25 Floral Street
Covent Garden
London WC2E 9DS
Tel 02070318270
Mobile 07799714002
Fax 02070318271 Paul Lundy
Chief Marketing Officer
Marketworks
001.678.248.3332
plundy@marketworks.com
AUCTIONWORKS POSTS BEST QUARTER IN COMPANY HISTORY AND ANNOUNCES KBtoys.COM AGREEMENT
August 26, 2003 (ATLANTA)--- Atlanta-based Auctionworks™, the leading provider of online marketplace sales management software and services and an eBay Preferred Solution Provider, today announced results for the 2nd-quarter of 2003. Auctionworks' web-based software enables businesses to cost-effectively manage the complexities of selling via online marketplaces such as eBay.
"Auctionworks facilitated $64 million in gross merchandise sales for the 2nd- quarter of 2003, which represents an increase of over 90% versus the same period in 2002 and our third consecutive quarter of profitability". "Auctionworks now has over 500,000 auctions under management on eBay representing approximately 5% of the total listings on eBay.com," added Alec Peters, Auctionworks founder and CEO.
In addition to the company's strong financial performance, Auctionworks recently signed KBtoys.com (www.kbtoys.com). Auctionworks will list and track sales for the popular online toy and video game retailer's new eBay storefront. "Auctionworks provides the ideal combination of marketplace management software and selling expertise. They gave us the ability to quickly begin selling on eBay while taking advantage of our existing backend systems," said Steve Dong, Vice President of Business Development, KBtoys.com.
About Auctionworks
Founded in 1999, and named an eBay Preferred Solution Provider in 2001, Auctionworks is the leading marketplace management software provider. Auctionworks gives online sellers the opportunity to manage, launch and sell inventory via multiple online channels through a single, central software product. Auctionworks specializes in helping customers easily and efficiently utilize online marketplaces as an additional channel to sell inventory and acquire new customer relationships. For more information, visit www.auctionworks.com.
About KBtoys.com
Denver-based KB Online Holdings, LLC owns and operates two of the most popular online toy sites. KBtoys.com™ (www.kbtoys.com) offers thousands and thousands of the hottest toys and must-have video games. eToys® (www.etoys.com) features an incredible selection of popular toys and video games, plus unique learning and specialty toys. KB Online Holdings, LLC is the online subsidiary of Massachusetts-based KB Toys, Inc., the nation's largest combined mall-based and online specialty toy retailer.