sec.gov; or by accessing Bidville Investor Relations information on the Company's website at: www.bidville.com/help/investorrelations.htm; or by directly contacting Bidville's investor relations department via e-mail at: investorrelations@bidville.com.
All information in this release is as of the date of this release. The Company undertakes no duty to update any forward-looking statement to conform the statement to actual results or changes in the Company's expectations.
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