Dynabazaar Inc., formerly FairMarket Inc., announced the completion of its transition services agreement with eBay, Inc. Since it sold substantially all of its operating assets to eBay on September 4, 2003, Dynabazaar has been providing services to eBay to fulfill customer service obligations under customer contracts assumed by eBay. The transition services agreement expired on December 31, 2003.
Dynabazaar also announced the resignations of its Chief Executive Officer and Chief Financial Officer as well as two of its directors effective as of December 31, 2003. Dynabazaar Board of Directors now consists of Rory J. Cowan, Lloyd I. Miller, III, James Mitarotonda and Joseph R. Wright, Jr. James Mitarotonda, a Director since September 2003, has been appointed Chief Executive Officer and Mel Brunt has been appointed Chief Financial Officer effective as of January 1, 2004.
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