Market Overview

QuiBids Improves Auction Format Offering More Products

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OKLAHOMA CITY, Oct. 31, 2012 (GLOBE NEWSWIRE) -- QuiBids.com, the world's leading entertainment retail auction, announces the biggest update to its auction model since the site was established in 2009. All QuiBids auctions for tangible products now offer customers their choice from a variety of comparably priced items. The new auction model was introduced steadily over the course of several weeks to allow customers time to acclimate to it.

"Since the introduction of the new model, we're now hosting more auctions to keep up with customer demand," said Jill Farrand, QuiBids' director of public relations. "A huge majority of our customers responded with increased participation on the site, which is allowing us to offer more auctions and a wider range of products than ever before."

As opposed to the original single-item auction format, QuiBids now offers multiple-product auctions allowing customers to bid essentially on a specified price point and choose from a list of products at or near that price. The number of available products is different for every auction and could be anywhere from a few dozen to over one hundred.

"The most regularly recurring feedback we received from customers prior to the auction format improvement was to increase our product selection," said Farrand. "The new format creates a sense of freedom our customers did not have before, and it significantly amplifies the Buy Now value proposition to our customers as well." Many of these comments came via the QuiBids Facebook. We thank our community for the feedback and are happy to provide this new format."

About QuiBids:

QuiBids launched in October of 2009 and has expanded with their improved internet auction model. QuiBids live auctions are more exciting, reliable and safer than other online auction websites and is a Better Business Bureau (BBB) accredited business.

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Contact Information

Jill Farrand

Ph: 405-253-3883

Email: jfarrand@quibids.com

This information was brought to you by Cision http://www.cisionwire.com

http://www.cisionwire.com/quibids/r/quibids-improves-auction-format-offering-more-products,c9324792

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