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CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 15, 2005--Bidville, Inc.(OTCBB:BVLE), a rapidly growing online auction company and analternative to eBay (Nasdaq:EBAY), has announced today that it hasseen significant growth and activity on its site and is benefitingfrom recent fee increases reported by eBay. Bidville does not chargelisting fees and its final success fees are competitively lower thanother auction sites. Bidville has realized notable growth particularlythroughout the last year in the areas of registered users, increasingover 1,000% to almost one million members. In addition, items listeddaily on the website have increased over 170% to approximately threemillion items.
"Bidville is committed to its community of registered members andshareholders. With the current growth rate, continued businessdevelopment and website advancements, we believe realization of theCompany´s growth and earnings potential will be positively recognizedby the marketplace," stated Michael Palandro, Bidville´s President andCEO.
Bidville´s rapid growth has been credited to increasing levels ofnew buyers and sellers, which is directly related to the site´sattentiveness and comprehensive customer service. Members have praisedthe user-friendly functionalities in searching for auctions, assellers have in using the Bidville Express Loader feature. "Bidville´swebsite is continuously expanding to include improvements directed atthe needs of Bidville´s growing and active member community," addedMichael Palandro.
This expansion has included 7,200 categories for sellers to choosefrom and the successful launch of Bidville Stores in November 2004.Currently, Bidville has over 570 storefronts. The addition of BidvilleStores to the website, along with existing functionalities, hasprovided Bidville with a full complement of effective functionalitiesto meet all the needs of its buyer and seller community. "Bidville´svenue globally represents an efficient and viable auction and fixedprice marketplace for buyers and sellers to conduct and completee-commerce successfully," Palandro further stated.
Additions to the web site include a newly redesigned investorrelations page, which features recent TV and news segments aboutBidville, as well as direct links to the company´s SEC filings andpress releases.
About Bidville
Bidville, Inc., a Nevada corporation, was founded in 1999 as anon-line auction alternative to eBay. The company provides unique userfeatures, such as Storefronts, Watch List, Image Gallery, and fixedprice listing options. Bidville is headquartered in Clearwater,Florida U.S.A. For further Company and product information, pleasevisit the Company´s website at www.bidville.com. Additionalinformation, including current financial data, is available in currentSecurities and Exchange Commission filings.
This release contains statements that constitute forward-lookingstatements. These statements appear in a number of places in thisrelease and include all statements that are not statements ofhistorical fact regarding the intent, belief or current expectationsof the Company, its directors or its officers with respect to, amongother things: (i) the Company´s financing plans; (ii) trends affectingthe Company´s financial condition or results of operations; (iii) theCompany´s growth strategy and operating strategy; and (iv) thedeclaration and payment of dividends. The words "may," "would,""will," "expect," "estimate," "anticipate," "believe," "intend," andsimilar expressions and variations thereof are intended to identifyforward-looking statements. Investors are cautioned that any suchforward-looking statements are not guarantees of future performanceand involve risks and uncertainties, many of which are beyond theCompany´s ability to control and that actual results may differmaterially from those projected in the forward-looking statements as aresult of various factors.
For further information regarding risks and uncertaintiesassociated with Bidville´s business, please refer to the Company´sfilings with the Securities and Exchange Commission (SEC), including,but not limited to, its annual report on Form 10-K and quarterlyreports on Form 10-Q, all of which may be obtained through the SEC´swebsite at: www.sec.gov; or by accessing Bidville InvestorRelations information on the Company´s website at:www.bidville.com/help/investorrelations.htm; or by directly contactingBidville´s investor relations department via e-mail at:investorrelations@bidville.com.
All information in this release is as of the date of this release.The Company undertakes no duty to update any forward-looking statementto conform the statement to actual results or changes in the Company´sexpectations.
--30--PP/mi* CONTACT: Bidville, Inc., Clearwater Stephen C. Gingrich, 727-442-9669 Investorrelations@Bidville.com or European Investor Relations: EU-IR Herbert Strauss, +43 316 296 316 Herbert@eu-ir.com KEYWORD: FLORIDA INDUSTRY KEYWORD: RETAIL INTERNET E-COMMERCE SOURCE: Bidville, Inc.Copyright Business Wire 2005
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