Press and Public Relations - Oltiby Inc

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Oltiby Develops New Reverse Auctions Communities Online - July 25th, 2007

Yahoo Auction Closure: the Rise of Reverse Auctions? - June 16th, 2007

Oltiby.com Awards TeleSign As Security Provider - April 2nd, 2007 (download as PDF)

New MyBuyBlog Service Revealed on Oltiby.com Online Auctions Marketplace - November 5th, 2006

Online Auctions with Closed Bids - August 25th, 2006

Online Reverse Auctions - April 27th, 2006 (download as PDF)

Online Auctions Opening - October 15th, 2005

New MyBuyBlog Service Revealed on Oltiby.com Online Auctions Marketplace

FOR IMMEDIATE RELEASE

Jupiter, FL - July 25th 2007 --The new social network online communities are becoming more and more popular on the internet. Two platforms are leading the internet and allow members to make friends in their area, blog about their favorite TV show, share and tag photos about their last parties... Those websites are the new buzz of internet.

Oltiby.com has created new Facebook's and Myspace's profiles and groups to gathered all members interested in online auctions and the evolution of this model in the future. As a new incentive to participate in this online groups and grow the community, Oltiby is offering benefits to every new friend connection made within this Facebook's or MySpace's groups.

Oltiby promotes reverse auctions where the model is the opposite of eBay. The main difference resides in the role of each actor: there is one buyer and several sellers competing against each other and bidding low to win the sale. This way of auctioning brings a big change in the model and it takes time for any mind to get rid of the "eBay's way of making business"! Reverse auctions are still on their early days and very few people understand the benefits.

"Our objectives is to get the buzz out on the social networking sites" S.Reiter, VP Oltiby Inc explain. "We understand that the connections are easy to make between groups of members of related interests and we are confident that friends will share their success and savings made on oltiby.com. This is a new way of networking with other group of people, share new ideas and successful activities using reverse auctions."

The company has released a new advertising model by using the online communities to expand its network. Friends recommendations and other members' successful story will probably lead to an increase popularity of both sites. To know more about this development, visit http://www.oltiby.com/home-spread-word-about-reverse-auctions, or

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