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Going,
Going, Gone!
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BidVantage,
Inc., designers of an online electronics marketplace for buyers and
sellers, reports first quarter 2000 sales of $1.5 million. BidVantage’s
strong showing came just one week after launching the world’s first
anonymous open market reverse auction Web site. The BidVantage, Inc.
business model that incorporates an online, open market reverse auction
site with guaranteed product quality and anonymity where the lowest bid
gets the sale.
While the site does not sell traditional POS equipment, such as POS
terminals and printers, it does sell computers, printers, laptops,
networking and storage systems, and miscellaneous components from
manufacturers such as Hewlett-Packard, Compaq, Okidata, and Toshiba. If
you (or your merchants) are looking to upgrade your computers, you might
want to check out the BidVantage site—buyers and suppliers are protected
by anonymity.
The BidVantage business-to-business site provides buyers with competitive
bids as well as notices of underbidding. BVAssure, a value-added resource,
provides on-site inspections and product testing as well as vendor
certification.
“BidVantage is experiencing early success because we provide buyers
quick and easy access to more suppliers and level the playing field for
suppliers with the guarantee that the lowest price always wins,” said
Sheldon Malchicoff, founder, president and chief executive officer of
BidVantage, Inc. “Our goal is to streamline the procurement process for
both buyers and suppliers by making the experience efficient and fair.”
BidVantage’s headquarters is located in Camarillo, Calif., with European
operations located in Dublin, Ireland. BidVantage customers include
Original Equipment Manufacturers, Third Party Maintenance Organizations,
and Value Added Resellers. For further information, or to register online,
visit www.BidVantage.com
or call (310) 374-6893.
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