LONDON, January 26 /PRNewswire/ --

- Most Established eBay Alternative to Spend 2008 Profits on Marketing 
and Site Enhancements

To support its 2009 growth ambitions eBid.net will re-invest its 2008
profits into UK marketing initiatives to include key strategic partnerships
and national advertising. Additionally, to make its site quicker and easier
to use, eBid is investing in technical and design improvements. These include
its 'Ninja Lister' desktop software application to enable offline auction
creation and ease the transfer of auctions from other sites; its first public
API to support third party applications and widgets; the creation of a Who's
Online System to bolster an already huge and vibrant online community and the
introduction of non-English versions of the site.

Says eBid Co-founder, Mark Wilkinson: "We are continually reinventing
ourselves as new technology and designs become available. 2008 was a period
of rapid growth for eBid and this investment program, which follows feedback
from our subscribers, will further improve and promote our business."

As it celebrates its tenth year, eBid remains committed to person to
person online trading. Offering free listings and low or zero selling fees,
it has experienced 7 - 15% consecutive monthly growth with listings doubling
to 2.4 million across 9,000 categories since its expansion into new European
territories last year. Today eBid is a vibrant international business
spanning the UK, US and Canada, Europe, Asia, and Australasia.

At a time when, according to Sky News, as many as 115 businesses could
fail every day in the UK over 2009 as the economy falters, eBid continues to
grow and expand.

Adds Mark: "In this tough economy, we want to ensure that sellers make
great profits on our site and buyers, who are increasingly looking for second
hand or discount items, get the best deals around. To help our community
during these tough times, part of our investment will include regular and
ongoing cash back promotions for both buyers and sellers as thanks for
helping us take a large chunk of the online auction market."

About eBid.net (www.ebid.net)

Founded in 1999, eBid.net is now a global company committed to
person-to-person online auctions. eBid.net is recognized as the 'best eBay
alternative' by Webuser Magazine 
(http://www.webuser.co.uk/sites/site_review.php?rev_id=4615)

Sources:

Sky News (http://news.sky.com/skynews/Home/video/Trouble-ahead-in-2009-for
-small-businesses-with-as-many-as-30000-expected-to-go-under/Video/
200812415195448?lpos=Business+News_15&lid=VIDEO_1745753_Trouble+Ahead+For
+Small+Firms&videoCategory=Business+News) (Due to length of URL, please cut 
and paste into browser.)