Press and Public Relations - Oltiby Inc

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Online Auctions Opening - October 15th, 2005

Revamped Online Reverse Auctions Website Creates Cost Control and Savings for Buyers

FOR IMMEDIATE RELEASE

Pompano Beach, FL - - October 15 2005 - Oltiby Inc. is pleased to announce the launch of its innovative reverse online auctions Website, which gives buyers--not sellers--the power to set sales price.

Oltiby.com provides a unique marketplace for buyers and sellers to trade merchandise in a revolutionary atmosphere. Oltiby.com is an inexpensive marketplace where buyers can acquire a wide range of products in various categories. Users can hold online reverse auctions for everything except jobs, illegal content and x-rated material.

"Buyers post their 'wanted ad' and their maximum price, and we, at Oltiby, provide the service of bringing new suppliers to bid on the reverse auctions and win the sale," said Sylvain REITER, Vice President of Oltiby Inc.

Reverse online auctions provide buyers with a new way to save money on their purchases, and it's a concept that's rapidly gaining popularity in the marketplace. Oltiby.com provides a wealth of information to help users become acquainted with every aspect of reverse online auctions. "The general public is not aware of these methods," Reiter said. "That's why we have available on our Website many tips on auctions, advantages to sellers and buyers, as well as how to post ads, organize shipment, and make sure everything goes well in the Web auction world."

Essentially, online reverse auctions place buyers in the driver's seat. Buyers avoid wasting time shopping around for items; they don't have to pay for their ad if they don't receive any bids; and they can choose the lowest bid and save up to 40 percent off merchandise.

Oltiby.com also is designed to benefit sellers--who can use the site for free, Reiter added. Sellers don't have to pay subscription, posting or bidding fees. They also can create wanted ads at no charge and receive free email alerts when listings are posted in their category.

Both buyers and sellers can use the power of Oltiby.com to supplement their activities at other online resources such as eBay. For example, buyers who can't find what they're looking for on eBay can post wanted ads on Oltiby.com and wait for sellers to post bid. Likewise, sellers can capitalize on Oltiby as a procurement solution. "Ebay has created a lot of opportunities for new businesses," Reiter said. "Our goal is not to compete with them; we actually complement each other."

More information about Oltiby's online reverse auctions is available at www.oltiby.com. Or contact Oltiby at info@oltiby.com.