Mediabids.com Awarded Patent for Online Trading for the Placement of Advertising in Media

Mediabids.com, the online print advertising space marketplace, announced today that it has been awarded a patent for Online Trading for the Placement of Advertising in Media.

Winsted, CT (PRWEB) September 11, 2006 -- Mediabids.com, the online print advertising space marketplace, announced today that it has been awarded a patent for Online Trading for the Placement of Advertising in Media.

The patent, issued August 1, 2006, is for an online system that allows advertisers to create auctions for ad placement in any media. However, currently, Mediabids' system is focused entirely on print publications.

The patented system enables businesses to solicit bids of advertising space from publications that participate on Mediabids.com. The advertiser then chooses a winner, or the bid that best fits his or her advertising plans.

According to Jedd Gould, President of Mediabids.com, "Mediabids.com is unique because it is the first marketplace for general media that works. It is a very exciting time; this patent recognizes the pioneering efforts by our dedicated technical and business staff and support of the advertisers and media that recognize the value of Mediabids' online services."

Adapting to a growing market opportunity, Mediabids.com has evolved the advertising auction platform into a marketplace where advertising space can be purchased instantly through a publication's website or on Mediabids.com. Mediabids.com has been designed to adapt to other mediums such as radio and television as the demand in the marketplace grows.

About Mediabids.com

Mediabids.com, the online print advertising marketplace, offers a patented online process that enables the buying and selling of print advertising space in U.S. newspapers and magazines, through advertiser auctions, publication offers and traditional media buys. To date over 10,000 business consumers (advertisers) have registered on Mediabids.com to purchase advertising space to market their business and over 4,000 newspapers and magazines have registered their print publications to sell ad space. www.mediabids.com Toll Free 866-236-2259.

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