Net2Auction Expanding eBay Drop-Off Services to Orange County, Calif.; Net2Auction is a Leading Provider of Auction Drop-Off Services

Business Wire, June 22, 2005

LAS VEGAS -- Net2Auction Inc. (Pink Sheets: NAUC) today announced that it is expanding its eBay drop-off services to Orange County, Calif., via execution of an agreement for its first eBay drop-off location in that county.

This agreement marks commencement of Net2Auction's first expansion outside of its home territory of San Diego County, Calif., and is indicative of its endeavor to reach its goal of 75 eBay drop-off locations by the end of 2005 throughout Southern California and across the nation.

The company expects to have the first of Net2Auction's Orange County eBay drop-off centers, located at a pack-and-ship center in Laguna Hills, Calif., ready to begin accepting eBay drop-off orders within the next few weeks. Orange County, with more than 2,980,000 residents according to the U.S. Census Bureau, ranks as California's second-largest county.

Delmar Janovec, president of Net2Auction, noted, "We have built a commanding presence in San Diego County, and are now beginning expansion into Orange County, Calif., and beyond. This agreement marks an important development for Net2Auction, as this will become our first eBay drop-off location outside of our home territory.

"We believe we have developed a solid 'cookie-cutter' approach to establishing eBay drop-off locations, and we plan to continue deploying our services throughout Southern California and nationwide. Between Los Angeles, Orange, and San Diego counties alone, we can tap into a market of nearly 16 million people.

"Estimated to be a $30 billion annual industry, we believe we are targeting a market with immeasurable opportunity. Management believes that we are facing what could be one of the greatest growth opportunities of this decade," Janovec concluded.

Net2Auction's entrance into Orange County is subsequent to the company announcing expansion objectives to deploy its eBay drop-off services nationwide. The company originally set its goal of 50 eBay drop-off locations, but given the company's progress to date, Net2Auction has revised its expansion plans to include 75 eBay drop-off locations by the end of 2005.

Net2Auction is a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at company locations. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

Net2Auction is positioning itself to be the fasting-growing company in its space in terms of opening locations at a faster rate than any other company in the marketplace.

Net2Auction allows people to easily sell their items on eBay by dropping unwanted goods off at company locations. The company provides a full-service eBay auction listing program that boasts a customer satisfaction rating that exceeds 99%. Selling on eBay with Net2Auction is easy -- customers just bring valuable, yet unwanted goods into a Net2Auction drop-off location and we do all of the work.

Customers can get in and out of our store in less than five minutes, and we take care of all the eBay selling tasks including product description, photos, payment processing and collection, and shipping. In exchange for providing eBay drop-off and consignment services to its customers, Net2Auction charges a service fee against the final sale price of the item.

With national expansion plans and currently offering eBay drop-off services at 37 locations through partnership with pack-and-ship centers, Net2Auction has a winning formula for success: we have no cost of inventory, we are undergoing rapid expansion, and we earn lucrative consignment fees while making our customers money.

As auction drop-off services such as Net2Auction are gaining the momentum that has been expected, industry analysts expect this exponential growth to continue.

More information is available at www.Net2Auction.com. Investors and media can receive a free investor kit for Net2Auction Inc. by contacting Investor Relations at investors@net2auction.com or 800-450-1935. Net2Auction's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.

To review the aforementioned California population data, please visit http://www.census.gov/.

About Net2Auction

Net2Auction Inc. is a leading provider of auction drop-off services that allow people to easily sell their items on eBay by dropping unwanted goods off at Net2Auction locations. Getting its customers in and out of its drop-off locations in less than five minutes, the company offers a full-service eBay listing program that requires almost no effort on the customers' part.

Currently offering eBay drop-off services at 37 locations and undergoing rapid expansion, Net2Auction's growth is fueled by the increasing number of consumers who would like to sell unwanted goods on eBay but don't have the time, energy, or know-how to do so.

Net2Auction -- You bring it in. We auction it online.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its products, competition, limited service and manufacturing facilities, dependence on technological developments and protection of its intellectual property. The company's actual results could differ materially from those discussed herein.