AuctionSHARK Obtains Financing, Passes Million User Milestone
Shopping comparison website AuctionSHARK.com also now gives
users the ability to access Online Store and Auction prices using Text Messaging.
CASTLE ROCK, CO - December 13, 2007 - AuctionSHARK,
Inc. (AuctionSHARK) announced that it has obtained approximately $350,000 in financing
from private equity firm Boat Capital Partners, and has now provided its unique
and free online shopping comparison service to over one million unique users.
AuctionSHARK also recently introduced a new mobile application where users can get
the best prices from Online Stores and eBay Auctions by sending a text message to
price@AuctionSHARK.com using their mobile phone's Text Messaging.
Results are provided by the AuctionSHARK.com's powerful shopping search engine,
which searches and provides results from more than 100 million item listings from
top online auction site eBay (www.ebay.com) and,
as well as more than 6,000 online stores.
"Our equity financing allows us to enhance www.auctionshark.com,
and to expand our advertising relationship with Yahoo and Google," said Michael
Zak, founder and CEO at AuctionSHARK. "Our monthly unique user count has tripled
in the last two months, and our revenue per user is up 25%. We expect our new text
messaging feature will attract even more satisfied customers. "
About AuctionSHARK
AuctionSHARK is committed to providing the best tools and services for online auction
and store shoppers. At any given moment, www.auctionshark.com
is searching more than 100 million product listings across multiple listing platforms.
The company continues to develop products and services designed to empower online
shoppers. For more information, visit www.auctionshark.com.
About Boat Capital Partners, LLC
Boat Capital Partners, LLC provides early stage private equity to finance the development,
expansion, or acquisition of growth companies within the communications, media,
and software industries. Boat, www.boatcapitalpartners.com,
also provides executive management and corporate staff services when helpful.
Contact: Michael Zak, AuctionSHARK, MichaelZak@AuctionSHARK.com
AuctionSHARK is a trademark of AuctionSHARK, Inc. in the United States and/or other
countries. The names of actual companies and products mentioned herein are the trademarks
of their respective owners.
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