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PRESS RELEASE
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Contact:
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Charles Park
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PriceOut.com
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FOR IMMEDIATE RELEASE
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Phone: (727) 785-8084
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New Auctioning Website Forces Sellers to Bid Against Each Other. Consumers Get More Value From Their Purchasing.
Clearwater, FL, June 21, 2004 - PriceOut.com announces the launch of its new on-line auction site, giving consumers the advantage of positioning multiple Sellers to bid against each other, pushing the final sale price lower and resulting in the lowest price offered winning.
PriceOut.com gives consumers a virtual version of traditional want-ads, but takes the process a step forward by combining it with Internet auctions. The Buyer posts a free want-ad on the site and any number of potential Sellers can respond with products they feel meet the Buyers' needs.
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"We're out to change the balance of power in consumer-to-consumer commerce," said PriceOut President Charles Park. "Our site has been developed from the ground-up with the Buyer in mind."
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"Traditional auction sites put full advantage of the sale into the hands of the Seller. The Seller controls the negotiation of the sale by pitting multiple would-be Buyers against each other, forcing the price of the product higher, and often resulting in a higher than justified price for the winning bidder."
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"PriceOut.com changes that by having only one buyer and multiple would-be Sellers. The Sellers are forced to work the final price as low as possible in order to win the sale."
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The site incorporates a sophisticated negotiation tool, enabling Buyers and Sellers to talk to each other online. The two parties are able to easily work with each other to come to a sale agreement or, at the Buyers discretion, end negotiations. Managing competing Sellers is done with the sites' easy-to-use account management tools.
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"Compared to other consumer-to-consumer e-commerce sites, PriceOut.com will be friendlier to the Buyer, have far less cost to the Seller, and bring the most value to consumers by creating a virtual marketplace of competing sellers," said Park.
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"Interest in this concept for everyday products has been tremendous - the site was flooded with hits right from the moment it became public."
For more information or to post an ad, visit www.PriceOut.com.
PriceOut.com is operated under the Florida Corporation of PriceOut LLC, and is headquartered in Clearwater, Florida.
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