To: Sonny Blue who wrote (52831 ) 4/26/1999 7:42:00 PM From: Glenn D. Rudolph Respond to of 164684
$3,250,000 Million in Pre-Auction Bids Received for Internet's Largest Sports Auction BUSINESS WIRE - April 26, 1999 12:41 WORCESTER, MASS. (April 26) BUSINESS WIRE -April 26, 1999--Sales OnLine Direct, Inc. (OTC BB:PAID - news) announced today that the "worlds largest sports memorabilia auction" available for viewing online has surpassed the $3,250,000 Million mark. The auction has gone beyond the company's expectations. "We feel confident that adding 'Auction Services' as a new division was a great move for the company," stated Greg Rotman CEO of www.SalesOnLineDirect.com. "This division is targeted at automating auction companies that want a presence on the Internet. We will assist those companies with our proprietary software and technology making their auctions capable of real-time and interactive bidding. The end goal for the company is to create a portal for antiques, collectibles, art and memorabilia offered at auction by the best companies in their field. We feel working with proven top of the line auction houses is part of what sets us apart from competitors like Amazon.com Inc. (Nasdaq:AMZN), and Onsale Inc. (NASDAQ:ONSL)." The nearly 1,200 lots of sports memorabilia can be located at www.auctioninc.com. Items for auction include the T206 Sweet Caporal Cigarettes Honus Wagner baseball card, Joltin' Joe DiMaggio's 1947 Road Flannel Jersey, Michael Jordan's drivers license and an Historic Babe Ruth Home Run Ball, to name a few. Mastro Fine Sports Auctions, the nation's leading auctioneers of sports memorabilia, are producing the auction. Mastro chose Sales Online Direct to host the site due to its state of the art technology and strong reputation. Mastro Fine Sports conducted the largest sports auction ever held in November 1998, which exceeded $5.4 million. The April offering is estimated to reach four million dollars. Principals at Mastro include Bill Mastro, who has been in the sports memorabilia business for 30 years and conducted Sothebys (NYSE:BID) sports auctions from 1991 to 1994, and Don Flanagan, who conducted Christie's sports auctions from 1993 to 1997 and is the sole authenticator and appraiser for the MCI National Sports Gallery in Washington, D.C. This release contains forward-looking statements with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Although the company believes that the expectations reflected in the forward-looking statements and assumptions upon which forward-looking statements are based are reasonable it can give no assurance that such expectations and assumptions will prove to have been correct. -0- sb/bos* CONTACT: Sales OnLine Investor Relations: Penny LaFortune, 508/753-0945 or Silesky Marketing Press Relations Susan Silesky, 410/356-7900 KEYWORD: MASSACHUSETTS NEW YORK INDUSTRY KEYWORD: COMED COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET SPORTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com News provided by COMTEX