OnlineAuction.com, Inc. Appoints New Chief Financial Officer

    /24-7PressRelease/ - GRANTS PASS, OR, April 10, 2006 - Bill Collins, the newly appointed CFO of OnlineAuction.com, brings with him over 15 years experience in the Internet and data communications industry, ranging from start-up companies to companies ranked in Fortune 500's Top 10.

Collins specializes in strategic business plan development and helping growth companies, like OnlineAuction.com, raise capital for expansion.

Collins' primary focus will be on developing strategic business relationships, negotiating investor involvement and helping the company formalize its business practices.

In the past Collins has spearheaded major site developments including Fandango.com, raised over $100M for Internet companies, and created a broad range of innovations that are licensed across a wide range of leading Internet companies including Real Networks, Inc. and Sun Microsystems.

"I'm very enthusiastic about joining the company at this time as OLA is destined to be a dominant force in the online auction marketplace," said Collins.

"The days of sellers and buyers getting charged on a per transaction basis are fast becoming a legacy business model. OLA is poised to become the dominant player in this market segment because it delivers the greatest value as the least cost provider. I expect this means that OLA will become the premier online commerce destination in the near future.

This is a vibrant sector of the Internet that may well become the cornerstone of all transaction services and online retailing."

Collins attended Babson College as a business major in Boston, Mass. and was graduated from the University of Minnesota with a degree in marketing and business.

Currently residing in Portland, Oregon, Collins will be splitting his time between there and OnlineAuction.com's Corporate Headquarters in Grants Pass, Oregon.

About OnlineAuction.com
OnlineAuction.com is transforming the Internet auction industry with a fee structure that allows sellers to list as many items as they wish for $8 a month. This pricing strategy eliminates individual listing fees, re-listing fees, and final value fees (commissions). OnlineAuction.com offers unique features like five different auction formats, freedom to link to you own website, automatic re-list, and TRUE competitive bidding.

Contact info:
Patricia Cruz
OnineAuction.com
VP Media Relations
[email protected]
www.onlineauction.com

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