Weak Economy Fuels Growth of Online Auction Site

    GRANTS PASS, OR, October 21, 2008 /24-7PressRelease/ -- In the midst of rough financial times, the light at the end of the tunnel may well be online auctions. More specifically, OnlineAuction.com (OLA.com), a company with strong continued growth. OLA has a reached an all time high in the number of items listed and a growing member base.

Moreover sellers are actively working towards creating good deals for buyers by lowering reserves in their auctions, knowing that while buyers still need products for home use, clothing, or gifts for friends and family, financial reserves may be low. OLA members have formed a public-spirited, supportive community, many of whom hold charity auctions for those in need. They are always ready to help each other.

With companies closing their doors or down-sizing, people are looking for ways to supplement their incomes while saving money on gas, wear and tear on vehicles, child care and so on. Selling and buying online not only provides income but a convenient way to shop. It's a growth industry even during hard times. Says OLA CEO Chris Fain, "We are in an industry that will get much larger. People are able to create jobs for themselves right from home without burning precious fuel while looking for work or shopping for bargains. The internet will continue to grow and OnlineAuction.com will strive to become a place for small businesses to thrive."

The increasing number of sellers on OLA will offer even more bargains as the holiday season approaches, making both buying and selling on the site the wave of the future. "Our members' success is our success," concludes Fain.

OLA offers a low monthly membership fee, has no listing or re-listing fees, no final value fees, freedom to link personal website information in every listing, and true competitive bidding. For more information:

http://www.onlineauction.com/

To contact OnlineAuction.com, go to their website or call 1-800-900-1212.

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