Feb. 12, 2007

NEW YORK – Manhattan-based eBay Live Auctions facilitator LiveAuctioneers.com has announced the signing of its first Asian client, Hong Kong Auctions Ltd. This milestone marks the first time that eBay Live Auctions will be used in Hong Kong.

"LiveAuctioneers is committed to bringing live online bidding capabilities to auction houses worldwide," says LiveAuctioneers CEO Julian Ellison. "With the signing of Hong Kong Auctions, LiveAuctioneers has officially broken ground in the Asian marketplace. We look forward to expanding our presence in Asia and other destinations across the globe."

According to Ellison, there is unlimited potential for the company's growth in Asia, as it includes several of the world's fastest-growing economies. LiveAuctioneers currently serves auction houses in Australia, Austria, Belgium, Canada, France, Germany, Great Britain, Ireland, Israel, Italy, the Netherlands, and the United States.

Founded in November 2002, Manhattan-based LiveAuctioneers provides real-time Internet bidding capability, in association with eBay Live Auctions, to more than 540 auction houses. On average, auctioneers using LiveAuctioneers’ catalog and online-bidding services note an immediate 15 to 35 percent increase to their gross auction results. For further information, log on to www.liveauctioneers.com.