Finally, Local Auctions, AuctionCities.com Goes Public
10 August 2005 - 7:40PM
PR Newswire (US)
VALENCIA, Calif., Aug. 10 /PRNewswire-FirstCall/ --
AuctionCities.com, Inc., new in the auction industry, announced,
today, that they are now trading publicly as AuctionCities.com --
reference: National Stock Quotation Board (Pink Sheets: AUCC).
(Logo: http://www.newscom.com/cgi-bin/prnh/20050810/LAW062LOGO)
AuctionCities.com offers services that other auction sites may
never be able to offer their customers. With patents pending, they
are the originator of "Micro-auctioning" (local auctions) now
offering "Shop your Zip-code" for local convenience. While others,
boldly, have copied this feature, none provide the comprehensive
service AuctionCities.com offers. AuctionCities.com has over 40,000
U.S. Zip-code sites in support of its unique feature, and
prioritized 156 major cities, easily accessible on the
AuctionCities.com homepage. As of today, they are all activated and
available to the public. AuctionCities.com has developed a new and
exciting feature which is the perfect on-line trading solution for
people who want to shop in neighboring areas or buy larger items
like cars, appliances, furniture. Sellers and traders have
hesitated to participate because of the ever-increasing risk,
excessive shipping or transaction charges. The localized aspect of
AuctionCities.com eliminates the buyer's inability to inspect an
item, prior to the transaction, due to the long-distance. Now,
AuctionCities.com offers the same global website services as other
auction sites, however, the AuctionCities.com sales service
charges, and all fees are extremely low while member-friendly
policies are emphasized. Currently, AuctionCities.com has
approximately 3,000 categories and tens of thousands of items as a
newcomer in the auction industry. As a publicly traded company,
AuctionCities.com is able to announce its unique features to the
American Public. AuctionCities.com is the alternative and
convenient way for local auctioning and shopping. The factors
discussed below and elsewhere in this Memorandum could adversely
affect the value of the Company's Common Stock. In addition, the
factors discussed below and elsewhere in this Memorandum may
constitute forward-looking statements and, as such, may involve
known or unknown risks, uncertainties and other factors which may
cause the actual results, performance or achievements or the
Company to be materially different from any future results
performance or achievements expressed or implied by such
forward-looking statements. Any forward-looking statements
contained in this Memorandum should not be relied upon as
predictions of future events. Such forward-looking statements can
be identified by the use of forward-looking terminology such as
"believes," "expects," "may," "will," "should," "could," "seeks,"
or "anticipates," or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy.
Such statements are necessarily dependent on assumptions, data or
methods that may be incorrect or imprecise and they may be
incapable of being realized. The following factors may constitute
or include cautionary, forward-looking statements identifying
important factors with respect to such forward-looking statements,
including certain risks and uncertainties that could cause actual
results to vary materially from the future results covered in such
forward-looking statements.
http://www.newscom.com/cgi-bin/prnh/20050810/LAW062LOGO
http://photoarchive.ap.org/ DATASOURCE: AuctionCities.com, Inc.
CONTACT: AuctionCities Publicity Department, +1-866-587-8921, Web
site: http://www.auctioncities.com/
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