iSold It Launches New Resale Ticket Program; Sports Fans Have New Outlet to Sell Unwanted Tickets on eBay

Business Wire, Jan 26, 2006

PASADENA, Calif. -- Have tickets but can't make it to the big game? iSold It, the world's leading eBay drop-off chain, today announced a new service that provides an easy way for sports fans to score extra cash by selling unwanted tickets online. With nearly two hundred drop-off locations nationwide, iSold It offers a convenient and effortless way for anyone to sell unwanted tickets. Customers simply drop off their tickets and iSold It sells them on eBay, the nation's leading resale ticket platform. There's no upfront charge to list tickets, with a low 15 percent commission and processing fees deducted after the tickets sell.

For the past two years, iSold It has proven to be a trustworthy and successful reseller of goods on eBay, offering customers an easy, hassle-free way to sell online. Now, by entering the $25 billion secondary ticket market, iSold It has added a new category of items to its long list of successful online auctions. The company anticipates that tickets will be available for everything from concerts to theatre, but sporting events are expected to top the list as the most popular category.

"Sports fans have busy lifestyles and are not always able to attend the games they have tickets for," says iSold It President and CEO Ken Sully. "iSold It offers a local, convenient way for fans to recover the cost of their unused tickets. Customers just come to any of our stores and drop off their tickets. After the tickets sell, they get a check in the mail."

There are no upfront fees and iSold It handles the entire transaction including shipping or local pickup. Unlike other online ticket resellers, iSold It does all the work of selling the tickets without using any of the customers' personal information. iSold It can list tickets for sale within 48 hours and deliver them to the buyer in time for the event.

About iSold It

iSold It offers its franchisees a turn-key program that makes it easy to open an iSold It drop-off store in their local community. The company hosts a proprietary software system that allows independent stores to easily interface with e-commerce sites, manage their inventory, create management reports and efficiently pay customers through a bulk-rate check payment system. In addition, iSold It helps franchisees secure store locations, orders and installs their turn-key "store-in-a-box" build-out, provides training and support, and leads overall national and local marketing efforts.

The concept for iSold It was created by Elise Wetzel as she was helping to fundraise for a new playground at her children's school. Elise recognized that auctioning donated items on eBay could be a powerful fundraising tool, especially if there were a service that helped make it easy. From this small idea for a school benefit came the foundation for iSold It -- providing an easy way for any person, business or organization to sell things online.

Today, iSold It is the number one seller on eBay and is ranked by Entrepreneur magazine as the number one franchise in the eBay drop-off store category. iSold It currently has nearly 200 open nationwide, over 800 franchise stores under contract, and is opening a new store on average every three days. iSold It is registered to sell franchises in 50 states. For more information, visit www.i-soldit.com.

iSold It, LLC is a privately held company. Each iSold It store operates under a unique eBay ID. iSold It(R) and the iSold logo are trademarks of iSold It, LLC.