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Aussies Breathe Life In To Tired Online Auction Formats

May 12, 2005 -- ReverseBid offers online shoppers the opportunity to bid on brand new products for a fraction of the retail price. From cars to plasma and LCD televisions, digital cameras to computers, members can stand to win the best products at well below retail.



The Australian site launched in March and has been received extremely well by the internet public.



"Members are rapt by the idea that they could pay $20 for an item that would be sold in a retail outlet for $30000.00" says Michael Bell. ReverseBid offers all off the shelf brand-new items with full warranties, unlike other auction sites than often offer used items.



"We wanted to launch the concept in Australia first because we know how savvy the Australian internet community is." Michael said. "The feedback we have received has been wonderful. Now that we have that home grown confidence behind us the United Kingdom, United States and New Zealand are in our sights."



ReverseBid.com.au has seen its membership triple in April alone with over 300, 000 people expected to participate by the end of the year.



ReverseBid.com.au is operated by 2Squared Media Pty Ltd, a wholly Australian owned company based in New South Wales. Visit www.reversebid.com.au for more information.

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