[May 07, 2012]

Proxibid Introduces Instant Purchase Capabilities for Timed Auctions

Proxibid (www.proxibid.com), the world's largest, most trusted online auction marketplace for buying and selling specialized assets, today introduced "Instant Purchase" capabilities for timed auctions. This new feature provides auction company partners with the ability to post items for sale in timed auctions and to offer an "Instant Purchase" price, enabling bidders to enjoy instant gratification as they forego the budding process.

"Proxibid has consistently been a leader in developing technology for the auction industry. Today's announcement provides another tool that I am able to present to sellers that enhances the flexibility and the marketability of my service," said Peter Gehres, Auctioneer and President of Belhorn Auctions. "Proxibid's Instant Purchase feature is an exciting marketing tool that will allow my firm to approach sellers with more options. This is a win-win-win for auctioneers, sellers, and buyers."

Proxibid's "Instant Purchase" serves as a supplemental sales tool, further enabling auction companies to secure new consignments. Auction companies now have the ability to "set it and forget it" and allow bidders to choose the purchase method that best fits their needs. For biddes, "Instant Purchase" provides the added convenience of purchasing an item immediately without having to wait for the auction to close.

"Auction companies and bidders have been requesting this feature and we are thrilled to be able to deliver," said Jason Nielsen, Vice President of Risk, Payments and Product for Proxibid. "Instant Purchase will dramatically change the way buyers interact in our marketplace and which we believe will lead to increased sales for our auction company partners who choose to take advantage of this new feature."

"Instant Purchase" is an optional feature available to all auction companies that utilize Proxibid's timed auction solution, and is available beginning today.

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About Proxibid
Omaha-based Proxibid brings auctioneers and bidders together for a world-class online auction experience. Since 2002, the Company has worked with more than 2,500 auctioneers to bring more than 35,000 auctions to a global, online audience. With registered bidders from more than 190 countries, no other provider in the industry connects more buyers and sellers than Proxibid. The Company's proprietary live Internet bidding service and Web site were developed by auctioneers and industry-leading professionals to provide our bidders with the most user-friendly and comprehensive online auction experience possible.

Proxibid's customer service and support is unmatched in the industry. The company's toll-free support center is open before, during and after every live auction, and is staffed with bi-lingual auction specialists who assist both bidders and auctioneers. For more information about Proxibid, please visit us online at www.proxibid.com.

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