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Auctions International Inc. Announces Virtual Dealership Affiliates KELOWNA, BC--(MARKET WIRE)--Jul 23, 2008 -- Auctions International Inc. (Other OTC:AUCI.PK - News),
a technology company that owns and markets proprietary software
that
enables real time online auctions of virtually any commodity
in the
wholesale market, announced today that it is taking applications
from
qualified individuals to develop virtual Automotive Dealerships
throughout
Canada and the United States. Affiliate Dealerships will
have a virtual
inventory from the www.AutoBidLive.com
web site which will allow their
retail clients to bid on any vehicle on the www.AutoBidLive.com
website for
a small fee. Douglas G. Mann, President and CEO of Auctions International, said, "These Virtual Dealerships will provide added exposure and bids for our current licensed dealers. Through the increased exposure we become another marketing arm for our dealer customers in the Retail Market. This innovative concept will allow qualified individuals to enter the retail side of the Automotive Industry without the huge upfront costs of inventory. The Virtual Dealer Affiliate will need to be licensed and will not be allowed to post cars for sale; they can only search out and bid on vehicles for their customers. The additional revenue streams generated by retail affiliates will be good for the company, while at the same time providing significant savings to retail buyers. The dealers that have posted vehicles on our site for sale will now have the added retail exposure from all over North America. We believe that given fuel prices and increasing overhead costs, this is the way of the future for automotive sales. As our wholesale market has demonstrated, North America is ready for this paradigm shift NOW." This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. Contact: For Further Information contact:
Doug Mann
President and CEO
Auctions International Inc.
dgmann@auctionsintinc.com
250-317-8885
http://www.auctionsintinc.com
AutoBidLive Auctions Inc.
http://www.autobidlive.com
Source: Auctions International Inc.
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