Net2Auction Sees Exponential Growth with eBay Drop-off Services

Strategic Insights -

Net2Auction, a leading provider of auction drop-off services, has announced significant growth after expanding its operations with a second warehouse facility. With over 36 pallets of items received to sell through eBay, the company's second warehouse is reaching capacity, indicating a surge in demand for its services. Net2Auction's CEO, Delmar Janovec, attributes the growth to continued expansion in its drop-off and pickup business, as well as a large industrial liquidation order.

Key Takeaways:

  • Net2Auction's second warehouse facility is reaching capacity with over 36 pallets of items to sell through eBay, indicating a significant surge in demand for its services.
  • The company has received more than 36 pallets of items to sell, pushing the second warehouse to its storage limits.
  • Net2Auction's eBay drop-off services are experiencing rapid growth, with plans to deploy its services nationwide and establish 75 eBay drop-off locations by year-end.
  • The company's virtual store tour and promotional video can be viewed at http://www.net2auction.com/videos.html.
  • Net2Auction provides a full-service eBay auction listing program with a customer satisfaction rating exceeding 99% and offers eBay drop-off services at 49 locations through partnership with pack and ship centers.
  • Net2Auction has a winning formula for success, with minimal cost of inventory, rapid expansion, and lucrative consignment fees.

Statistics:

  • 36 pallets of items received to sell through eBay, pushing the second warehouse to its storage limits.
  • 49 locations offering eBay drop-off services through partnership with pack and ship centers.
  • 23 affiliate eBay drop-off locations in 15 states with backend processing services.
  • 75 eBay drop-off locations planned nationwide by year-end.
  • Customer satisfaction rating exceeding 99%.
  • Over 15 states supporting Net2Auction's affiliate eBay drop-off locations.

Sources:

  • Net2Auction, Inc. press release, September (Pink Sheets: NAUC).
  • Net2Auction, Inc. website, http://www.net2auction.com.
  • Investor Relations contact: investors@net2auction.com, 800-450-1935.
  • ABOUT NET2AUCTION section of Net2Auction, Inc. website.