Auto Bid Systems, Inc. Announces Next Version of eNegotiation for Online Vehicle Customers

HERNDON, Va., March 13 -- Auto Bid Systems, Inc., (ABS) an eCommerce and advertising firm, announced today the release of myLIVEoffer.com(TM), the latest version of their online eNegotiation and web advertising solution. myLIVEoffer.com(TM) provides vehicle dealers with a better way to advertise their inventory and transact online with auto, RV, boat and motorcycle buyers.

"Online car buyers, for example, can conduct eNegotiations with local dealers in much the same way they do traditionally -- 'offer, counter-offer, agree and lock-in' just like in the showroom -- only without the travel and hassle," notes Ken Lees, CEO of Auto Bid Systems. "By clicking the LIVEoffer(TM) button on a dealer's website or specific vehicle, consumers may begin the vehicle price negotiation; and do it while protecting their anonymity in the convenience of their home or office."

A recent myLIVEoffer.com(TM) customer from Russel Automotive near Baltimore commented, "What a great way to buy a car ... it saved me time, energy, and hassle -- and allowed me to avoid the dreaded car dealer showroom experience. No more 'let me get my sales manager' to get a deal done." She added, " ... thanks to whomever that company is that created the technology -- all car dealers should sell cars this way!"

ABS solutions have been designed and created to accomplish two major goals: to provide online consumers a more enjoyable, "friction-free" way to engage in price negotiations and to provide vehicle dealers with more serious, qualified buyers at a lower acquisition cost.

Numerous vehicle dealers are seeing the value. "We are having many discussions with a variety of clients ranging from auto dealers from around the country to dealers in other arenas such as the marine and motorcycle markets," Ken states, "we really see ourselves as the "professional's alternative" to the online auction because consumers utilizing this system are one-on-one with dealers and not bidding against one another.

Additionally, ABS is advancing on more enhancements to their platform, offering dealers more effective ways to publish their inventory anywhere on the Internet their customers congregate.

About Auto Bid Systems, Inc.

Auto Bid Systems, Inc. owns and operates myLIVEoffer.com(TM), the first customizable Internet Advertising and eCommerce solution that allows Auto Dealers to present a specific car or group of cars anywhere that Internet buyers congregate. On the Dealer's web site, to search engines, via banner ads and CRM newsletters, myLIVEoffer.com(TM) gives car shoppers an anonymous, time and cost effective eNegotiation experience, which benefits the Dealer through lower advertising and transaction costs and a more satisfied customer. myLIVEoffer.com(TM) integrates with the dealership's DMS, allowing Dealers to easily control vehicle pricing, pictures and vehicle information details. Once the vehicles have been selected for Internet presentation and priced, the ads created by the Dealer that enable buyers to eNegotiate, lock-in and guarantee the purchase price of the vehicle they want before visiting the Dealer showroom to finalize their purchase.