Celebrates Five Year Anniversary with Launch of Auction Site

Rehoboth Beach, DE (PRWEB) August 28, 2006 the revolutionary e-commerce website for the steel industry will celebrate five years of success on September 4th, 2006, with the launch of a new auction website ( will host auctions for Steel, Metals, Scrap, Lumber, Chemicals, Paper, Plastics and other wholesale raw material products. will offer Standard, Blind and Reverse auctions allowing users to host auctions to both buy and sell wholesale raw material products.

“We will be promoting our customer’s auctions by marketing them to matching members in our ‘opt in’ database of over 10,000 registered members worldwide. will quickly become the leader in online wholesale raw material auctions.”

“For five years the suite of websites has been helping thousands of members buy and sell wholesale raw material products online and to grow their businesses. will be yet another powerful tool that will help members quickly turn inventory into cash or purchase materials at the best possible prices.” users have the ability to create online social capital utilizing a rating system for members who have completed transactions. Members have the ability to dictate terms and conditions for their auctions and complete transactions directly with the other party. Sellers pay a fee of just 3% (1.5% for steel scrap) when their reserve price is met with no listing fees. was launched on September 4th of 2001 and eight other e-commerce websites were launched in December of 2003 including: – – – – – –

For more information on

For Immediate Release:                    

Contact: Ken Hensey

August 25, 2006                            302.226.0367    

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