To: Curious Gamble who wrote (17123 ) 4/7/1999 2:20:00 PM From: nurk Read Replies (1) | Respond to of 37507
Here comes another one... April 07, 1999 14:05 Former IBM Net.Commerce lead developer and usedcomputerexchange.com founder launch edeal.com Person-to-Person Auction Site TORONTO--(BUSINESS WIRE)--April 7, 1999-- First Four Months of New On-Line Auction, with Unique Anti-Fraud Services, Experiences Rapid Growth with 50% Increases in Traffic, Revenues, Registered Users and Transactions Processed Edeal Service Corp. today announced the official launch of edeal.com, the most advanced person-to-person on-line auction site providing multiple selling and purchasing alternatives. Colin Webster, founder of UsedComputerExchange.com, and Leon Kuperman, former lead developer of IBM's Net.Commerce established the auction Web site. The edeal.com Web site went live on December 21, 1998 and has been experiencing over 50% growth in traffic, revenues, page views, registered users and transactions processed since the site's launch. During the month of April, edeal.com is new registered users a chance to win a RIO portable music player. "edeal.com also was designed to offer buyers and sellers peace-of-mind by providing one-of-a-kind services such as bid and purchase tracking, 100% anti-fraud services, evaluation aids for computers and the ability to rate sellers to help build their reputations within the community," said Colin Webster, President of Edeal Service Corp. "We want to give buyers and sellers a completely safe and comfortable environment to conduct business and create the world's largest flea market." edeal.com's unique in-house escrow services enable buyers to pay for items instantaneously by using the edeal.com secure credit card payment system. The benefit of using credit card payments is it significantly reduces total transaction time by eliminating the most tedious parts of an anonymous deals. This system also acts as a secure, anti-fraud environment because edeal.com holds the buyer's money until the buyer has received the goods. When the buyer is happy, the money is forwarded to the seller. "Forrester Research Inc. predicts the newest high growth niche within Internet industry is the auction e-commerce area which is expected to grow more than 70% annually for the next five years," said Leon Kuperman, Chief Technical Officer of Edeal Service Corp. "The knowledge I gained helping build IBM Net.Commerce and working directly with its customers will give edeal.com a competitive edge over other on-line auction site like ebay.com (Nasdaq:EBAY), Onsale Inc. (Nasdaq:ONSL), Bid.com (TSE:BID) and Ubid Inc. (Nasdaq:UBID) because we have far superior technology and greater management experience in dealing with customer services." edeal.com offers the following 13 services not found at other auction Web sites. 1. Anti-Fraud Services - in-house escrow services to protect buyers and sellers against fraud 2. Try it for Free - sellers don't pay the posting fee if the item doesn't sell 3. Free Mac & PC Evaluators - find out the worth of a particular new or used computer 4. Credit Card Payment - enables speedier transactions between buyers and sellers 5. Automatic Transfer of Personal Ratings - edeal.com accepts ratings amassed at any other auction site 6. Strong Privacy Policy - buyers/sellers e-mail addresses are not accessible by anyone 7. Frequent User Program - get credit toward free postings 8. 300 Currencies - only auction Web site to offer more than one currency 9. Multiple Posting Options - open/reserve auctions and "InterActive Classifieds" 10. Instant Update - buyers/sellers can see postings immediately 11. Free Image Upload - upload images of posted items to edeal.com's server for free postings 12. Advanced Parametric Search - posted parameters of common items are entered in separate fields to allow search results that match specific criteria 13. Add Your Own Category - registered users may add new categories instantly About Edeal Services Corp. Located in Toronto, Canada, Edeal Services Corp. is the most advanced person-to-person trading community in the world to buy and sell items that aren't easy to find. edeal.com is focusing on the global market by offering over 300 different currencies to choose from and the ability to make payments instantaneously on credit cards to the company's escrow account for faster transactions as well as to protect buyers and sellers from fraud. edeal.com provides the on-line shopping community with three selling alternatives, two payment methods including credit card payments and a Rewards Program to help pay for advertised listings. edeal.com also provides buyers and sellers with a free computer evaluator service to determine the fair market value of any PC or Mac on the market - as profiled in the New York Times, March 4. edeal.com is a Certified Merchant with Visa and Mastercard via Internetsecure, and the Company is a member of the Better Business Bureau. For more information about the company and its products or services visit the edeal.com home page at www.edeal.com, send e-mail to info@edeal.com or call 1-888-256-0481. CONTACT: William Taylor T@ylor PR for edeal.com Phone: 908-928-0600 E-mail: wtaylor@taylorpr.com