Auctionbytes-NewsFlash, Number 144 - August 20, 2001 - ISSN 1539-5065
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Auctionworks Reports Positive Quarterly Results
By Ina Steiner
AuctionBytes.com
Auctionworks, a provider of online marketplace sales management services, said it realized a 39% increase in sales for the second quarter of 2001. (Auctionworks is a privately-held company.) The company said it continues to gain momentum in the online retailer and liquidator segment. Such customers include Mitsubishi Electric, Ritz Camera and The San Francisco Music Box Company. "Online auctions provide a perfect venue for the liquidation of surplus inventory," said Scott Whitsitt, Manager of Internet Business for Mitsubishi Electric. "Auctionworks has allowed us to successfully complete online transactions without altering our current sales process or adding expensive infrastructure."
http://www.auctionworks.com
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