NAXCOM.com Sports & Collectibles Marketplace to Launch its 'No Listing Fees' Auctions Wednesday 11/7

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NAXCOM, the country's premier sports and collectibles marketplaces, has announced that it will be launching their No Listing Fees Auctions on Wednesday 11/7 at 12:00 p.m. (pst).

NAXCOM, the country's premier sports and collectibles marketplace, has announced that it will be launching their No Listing Fees Auctions on Wednesday 11/7 at 12:00 p.m. (pst).

"Since we launched our main NAXCOM site back in 2001, our users have continuously requested for us to expand into auctions," said Eric Beckerman, CEO OF NAXCOM. "However, we didn't want to expand into auctions until we had enough critical mass where there would be a lot of listings and bidders to make our auctions dynamic."

What changed for the company was the recent acquisition of ThePit.com from the Topps Company. This acquisition nearly doubled NAXCOM's user base and gave them the ingredients that they needed to expand into auctions.

"The acquisition of ThePit.com from Topps really gave us what we needed to get into auctions. Once that happened, we began developing our auction system about a year ago," commented Kevin Klein, NAXCOM's VP of Business Development.

The NAXCOM Auctions will have a lot of features and benefits that customers have been requesting. The main attribute associated with the NAXCOM Auctions will be their exclusive Buyer/Seller Protection. The new NAXCOM Auction system will have the winning bidders make their payment to NAXCOM, rather than pay the seller of the item directly. That way, the buyer's payment is now protected against sellers that either don't mail out their item or send the wrong item. And sellers are protected too as once their items are delivered to the buyers as advertised, they will receive their money directly from NAXCOM and not have to worry about chasing down "Deadbeat Buyers". With other auction sites struggling with Fraud, it is this unique Buyer/Seller protection that will make NAXCOM Auctions the safest venue for buyers and sellers.

In addition to its Protection Service, NAXCOM will offer sellers No Listing Fees, Lower Transaction Fees and no extra fees to offer a Buy It Now, Start or End an Auction at a specific time, Extended Auctions (up to 14 days) or to add up to three additional images.

"Users have wanted this for a very long time now," said Bill Elder, NAXCOM's VP of Marketing. "We took a long time to develop the auctions and utilized input from our immense existing user base to develop a lot of unique Auction features that buyers and sellers will be excited to utilize."

"We will have several innovative benefits for both parties on the NAXCOM Auction website," Elder continued. "In addition to the Buyer Protection, NAXCOM will also dictate a 'fair' shipping price on all sales, automatically calculate a combined shipping when a buyer purchases from the same seller on the same day, no 'false advertising' titles, ability to pay with Credit Card or PayPal or fund their account with Check or Money Order on all transactions, and much more."

The much-anticipated NAXCOM Auctions will be launching on Wednesday, November 7 at 12 p.m. (Noon) PST. Based on feedback the company has received from its current user base, the company is not only expecting to have a large amount of listings on the first day, but also a lot of bidders as well.

About NAXCOM.com
NAXCOM.com -- Established in 2002, the NAXCOM Marketplace offers over 9.5mm User Listings with users buying and selling with each other and NAXCOM acting as a third-party intermediary for payments. This exclusive Buyer Protection System has allowed the NAXCOM Marketplace to have nearly 2.5mm items sell with buyers always receiving their item or their money back. In 2006, NAXCOM acquired ThePit.com from the Topps Company. ThePit.com allows users to Buy & Sell bulk quantities of the best Rookie Cards of the top sports stars and prospects with the option to not take possession ... just like the stock market.

Media Contact: Bill Elder (310) 568-8825 ext.104.

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BILL ELDER
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