AuctionCities.Com Creates Automotive Marketplace for New and Previously Owned Vehicles

Two-pronged Strategy Focuses on Business-to-Business and Consumer Markets

VALENCIA, Calif., Aug. 30 -- AuctionCities.com, Inc. , the originator of "Micro-auctioning," local geographically oriented online auctions; today announced that they will create a unique automotive-focused marketplace using their innovative technology platform. The AuctionCities.com Automotive Marketplace will target both business-to- business (B2B) as well as business-to-consumer (B2C) markets.

AuctionCities.com intends to include the inventory databases of major national automotive aggregators into its Business-to-Business Marketplace at http://www.auctioncities.com/. New and previously owned vehicles will be offered for sale at either a fixed price or via auction format. This Marketplace will give local automobile dealers direct access to automotive wholesalers' inventory from the convenience of their desktops. Revenues from the B2B Marketplace will be generated from leads garnered through AuctionCities.com.

In the Business-to-Consumer (B2C) Marketplace, local automobile dealerships will be the foundation of the automobile inventory. Revenues in the B2C Marketplace will come from dealer advertising and sales commissions, which are based on the final sale amount of an item.

"We are highly confident that the interest in our Automotive Marketplace and the increased traffic to the AuctionCities.com website, will enable us to expand into a consumer-to-consumer model as well," said Michael Berman, AuctionCities.com, Inc. CEO. "In keeping with our 'Micro-auctioning' identity, we will be sorting the inventory of national companies and listing by the location of that product in major U.S. cities, currently available to the public in 157 markets, through our patent-pending feature 'Shop Your Zip-code.' AuctionCities.com is currently planning similar ventures in the Real Estate, Consumer Electronics and other categories," Berman concluded.

About AuctionCities:

AuctionCities.com, Inc., is the originator of "Micro-auctioning," local geographically focused online auctions marketed as "Shop your Zip-code."

AuctionCities.com is the state-of-the-art alternative and convenient way for local auctioning and shopping. We host local auctions for geographies represented by more than 40,000 U.S. Zip-code specific sites and prioritized 156 metropolitan areas using our patent pending business methods and technology.