(PRWEB) July 13, 2011
Zbiddy.com, a recognized leader in the penny auction industry, announced today that it has surpassed the 500,000 registered users mark, making it one of the largest penny auction sites on the Internet. The announcement follows several consecutive months of exponential growth that far exceeded initial forecasts.
"When Zbiddy first launched, we were confident it would become popular," said Zbiddy spokesperson Mina Rofeh. "But we didn't anticipate that it would grow this quickly. The pace of our growth demonstrates just how serious today's shoppers are about making smart purchases. The discounts we offer, which range from 70- to 90-percent off retail prices, have made all the difference."
Zbiddy offers a fun and exciting shopping experience as an alternative to traditional auction and retail websites. Instead of bidding on used and possibly damaged items, Zbiddy offers brand new, brand name products, electronics and gift cards at deeply discounted prices. Users buy bids up front and use them toward the purchase of the item of their choice. When the auction clock expires, the last bidder wins. The appeal of this revolutionary model has some calling it the future of online shopping.
"We're giving people something new," said Ms. Rofeh. "People want the newest and hottest products, but they don’t want to go broke buying them. This makes Zbiddy the obvious answer for thousands of shoppers. But in addition to steep discounts, you also get great service and selection. Add it all up and the growth we’re seeing really starts to make sense."
About the Company
ZBiddy.com is an online penny auction site operating in the United States since 2010. Following an established penny auction model, ZBiddy auctions require the up-front purchase of a bid package. When the time for a given auction expires, the last bidder wins the item and is required to pay a final bid price, which is typically much lower than the retail value of the item. The company has more than 500,000 registered users and has hosted thousands of online auctions.