VALENCIA, Calif., Aug. 10, 2005 (PRIMEZONE) -- AuctionCities.com, Inc., new in the online auction industry, today announced that it is now trading publicly as AuctionCities.com (Pink Sheets:AUCC).
AuctionCities.com offers services that other auction sites may never be able to offer customers. With patents pending, the company is the originator of "micro-auctioning" (local auctions) -- offering "Shop your ZIP code" for local convenience. While others have copied this feature, none provide the comprehensive service AuctionCities.com offers.
AuctionCities.com has over 40,000 U.S. ZIP code sites in support of its unique feature, and prioritized 156 major cities, easily accessible on the AuctionCities.com homepage. As of today, theses features are all activated and available.
AuctionCities.com has developed a new and exciting feature, which is the perfect online trading solution for people who want to shop in neighboring areas or buy larger items like cars, appliances and furniture. Some sellers and traders have hesitated to participate in online auctions because of the ever-increasing security risk and excessive shipping/transaction charges. The localized aspect of AuctionCities.com eliminates these fears and allows buyer's to inspect items prior to the transaction.
AuctionCities.com offers the same global Web site services as other auction sites, however, its sales service charges and listing fees are less than its competitors.
Currently, AuctionCities.com has approximately 3,000 categories and tens of thousands of items as a newcomer in the auction industry.
For more information, visit www.auctioncities.com.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of AuctionCities.com, Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and those actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events, or changes to future operating results.
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