LabX Listings Exceed 50,000

Online auction service for laboratory, medical and test equipment experiences rapid growth.

(PRWEB) January 23, 2004

In the past four months LabX has greatly increased the number of laboratory, and medical products offered for auction and for sale. Since October 2003, LabX listings have increased from 5,000 to more than 50,000 items. “We are really excited by this large increase in listings on LabX in such a short period of time. We estimate that the value LabX delivers to our sellers has risen from $30 million to over $60 million per year,” says Bob Kafato, CEO of LabX. The rapid growth in items and record numbers of registered buyers and sellers surging onto LabX is expected to continue. Ken Piech, General Manager of LabX, states, “Our goal is to reach 100,000 transactable listings on LabX by May.”

About LabX

LabX (http://www.LabX.com) is a rapidly growing niche online marketplace serving the scientific products industry. Since 1995, LabX has been a host to buyers and sellers, providing dynamic auctions and fixed-price classified ads. LabX also lists hundreds of free wanted ads and has over 40,000 members worldwide.