Auction management service Vendio is expected to announce record financial performance for 2004 later today, including:
GAAP net income rose more than 500 percent;
Three new services were introduced;
40,000 new subscriptions for paid services were added.
The company has had 9 quarters of GAAP profitability and what it says is a record first quarter. It is preparing to invest in additional new services. Vendio provides auction management tools to eBay sellers, including a storefront service. It launched in 1998 as AuctionWatch.
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