Flashbid Opens Online Auction – Changing everything you knew about online shopping.

From: GroupWeb EmailWire.Com
Published: Tue May 10 2005

West Windsor, NJ. -- Flashbid LLC launches Flashbid.com, a unique auction concept, to meet the demand for luxury items priced well below retail while donating to charitable organizations and non-profits through revenue generated by the auctions.

"Flashbid is unlike any typical auction on the net. We provide our members with the opportunity to bid on and purchase brand new name brand products at a fraction of their retail price," explains Eric Goldfarb, Director of Corporate Communications. For example, a Flashbid member can bid on and win a Mercedes SUV for $914.78 or an iPod Mini for $48.75. "A Rolex watch that retails for $4525," according to Mr. Goldfarb, "can be won for no more than the maximum Flashbid price of $267.98".

Flashbid’s distinctive position in the online auction market extends to its members’ usage of tokens to participate in the auctions: "Flashbid’s auction concept is unique in that members must use Flashbid tokens to bid in an auction. All auctions are blind auctions and only the highest unique bidder will win the auction," explains Eric Goldfarb, "in addition, every time a member uses tokens in an auction he will receive 10 opportunities to bid in the auction which makes the average bid cost $1.00 to $10.00 depending on the auction level." Flashbid rewards members with Flashbid points equal to the dollar amount they spend in the token based auctions, for use in the free auctions.

Flashbid is not only unique in the ways it serves it customers. The company is a social responsible organization that requires members to select a charity that they would like to support. According to Mr. Goldfarb, "when a member wins an auction, 5% of the revenue generated from the auction is donated to that member’s chosen charity."
Non-profit organizations are encouraged to setup fund raising programs as well. When an organization has someone register on the website and enter a special promotional code, $1.00 or more is donated to the non-profit when that member uses tokens in an auction.

About Flashbid LLC
Flashbid LLC was formed to fill a niche in the online auction and shopping categories. The founders saw some flaws in the typical online auction. Products were often misrepresented, never shipped and overpriced. Flashbid’s members can’t post products for auction and all the products are brand new, name brand products with full manufacture’s warranties. Prices are over 80% - 90% below retail and shipping is always free. For more information on Flashbid, contact Eric Goldfarb, Director of Corporate Communications at eric.goldfarb@flashbid.com, 866-966-3367 ext. 86 or visit

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