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Recent News Stories from eNewsChannels™ >> News Article

Edited by Carly Zander, assoc. news editor


INNOVATIVE WEB-BASED APPLICATION CHANGES BUSINESS SALES MODEL

Whether Selling Cars Or Shoes, Web Application Provides Ultimate Flexibility With Lower Cost

HOUSTON, TX. - June 25, 2003 /Send2Press Newswire/ -- 5X Communications, LLC (www.D2Dauctions.com) has entered the web-based applications market with a revolutionary "Private Brand" auction software. Combining Internet with Brick & Mortar models in one format, they provide a unique sales approach with the choice of multi-style auctions. Their primary target is auto remarketers, a $93 Billion industry, providing versatility, and ease of use to current B&M auctions lacking an interactive web presence. The 24/7 online sales model, and average cost of 2.5% of the sale, breaks the format used for 50 years. Ultimately, this versatility and adaptability to ANY clients needs, works for everything from selling autos to selling shoes, thus providing a new and cost effective way to market.

By utilizing a "modular" design that allows for tailoring of the site to the client's needs. They provide 'open' or 'closed' abilities, provide for auto-bidding and registration functions, "Buy It Now" functions, and auto-upload of photos from client files with unlimited item description, to mention a few. Design allows for bulk discounts in pricing as well.

Mike Terry, Sr. Partner with 5X Communications, says, "the ability to provide a client of any type this adaptability, allows their using the 'name brand' they have spent years to develop, thus using E-commerce like never before."

"With billions of dollars spent yearly to promote a major name brands, businesses are gambling with their image to sell on other major auctions", he said.

Terry pointed out, "In April, CalCruising, the second largest online auction site for collector cars, announced they want business partners, nationally and internationally, with an interest in operating their own auction online." He added, "The market is ripe... that's why they offer their auction licenses starting at $50,000 for a complete turnkey operation."

Terry said, "We did look, prior to developing our own product, at other companies with similar software. One said they wanted roughly $85,000 a year to simply set up and maintain just one auction with these capabilities we offer." He pointed out that 5X starts with a base charge of 2.5% of the sale, and no licensing or setup fees for 99% of their clients.

Terry, a believer in making operations cost effective, asked, "Why would a major player like Dell, IBM, and others, spend money selling on other auctions, when they can easily sell through their own auction front, protecting their brand sales"?

Terry states that with use of the "Private Brand" auction, the seller can have their own auction tailored to their brand, for a fraction of the "typical auction" cost. "We know from actual experience," he said, "that an auto remarketer will typically spend $200 to $400 per vehicle to run at a typical auction house. Then most pay a sale fee and other charges, and many are running a dozen or more cars every week. That is a ridiculous cost to their bottom line!"

With an unbelievable potential in all areas, Terry sees more than just autos here. "We can provide salvage liquidators, antique dealers, bankruptcy and estate attorneys the power of online auction sales", he said, "with a minimal cost based only on what sells". The power of "Private Brands" gives inexpensive options to Charities and Non-Profit groups to do fund raising as well. "Imagine, a school can have a year-around fund raising project, without the dangers of going door-to-door selling candy and magazines... and keep 98% of the money"!

5X Communications will soon be launching web based E-commerce storefronts, website builders, site monitoring systems, and an online education system for all students.

Their programing and systems management has over 40 years combined experience in development and implementation. Combined with their own servers, they can offer top service and quality to their clients, and provide services that meet their needs. They spent over a year developing this concept of the "Private Brand" prior to entering the market place this year.

Source of news: 5X Communications, LLC
Website: www.D2Dauctions.com



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