Start-Up Auction Site Gets Huge Advantage Over eBay Etc.
NTT-DATA SANYO Partner Auction Video Signs Co-Venture With
AuctionCities.com, Inc.
LAS VEGAS, NV -- (MARKET WIRE) -- 01/07/06 -- As revolutionary
technologies emerge from the Consumer Electronics Show, the big story
this year is the ease of use and immediacy of Internet access of
Auction Video's "one touch upload" capability, now announced as a key
feature of the new Sanyo VideoCellphone unveiled today at CES.
AuctionCities.com (OTC: AUCC) Mike Berman stated, "This development
will immediately revolutionize the concept of local online auctions as
demonstrated by this implementation on our start-up auction site and
most effectively the Real Estate business, online personals. We
originated local auctions with our pending patent on the domaining of
every U.S. Postal Zip-code."
Gregory Ellis, Auction Video CEO, stated, "Within the context of an
exclusive licensing agreement with NTT-DATA SANYO, AuctionVideo.com,
developer of web-based recording technology that offers rapid upload
to the Internet, unlimited live video streaming and a video record
capability up to 60 minutes announces an exclusive co-venture with
start-up consumer-to-consumer - dealer-to-consumer auction and retail
portal, AuctionCities.com, Inc."
Ellis continued, "Our technology, to be distributed across millions of
cell phone and web users worldwide, allow the instant conversion of
any video format, to any video format. Up to 30 frames per second
video, and high definition audio benefit anyone who can record their
video on a cell phone, or other device, and easily put it online for
anyone to see."
Mr. Tak Ota, Leader of the New Business Promotion Division of NTT-DATA
SANYO's cell project, said, "Since we introduced our joint offering of
cell phone products, we have seen increased interest from the
marketplace in Japan. We are actively pursuing many targeted
opportunities in China and other nations as well. We expect that the
integration of Auction Video, Inc's market leading technology will
help us grow."
The NTT-DATA SANYO Video Communication Cell Phone is scheduled for a
U.S. rollout in the 3rd Quarter of 2006. For a period of time,
AuctionCities.com will be the exclusive U.S. Internet distributor of
this exciting new device.
About Auction Video, Inc.
Auction Video, Inc. is based in Orem, Utah, and Tokyo, Japan. Its
patent- pending technologies power eBay auctions, blog video, email
applications, and cell phones worldwide.
NTT DATA SANYO is a partner with Auction Video Incorporated.
Greg Ellis, Founder & CEO
Phone: (800) 604-3390
e-mail: greg@auctionvideo.com
More information is available at http://www.auctionvideo.com
About NTT DATA SANYO
NTT DATA SANYO is an alliance between NTT DATA CORPORATION and SANYO
Electric Co., Ltd., which has the marketing responsibility for SANYO's
range of 3D display products, cell phone software integration and R &
D. Both NTT DATA CORPORATION and SANYO Electric Co., Ltd. are founding
members of the 3D Consortium, a group of leading consumer electronic
companies established to promote, expand and develop the market for 3D
imaging. More information can be found at
http://www.nttd-sanyo.co.jp/, http://www.nttdata.co.jp/,
http://www.sanyo.co.jp/.
Auction Video is a Trademark of Auction Video, Inc. All other
trademarks mentioned herein are the property of their respective
owners.
About AuctionCities.com, Inc.
www.AuctionCities.com is the state-of-the-art way of convenient local
auctioning and shopping. We host local auctions in over 40,000 U.S.
Zip-code specific sites using our patent-pending business methods and
technology.
The factors discussed above and elsewhere in this Memorandum could
adversely affect the value of the Company's Common Stock. In addition,
the factors discussed above and elsewhere in this Memorandum may
constitute forward-looking statements and, as such, may involve known
or unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements or the Company to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements.
Any forward-looking statements contained in this Memorandum should not
be relied upon as predictions of future events. Such forward-looking
statements can be identified by the use of forward-looking terminology
such as "believes," "expects," "may," "will," "should," "could,"
"seeks," or anticipates," or the negative thereof or other variations
thereon or comparable terminology, or by discussions of strategy. Such
statements are necessarily dependent on assumptions, data or methods
that may be incorrect or imprecise and they may be incapable of being
realized. The following factors may constitute or include cautionary,
forward-looking statements identifying important factors with respect
to such forward-looking statements, including certain risks and
uncertainties that could cause actual results to vary materially from
the future results covered in such forward-looking statements.
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Auction Video Signs Co-Venture With AuctionCities.com
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