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_15lid=VIDEO_1745753_Trouble+Ahead+For +Small+FirmsvideoCategory=Business+News) (Due to length of URL, please cut and paste into browser.)

Helen Downey or Michelle McKay, Downey McKay Marketing, +1-954-804-1941, helen@downeymckay.com