Rbid.com Joins Online Auction Fray

Rbid.com Inc. Thursday entered the online auction fray with a “live” auction site which allows the general public to sell products and services and pay no commissions.

RBID’s free service will officially kick-off the bidding process on May 15.
“Live” Auction will be a free listing site for users and merchants from the
e-tailer’s RMall stores.

The Rbid.com auction site will enable Rmall.com business merchants
to move idle products by directing products from their Rmall stores to the
auction site.

Rbid.com’s auction services will attempt to aggressively
compete head on with major players in this realm.

“The ‘live’ auction site utilizes advanced technology features that rivals
our competitors including, UBID Inc., eBay Inc., Onsale Inc. and
Amazon.com Inc. We have recently concluded major partnership agreements
that will allow RBID instant access to millions of consumers and
merchants,” said Rbid.com’s Peter Ferras.

“We are now setting out to establish strong name recognition in this emerging,
lucrative and fast growing Internet market…RBID.com plans to compete, and
compete well, in this sector.”