USAWeb.com Acquires Auctionweb.com
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USAWeb.com said the transaction allows it to offer visitors to its sites with an array of traditional auctioneers currently housed on Auctionweb.com's servers.
Auctionweb.com members join an existing community of about 1,500 auctioneers in the USAWeb Auction Community. Members include the state auctioneer association's Web sites of Arizona, California, Florida, Washington and Michigan, plus the Auction Marketing Institute's official Web site.
New England Technology Information Service (NETIS), a New Hampshire-based Internet service provider and consulting firm, created the foundation for Auctionweb.com in September of 1995. NETIS built its business around being a full-service Internet company for the auction industry. The business evolved to more than 100 web sites hosted by NETIS, including the first official National Auctioneers Association (NAA) Web site. NETIS president Eric Poole sold the Auctionweb.com business--via an auction.
USAWeb.com was founded in February of 1995 with the launch of the Internet Auction List.