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FOR IMMEDIATE RELEASE

Pompano Beach, FL - - April 27, 2006 - Oltiby Inc. has recently enhanced its Website to give buyers even more power to control prices for the items they purchase at auctions. The exciting enhancements at Oltiby.com are part of the company's online reverse auction service that allows buyers to set the price--not sellers.

Oltiby.com provides an innovative online marketplace for buyers and sellers to conduct trade. "Buyers post what they want to buy; sellers compete, posting their bids and reducing their prices to win the auction," explained Sylvain Reiter, VP of Oltiby Inc. "The buyers are responsible for a small fee--2.75 to 5.25 percent--based on the value of the lowest bid."

With Oltiby.com, it's the buyer's demand that drives down prices. Consumers decide the maximum amount they are willing to pay for an item. Then, essentially, they select the seller who's willing to come down to their price level. This "reverse auction" format creates a revolutionary way for purchasers to secure merchandise. "Current regular forward auction process has been accepted by everybody in the online world thanks to eBay," Reiter explained. "And even though it has been used for years, it is not economically logical. Prices should go down based on sellers' competition, not vice-versa."

Oltiby.com has created a unique new marketplace for both buyers and sellers. Its reverse online auctions service is a powerful tool that anyone can use to augment their activities on other online resources such as eBay. "We actually complement each other," Reiter said. "For instance, a buyer who cannot find a unique item on eBay.com can come to Oltiby.com, post a 'wanted ad' and wait for the sellers to bid."

Oltiby is the first company to offer such comprehensive access to online auctions in reverse, according to Reiter. As a result, consumers and businesses can enjoy a variety of benefits not readily available through the traditional marketplace. They can:

• Save 10 to 40 percent due to the heightened competitive environment among sellers.
• Conserve time because there's no need for research or comparison shopping.
• Avoid frustration and surprises, as prices will never increase.
• Pay ad posting fees only if their listing receives bids.
• Access a wide range of products easily and conveniently online.

Although Oltiby.com primarily caters to buyers, Reiter emphasized, the site is not intended to undermine sellers. "Sellers have the power to determine how much they want to sell their product for," he added. "They are not forced to sell; they decide what their limit is."

Oltiby.com offers valuable benefits to sellers wanting to take advantage of online auctions. There are no subscription, posting or bidding fees, so they can use it completely free. Sellers also can receive advertisements with pictures and a bold listing free of charge, as well as free email notifications when buyers post in their selected category.

For more information about how Oltiby's online reverse auctions are impacting the marketplace, visit www.oltiby.com. Or contact the company directly at info@oltiby.com.

FOR IMMEDIATE RELEASE

Pomapno 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.