Auctionworks CEO Alec Peters sent a letter to customers on Tuesday announcing record growth. Peters said the auction-management software vendor grew from 18 to 35 employees and facilitated over $30 million in total merchandise sales on behalf of customers for the first 3 months of 2002. Peters said the company expects to reach profitability in the third quarter of 2002.

Auctionworks has also introduce professional services to compliment its technology platform. Auctionworks offers professional services, including item listing, monitoring and analysis, strategy development and execution, merchandising and marketing planning and tactics, enhanced reporting, customer care email support and professionally designed selling templates.

Peters also said Auctionworks will go live with its Yahoo!-auction capability within the next two weeks.