NextLot's Timed and Live Online Auction Platforms Yield Impressive Results

RALEIGH, NC, August 06, 2011

NextLot's timed and live online auction platforms are bringing impressive results to many of the company's clients. One auction firm in particular sold over $7 million to online bidders in the past month alone by implementing both systems.

The North Dakota based auction firm, which specializes in farm equipment, recently ran five live webcast auctions and five timed online auctions using NextLot's software. The auctions featured large farm equipment, trucks, and trailers that sold to online bidders from various locations around the U.S. and Canada. By taking advantage of multiple online auction formats, the auction firm was able to increase its opportunity for success.

NextLot's ability to offer multiple online auction formats to its clients makes the company an asset to auctioneers. The auction software company's online auction solution is privately branded for every client and allows online bidders to bid remotely through the client's website. NextLot is dedicated to providing auction firms with the tools necessary to not only achieve more bids and higher prices, but also to maintain a strong relationship with their customer base.

About NextLot: NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers' most important assets are their buyers and that these assets should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base, and avoiding exposure to competition. NextLot's ability to offer "Best of Breed" products and work hand in hand with auctioneers has enabled NextLot to become a leading online software provider. For more information on NextLot, Inc and services offered please visit http://www.nextlot.com.