Proxibid Announces Strongest September in History, Record-Breaking Third Quarter

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Proxibid Announces Strongest September in History, Record-Breaking Third Quarter

OMAHA, Neb.--(BUSINESS WIRE)-- Proxibid (www.proxibid.com), the world's largest, most trusted online marketplace for buying and selling high-value and specialized assets, today announced that the Company had its most successful September to-date, and a record-breaking third quarter. Total revenue for the company grew a staggering 59% in September 2012 over September 2011, and increased 34% for the quarter over third quarter 2011 results.

"The third quarter, specifically September, brought us remarkable results," said Ryan Downs, President and CEO of Proxibid. "Our value proposition is strong and clients believe in the work we are doing to help them sell assets to buyers located across the globe. Both buyers and sellers find great value in the Proxibid Marketplace, which is evidenced by the revenue growth this quarter."


Advertising revenue for the company increased by a record-breaking 199% for the month of September, and by 209% for the quarter over the same period in 2011, further illustrating the value Proxibid clients find in marketing their sales directly to buyers in the Proxibid Marketplace.

"Our September sale had record results," said Tim Weeks, auctioneer with Ocala, FL-based Weeks Auction Company. "Online sell-through for this auction was just over 25%, with 199 accepted online bidders and almost 36,000 online catalog views. We leveraged Proxibid's advertising and marketing services in new ways with this auction, and the results speak for themselves."

Sellers choose to partner with Proxibid to gain access to the most exclusive and powerful online marketplace in the industry, backed by the most sophisticated and secure technology solution available. Proxibid's marketplace reaches millions of pre-qualified buyers around the globe, who rely on the site because it offers access to more content than other online providers. Additionally, Proxibid's online bidding application is intuitive and easy-to-use, making it the preferred choice for leisure and professional buyers, alike.

For more information about Proxibid, please visit www.proxibid.com.

About Proxibid
Proxibid provides asset owners of all sizes and buyers with access to the world's largest, most trusted online marketplace and selling solutions for excess inventory. More than $2 billion in inventory passes through Proxibid's marketplace annually in product categories that include heavy equipment; commercial and industrial equipment; real estate; fine art, antiques and collectibles and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE. For more information about Proxibid, please visit www.proxibid.com.



Proxibid
Dana Kaufman, 402-505-7776
dana.kaufman@proxibid.com

KEYWORDS:   United States  North America  Nebraska

INDUSTRY KEYWORDS:

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