Record Online Sales, Key Partnerships, Fuel Successful 2015 for Proxibid

OMAHA, Neb.–(BUSINESS WIRE)–Proxibid,
the world’s most trusted way to connect buyers and sellers of highly
valued items, today announced record-breaking results for 2015. The
company achieved record online sales and strong double-digit growth over
2014. Gross Merchandise Value (GMV) for 2015 was the highest in company
history, representing a nearly 50 percent increase over total GMV in
2014. Continued strength in the heavy construction equipment, industrial
machinery, and collector car categories helped to drive this growth.

“Our 2015 results clearly reflect the hard work our teams have put in to
securing the best clients with the best inventory, while at the same
time forging partnerships that will have a lasting impact on our company
and the industry at-large,” said Ryan Downs, President and CEO of
Proxibid. “We are excited about what the future holds for our company as
we continue to introduce meaningful products and services that impact
the way goods are bought and sold online.”

Proxibid is also experiencing growth in response to its partnership
agreement with eBay. In February 2015, the companies announced an
agreement to integrate item listings in the heavy construction equipment
and industrial machinery categories directly into the eBay marketplace.
This technology went live in November, and the partnership is already
generating revenue for both companies.

“We’re very excited about our partnership with Proxibid,” said Pooja
Piyaratna, DMM, Business & Industrial for eBay. “This partnership
provides eBay customers with access to a wide breadth of inventory that
was previously out of reach in the marketplace, while offering Proxibid
exposure to eBay’s massive global customer base. We’re pleased with the
positive feedback we’ve received thus far from both buyers and sellers.”

In August, Proxibid received a significant growth investment from Primus
Capital, and Ohio-based private equity firm. This capital infusion has
allowed the company to expedite product technical development and
increase capacity in both sales and marketing. The ability to innovate
at an even faster pace was another factor propelling the company forward
in 2015.

“Since 2006, we have relied on Proxibid as a strategic business partner
to bring online buyers to our equipment auctions,” said Steve Anderson,
Manager of Information Services for JJ Kane Auctioneers. “Thanks to
Proxibid’s commitment to innovation and its industry expertise, our
online sales have increased exponentially, year-over-year. We are
already looking forward to a successful 2016 with Proxibid as an
integral part of our business.”

Proxibid offers the industry’s most sophisticated risk management
system, specifically designed to facilitate transactions for high value
items like heavy construction equipment, industrial machinery, collector
cars, antiques, real estate, and more. The company’s industry-low
non-pay rate of 0.15 percent means sellers get paid at the end of their
sales―something no other online provider can ensure. That, combined with
a robust online platform that boasts 99.9+ percent uptime, makes
Proxibid the most trusted place to buy and sell highly valued items
online.

About Proxibid
Proxibid provides auction companies and asset
owners with access to the most trusted way to buy and sell highly valued
items online. More than $4 billion in inventory passes through
Proxibid’s Marketplace annually via live and timed auctions, and
Buy Now and Make Offer capabilities, across 15 categories that include
heavy equipment; industrial machinery; real estate; fine art; antiques
and collectibles, and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in
South Sioux City, NE and London. For more information about Proxibid,
please visit www.proxibid.com.

Contacts

Proxibid
Dana Kaufman, 402-505-7776
Dana.Kaufman@proxibid.com