Hundreds of Bidders Log Online To Bid Using NextLot's Auction Software

RALEIGH, NC, June 08, 2012

NextLot, Inc. is changing the way bidders around the world bid at auctions. The ground breaking online auction software company has been making waves in the auction industry since 2007. In May, an auction held in Canada further established NextLot's reputation as a bidder favorite.

The two-ring, heavy equipment auction had 600 bidders logged in to bid on everything from tools and supplies to large machinery. Online bidders placed bids on over 65% of the total auction amounting to $1.3 million sold online. Behind all of this online success was NextLot's easy to use online auction software. The auction firm has seen a tremendous growth in auction sales both online and through the ability of online bidders to drive up the prices of items sold onsite since partnering with NextLot

With its software in high demand, NextLot, Inc. is continuing its advance in the online auction industry as an innovative leader. Online bidders are raving about the company's state-of-the-art technology, and clients are seeing more and more online bidders with every sale they run. Auction firms serious about growing their buyer base and building their online presence are sure to find all they need with 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 auction clients get the best of both worlds because they utilize NextLot's white-labeled online auction solution to build their brand while leveraging its enhanced marketing efforts to see more bids and higher prices. For more information on NextLot, Inc and services offered please visit http://www.nextlot.com.