Launches Four Week Auction of Life Sciences Supplies Company Augments Its Life Sciences Vertical Portal with an Auction Marketplace

For Biotechnology, Pharmaceutical and Life Sciences Professionals

    SAN FRANCISCO, July 11 /PRNewswire/ -- has launched a
 marketplace for the auction of high-quality supplies to life sciences
 professionals.  With the largest volume of website traffic in the life
 sciences, has established the global hubsite for the industry.
 The company will now be providing its audience, who already rely on for a variety of content and commerce services, the capability to
 buy and sell supplies in an auction format.
     The first auction will remain open until August 4, 2000, with
 ongoing bidding on a wide selection of mostly new and refurbished products
 provided by some of the industry's top suppliers.  In addition, there will be
 a number of genuinely unique items, such as life science related Internet
 domain names and consultation sessions with an established industry venture
 capitalist, up for bids.
     "We're naturally tremendously excited about the launch of our first
 auction event," said Scott Clarke, CEO of  "Nearly every life
 sciences company is a customer of our services, and we enjoy the largest
 collection of loyal users in the life sciences.  Providing our great community
 of professional, governmental and academic individuals and organizations with
 an auction marketplace of high caliber sellers is really part of our company's
 organic growth."
     The Auctions platform, developed in conjunction with Andersen
 Consulting, combines up-to-date user interface technology with customization
 and real-time communication capabilities, and incorporates a host of features
 with the unsurpassed customer service already provided by  The
 auction marketplace effectively brings together a pre-qualified audience of
 professionals with established suppliers.  Most goods transacted at the Auctions site are guaranteed by sellers for a designated period
 of time, as required by
     "There's a large inventory of excess, demo or hard-to-find items that are
 new or refurbished being put up for bid at Auctions," said
 William Hicks, Director of Product Marketing at  "The sellers'
 guarantee should greatly reduce the risk of buying products and equipment
 sight unseen over the Internet, and in turn create a high quality
     Features available at Auctions (
     * Buy from reputable sellers who offer guarantees on their products
     * Locate hard to find and obsolete items
     * Place proxy bids and receive email notifications of auction status
     * Get real-time access to marketplace supply, demand and cost information
     * Customize your option site in an easy-to-use interface incorporating the
       latest technology
     * Reach a loyal audience of more than 400,000 life sciences industry
     * Post multiple items through simple bulk uploading or use's
       Bulk Listing Service
     * Determine auction type, duration, opening bids and bidding increments
     * Promote your auction via daily e-casts and banner
       advertising, as well as to exclusive "Hotbed Communities"
       in regions throughout the US known for their high density of life
       sciences companies
     * Categorized items, product and vendor descriptions and product images
     * Impartial feedback system of buyers and sellers
     * Sealed bids and private auctions
     *'s unmatched and knowledgeable customer service support,
       including real-time help through Live Care
     About ( is the global hubsite for the life
 sciences industry.  The company has created a point of convergence for those
 who work in the industry by providing content, community, and commerce on a
 feature-rich platform. is dedicated to accelerating discovery in
 the life sciences by facilitating exchange crucial to the industry through the
 application of contextual commerce, an end-to-end e-commerce solution. attracts over 2 million page views per month from over
 400,000 unique visitors seeking real-time industry news, information
 resources, investment data, company profiles, stock quotes, employment
 listings, and an innovative business-to-business (B2B) supply solution
 developed cooperatively with the National Institutes of Health (NIH).


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