80 Year Old Business Man Turns to Live Internet Auction Broadcast to Liquidate 75 year old business

Market Wire, December, 1999

Daminianos Sapontgis an 80 year old merchant operating Clara's Bridal Shop and Nelson Furs on one of the oldest main streets in the United States has hired AuctionQuest.com to liquidate via traditional auction and internet simulcast . Dominianos does not personally own a computer but knows his current customers use the internet regularly. Dominianos hopes to capitalize on the hot on-line shopping frenzy this holiday season. The shop owner wants all of his inventory of wedding gowns, formal gowns, dresses and furs gone by the end of the live auction sale that starts 12:00 noon December 20, 1999 to be held at his store at 42 Park Ave, Rutherford, NJ.

By using a live auction broadcast technology invented by AuctionQuest.com (a New Jersey internet start-up company from Wyckoff , NJ), Damanianos expects to attract Brides, Wholesalers and Fur seekers worldwide as well as local Jobbers and Shoppers. Interested bidders can register at www.auctionquest.com or go directly to the store to place a bid and try on merchandise.

Internet participants will be able to view a live picture from the auction, listen to the auction, chat at the auction, and of course bid at the auction. AuctionQuest.com provides a unique online broadcast service that utilizes its proprietary internet technology. What makes AuctionQuest.com unique is the fact that an audience online can chat with people that are bidding from around the world while still participating at the auction. The proprietary chat area is part of the whole auction experience. AuctionQuest invites bidders, as well as other related businesses to participate on-line during the auction to try to drum up their own business. Observers are also welcome to visit and compare prices on-line.

When asked about his reason for using the internet for such a specific liquidation, the shop owner replied. "I am not too old to take first steps. We need help in closing our business. We are not going out without doing our very best and using every tool at our disposal. These internet people are brilliant marketers. I've been around for a long time and I know when to jump into the wave of the future."

Some of the items to sell are 300 wedding gowns, dresses, formal gowns. Over 100 furs including Sable, Mink, Beaver, and Fox furs and of course wedding accessories.

AuctionQuest.com allows the remote internet user to bid against the bidder present at the auction sale expanding the demand at the traditional auction and adding validity to the internet auction shopping experience.

AuctionQuest.com has completed 117 broadcasts since its inception. Including classic cars for Ebay, several antique auctions, the sale of Kenny Rogers home for 6.5 mil in Georgia, several Public real estate tax auctions in New York State, and cattle auctions in Iowa. AuctionQuest provides internet broadcast technology, auction services, and appraisal services.

SOURCE: Mark Nejmeh - AuctionQuest Inc 15 Union Ave, Rutherford, NJ 07070 1-800-932-3444