IRVINE, Calif., Sept. 29, 2008 (GLOBE NEWSWIRE) -- Amid a chorus of morbid news regarding the economy uttered this past week by President Bush and Fed Reserve Chairman Ben Bernanke, many Americans are concerned about the immediate impact upon their personal pocketbooks. A cloud of foreclosures, unemployment and inflation all surround individuals throughout their daily lives. It is undeniable that most Americans are facing serious changes now if they haven't already.
Despite this, some businesses find that the economic malaise has created a greater need for their technology and services. One such company, Zippi Networks, Inc. (Pink Sheets:ZIPI), may well be in the right place at the right time as they assist individuals in successfully selling items on eBay, creating a revenue stream for their customers and the company. With recession driven "yard sales" going online to an international market through the massive eBay venue, Zippi's stated mission to make eBay selling easier and more profitable gives consumers a turn-key way to get clutter out and cash in. Consumer belt-tightening should also send more buyers to eBay in search of discounts and value.
Factor in that recent wholesale changes on eBay.com make successful selling a more cerebral proposition where "Detailed Seller Ratings" and "Search Standing" greatly impact a seller's success in eBay's vast and competitive marketplace. Borrowing the collective knowledge of Zippi's veteran sellers steeped in these changes could greatly impact the values realized in eBay auction and fixed price format listings.
Zippi also seems to have crafted a business plan ever-mindful of previous eBay consignors' mistakes by going directly to the consumer and picking-up the goods as well as using a pricing predictor to better prepare the consumer and set sweet-spot prices. Utilizing a pick-up process versus forcing the consumer to lug their goods to a drop-off store should greatly enhance Zippi's inventory and commissions from these sales.
Early returns have been positive for Zippi with the company now approaching $500,000 in total revenues. According to Zippi, monthly recurring revenues are showing the traction needed to ramp marketing efforts, expand new channels, and build towards a cash flow positive goal for Q2 2009.
The confluence of eBay's changes and a struggling economy may well have set the table of opportunity for Zippi, giving the company a wide berth in which to capture market share. Ironically, it may soon prove to be the market's broader troubles that smoothes the path for this emerging Internet company.
For a StockUpTicks profile of Zippi, please visit: http://stockupticks.com/profiles/9-29-08.html
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