Reverse Auctions Information Center

Oltiby.com strives to keep all current users, website visitors, and future buyers well informed about the reverse auction practices, safe purchases, and new open venues for more and greater savings. This site presents the only complete reverse auction site with such service by including all possible product categories and buyer's features. It is the only site that does not charge its users if their buying ads did not receive any bids. In addition, Oltiby marketplace ensures that the reverse auction process will provide the greater or at least the same level of benefits and protections like the current selection procedures set up by various industries and government bodies. We offer five strong reasons and points to our visitors and participants to use reverse online auctions:

• Reverse auctions do assure the lowest price for buyers
• Reverse auctions discourage imprudent bidding practices (closed auctions conducted by invitation only)
• Open bidding allows the fairest live and consistent auctioning system
• Two round bidding ensures that the winning bidder is qualified and prescreened
• Reverse auctions comply with federal and certain state procurement laws

Oltiby.com is the leading reverse auction promoter in raising general public, government and industry awareness about reverse auctions entering into the real world market. Despite the popularity of the regular online auctions, reverse auctions are the logical representative of the capitalistic approach. The process of standard auction seeks to drive the prices up, while the term "reverse" represents the process of a reverse auction that drives the prices down. The beneficiaries are both the buyers and the sellers. Buyers receive their commodities for less money and the sellers have access to the worldwide markets that were unreachable before.

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