Niche Auction Site PixieToys names Chief Technical Officer

Pixie Toys, Inc. announced today the appointment of Yongjun Chen to Chief Technical Officer of the Company.

TAMARAC, Fla., Jan. 6 /PRNewswire/ -- Pixie Toys, Inc. announced today the appointment of Yongjun Chen to officer of the Company, effective January 6, 2003. Mr. Chen was named Chief Technical Officer.

"I am very pleased to announce this exciting addition to the Pixie Toys Team," said Leonardo Cunha, PixieToy.com's cofounder. "I look forward to working very close with Yongjun in his new role."

Yongjun comes to PixieToys from Carnaby.com where he served as a Lead Systems Analyst. Mr. Chen specializes in the management of high-performance database applications and the optimization of full text search repositories. In addition to his superb management skills, Mr. Chen has a solid understanding of query optimization, load balancing, full text repository design and stress testing methodologies. He holds a bachelors degree in Management Information Systems and has completed postgraduate work with the Harvard University Extension Program.

ABOUT PIXIETOYS.COM

PixieToys.com, developed by veteran online auction users, brings the online community a world class web presence dedicated to the open commerce of toys, games, art & crafts and hobby items. The website provides its visitors with an elegant, simple and fast shopping experience.

PixieToys.com is committed to providing a platform where its members can:

- Buy and sell merchandise with no basic listings fees
- Enjoy reasonable rates when their items sell
- Receive exemplary customer service

PixieToys.com enables it members to participate in the growth of its trading community by making them the primary drivers of the site's structure and format.