LabX reports it is increasing staff, equipment and office space to accommodate accelerated growth to its online high-tech equipment marketplace. The company said it showed 56% growth in Internet traffic in September, and experienced revenue growth of 82% year-over-year. Bob Kafato, CEO of LabX, said, "Our customers continue to tell us that they prefer the LabX auction marketplace for buying and selling scientific equipment over other venues." LabX, an online-auction site for scientific equipment and supplies, said it is adding servers and will be linked to a high-speed fiber optic network. In 2005, it will launch a series of initiatives including a site redesign, which will add clearer navigation and increased usability.

http://www.labx.com