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Technology Stocks : ECEC (formerly USSP)

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To: Gator who wrote (48)1/27/1999 1:24:00 PM
From: lindalib  Read Replies (1) of 361
 
Auction/trade site news:
RIVIERA BEACH, Fla., Jan. 27 /PRNewswire/ -- Today ecom ecom.com, inc. (BB: USSP) launched its new auction web site called the "ecom
ecom Trading Club." The site can be viewed at www.usas.com and will soon be available at www.ecomecom.com .
Unlike other auction sites such as eBay, ecom ecom does not charge for listing items to be auctioned and does not charge a percentage of the value of items sold. Instead, an annual membership in the Trading Club is available for $36, and a six-month membership costs $24. This entitles the seller to unlimited use of the site. A free 30-day trial is available to first-time users for a limited time.
In addition to the auction format, the Trading Club soon will add a Bargain Outlet and a Swap Shop. The Bargain Outlet is a store available for those who would prefer to list their items for sale at a set price, while the Swap Shop enables members to trade their items for something else on their wish list. The Trading Club allows its members to use all three facilities with no additional charge. According to David Panaia, CEO of ecom ecom.com,inc., "The Bargain Outlet also will be attractive to businesses who want to sell excess inventory or discontinued items or to businesses that simply want
to establish an Internet presence without investing in their own site."
An added feature of the Trading Club is ecom ecom.com's Secure Transfer Service. For an additional fee, the Trading Club will act as an escrow agent to ensure that the exchange is completed satisfactorily for both parties.
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