10/10/13
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`http://w w w .livebid.com/corp/fastfacts.html
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`Fast Facts
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`2 captures
`9 Oct 99 - 3 Nov 99
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`SEP OCT NOV
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`9
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`1998
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`1999
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`2000
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`Here are some fast facts about LiveBid.com and the rapidly growing industry niche of online auctions.
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`LiveBid.com is a Seattle-based company that pioneered live, event-based auctions on the Internet. Utilizing LiveBid.com's
`patent-pending real-time software technology, auction houses can broadcast their events over the Internet and online bidders
`can participate in live auctions as if they were physically present at the venue. LiveBid.com's software also enables bidders
`to review auction catalogues and place proxy bids prior to an event.
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`Matt Williams and Sky Kruse founded LiveBid.com in 1996. The company originally was called Innerlinx Technologies. The
`company relocated its offices to downtown Seattle after spending two years as a small business co-located in a family
`business.
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`LiveBid.com’s technology has been used successfully with a number of notable auctions, including the renowned Kruse
`International’s Scottsdale auction, the world’s second largest collector car auction. In the 1998 Scottsdale auction,
`LiveBid.com sold the original Batmobile featured in the movie, Batman Returns, to an Internet bidder for $201,000.
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`LiveBid.com provides a total turn-key solution for auctioneers who want to take advantage of the growing online auction
`market. LiveBid.com’s patent-pending software offers inventory preview, real-time bidding, audio streaming, transaction,
`online event management and online publicity.
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`The commercial auction market in the United States is estimated to be a $267.5 billion business. More than 600,000
`commercial auctions and more than 350,000 charity auctions are performed annually by more than 12,000 licensed
`auctioneers. (Source: National Auctioneer Association, MaestroSoft)
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`The auction market for personal property is estimated at $80 billion. (NAA Study and Morgan Stanley Dean Witter)
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`Online auctions represent a rapidly growing revenue opportunity. Jupiter Communications reported in Jan. 1999 that
`consumers will spend $7.1 billion on sales via online auctions over the next four years. By the year 2002, online auction
`buyers in the U.S. alone will grow to 6.5 million, representing 11 percent of the total online shopping population.
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`Management
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`Matthew Williams
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`Co-founder, president and chairman
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`Sky Kruse
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`Co-founder, vice president and technical director
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`Sean Duggan
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`Director of operations
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`Corporate Headquarters:
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`520 Pike Tower
`Suite 1005
`Seattle, WA 98101
`206-440-5469
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`Press Contact:
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`Bob Silver or Louise Mooney
`The Silver Company
`206-624-0388
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`10/10/13
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`Fast Facts
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`web.archive.org/web/19991009102059/http:/www.livebid.com/corp/fastfacts.html
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`eBay Ex. 1019, Page 2
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