|
8500 cattle sold through e-auction
Live Global Bid provides auctioneers with software to simulcast their traditional auctions live on the internet. This release was done jointly between us and Frontier Stockyards one of our clients.
FOR IMMEDIATE RELEASE
Date for Release: September 25, 2002
8500 Cattle Sold Through e-Auction
MOOSE JAW, SASKATCHEWAN - A local company supplied software for a live
virtual stockyard auction online in Montana. Bidders from Colorado,North
Dakota, Nebraska, Missouri and Iowa, clicked the BID button in Frontier
Stockyards live and interactive virtual stockyard.
While cattle peacefully grazed in their pastures across the country
Frontier used Live Global Bid's* software to e-Auction 8,500 head of cattle,
increasing both sales and volume! With 51% of the boost bids originating
from the Internet it was a significant tool in increasing cattle prices.
"We are very excited with the statistics and feedback we obtained from our
sale, said Gordon Bruner Secretary Treasurer of Frontier Stockyards. "Any tool
that increases overall prices and in turn percentage of sold lots is a
huge asset to any auction company. We are very pleased to offer our consignors
a national market place and our buyers with a cost effective means of
purchasing livestock. Being that this was our first sale one can only
imagine how big this will be six months down the road from now."
Live Global Bid* of Moose Jaw, Saskatchewan, is the technological leader
of online live and interactive auction software. With this ahead of the
curve technology each bidder (in-house or on-line) is an equal participant in
the auction and therefore expands the auction's market to an international
audience in REAL-TIME
| | - large majority of worldwide commodities are auctioned at some point in
their life span, " said Barry White, CEO of Live Global Bid*. "Now the
auction company can confidently deliver its E-Auction in real-time and
with
broadcast quality video and audio. All bidders are on an equal standing
in
transparent competition. Auction houses are flourishing." Other benefits
- E-Auctioning include the increase in personal security, travel cost
|
reductions and time savings.
Live Global Bid*, a division of Live Global Communications, is the
technological leader of online live and interactive auction software. Live
Global Bid* is rapidly expanding across Canada and U.S.A. and will reach
to
| | - global customer base in 2003. Their client base is an expansive list of
|
innovators from a wide array of sectors (automotive, cattle, thoroughbred
horses, furs, collectables etc.). Patent Pending.
Frontier Livestock is a bonded and licensed Internet livestock listing and
Auction Company featuring both static and live auctions. The Frontier
Stockyards, Inc., team of cattle marketing professionals have an extensive
background in the livestock marketing business, both in the traditional
marketing method of merchandising through the ring, as well as selling on
video and now the Internet.
Contact:
Barry White, CEO
Live Global Communications
1-877-694-6100
E-mail:barry@liveglobalbid.com
Visit: www.liveglobalbid.com <http://www.liveglobalbid.com
Gordon Bruner
Frontier Livestock
1-877-343-9047 or 406-294-9455
E-mail: gord@frontierstockyards.com
Visit: www.frontierstockyards.com <http://www.frontierstockyards.com.
|
