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ANDALE TEAMS WITH TOP ECOMMERCE PROVIDERS TO DELIVER BEST-OF-BREED AUCTION BUSINESS MANAGEMENT SERVICE Wells Fargo, Eppraisals, WorthGuide, i-Escrow, Signio, iShip.com, and BigVine.com Rally Around the Industry's Leader Santa Clara, CA – February 2, 2000 – Andale, Inc., the company setting the standard in product and service superiority in the auction management space (see related release dated 2/2/00), today announced that its fully-automated auction business management solution for high-volume auction sellers is now more powerful than ever before. Teamed with new pricing and shipping services (eppraisals, WorthGuide, and iShip.com), payment processing options (Wells Fargo, Signio, and i-Escrow), and an exclusive B2B product sourcing agreement (BigVine.com), Andale auction sellers now have access to the most complete and feature-rich auction management service available. "We are committed to maintaining product superiority in the auction management space by continuing to innovate our technology and by partnering with best-of-breed vendors," said Munjal Shah, CEO and cofounder of Andale. "These new partnerships allow Andale sellers to conduct their businesses more efficiently and profitably." New Services for a Superior Auction Business Management Offering Andale Boosts Ad Creation -- New Pricing Services Available to Auction Sellers "Online auctions are only growing in popularity, and services designed to make buying and selling a safer and more efficient process, like Andale's, are having a tremendous impact on the industry," said Leslie Hindman, chairman and CEO of eppraisals.com and host of HGTV's "At the Auction" and "The Appraisal Fair." "We're extremely excited to partner with Andale to provide valuable identification and valuation services to their customers and to offer our network of experts, many of whom are regular auction sellers, the use of the most sophisticated auction management service on the market today." WorthGuide.com uses a proprietary, multi-tiered data filtration system to track thousands of online auction transactions each day. Through easy to read charts, market indices and custom online portfolios, WorthGuide offers Andale auction sellers a level of pricing information not previously available anywhere on the Internet. WorthGuide President, Rich McGillicuddy commented, "Internet auction customers identify price as a leading consideration in their transactions. By providing the premiere source for fast and reliable price information based on actual closed auction sales, WorthGuide.com is able to deliver the latest pricing trends and information to Andale sellers in real-time, helping them to better price items for the marketplaces they sell on." New B2B Market Support More Options for Sellers "The online barter marketplace will be one of the most compelling options for sellers to market excess capacity and goods this year. Not only will sellers gain access to new products and customers through BigVine.com, they will be able to do this while conserving cash," said Bippy Siegal, Co-Chairman and Chief Executive Officer, BigVine.com, "Andale has demonstrated impressive growth in the auction management space. We're excited to partner with them, and provide BigVine.com retailers with yet another tool that will save them time and expand their marketing options." iShip.com (www.iship.com), which recently agreed to be acquired by Stamps.com, offers the most comprehensive multi-carrier shipping service online, providing tools for pricing, tracking, and shipping through all of the major shipping carriers including UPS, United States Post Office, FedEx, Airborne Express, and Yellow Freight. iShip is working with Andale to make shipping even faster and easier for auction sellers. President and CEO of iShip.com, Stephen Teglovic commented, "Andale is the first auction management service to automate the post sale process. After an online sale, shipping is a critical service and one of the best ways for sellers to impress their buyers with great information. iShip's.com's technology for automated pricing, real time tracking, and shipping items sold at auction is a perfect fit with Andale's suite of auction management tools and will be accessible from directly within the Andale system." Andale Secures Post Sale Payment Processing – New Credit Card, Merchant Account and Escrow Services "Both Wells Fargo and Andale share a vision of helping online merchants streamline their business processes," said Michelle Banaugh, senior vice president of E-Commerce at Wells Fargo & Co. "Andale effectively advances this vision even further with its fully-automated storefront that captures transactions as they occur at the auction sites and then stores that information for financial record keeping. Wells Fargo, too, has always been a small business ally and is complementing Andale's innovation by providing online merchants access to preferred pricing on payment processing and merchant card services." Signio, Inc., which recently agreed to be acquired by VeriSign, Inc. (Nasdaq:VRSN), is a leading provider of payment services connecting online merchants, B2B exchanges, payment processors and financial institutions on the Internet. "Signio delivers a highly scalable and reliable Internet payment platform to help businesses profit from the rapidly expanding e-commerce auction market," said Philippe Courtot, Chairman and CEO of Signio. "Andale is definitely going the extra mile to offer best-of-breed payment processing by leveraging Signio and Wells Fargo – giving auction buyers and sellers the utmost in secure payment options." i-Escrow (www.iescrow.com) will serve as the default payment method powering the Andale Payment System, providing the safest way for sellers to collect credit card payments for online auctions without the fraud and chargeback risks. According to i-Escrow Founder and CEO Sherman Kwok, "i-Escrow's partnership with Andale is part of our concerted effort to cater to power sellers seeking a safe transaction environment. Andale is taking a lead in delivering on this goal. Together, we are answering a growing need among serious sellers for the convenience of credit card payments without the security exposure." About Andale Andale (Ahn-du-lay) app.vendio.com is the first Web-based Auction Business Management service for auction sellers that makes it possible to sell twice as much merchandise, on multiple markets such as eBay™, Amazon.com™ Auctions, Yahoo!™ Auctions and others, with half the amount of time and effort. Andale offers a best-of-breed resource for automating and managing all aspects of auction selling – from product merchandising, to inventory and financial management, to customer communications and supplier sourcing – on multiple Net markets. Andale has received financing from Accel Partners, Mohr Davidow Ventures, Oak Hill Venture Partners and other angel investors. For more information call, 1-800-450-7515 or visit app.vendio.com. |
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