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Trade Me Registers First 1000 Online Members

PRESS RELEASE - 16 June 1999

Trade Me (www.trademe.co.nz), New Zealand's free person-to-person online auctions and classifieds service, has grown to over 1000 registered members in the first 3 months of service with some 30,000 visitors to the site in that time. Trade Me has successfully facilitated the sale of items ranging from home help to second-hand cars. "Usage is growing steadily every day as more and more items are listed and traffic increases", owner and developer Sam Morgan said.

"The first few months have been about perfecting the software and ensuring that the service we are providing is the best users can find anywhere on the web." Mr Morgan said. "The next stage is to increase awareness of the site and build a solid brand while continuing to increase the site's functionality and usability. We haven't really done any marketing so far, but this will change in the coming months.

Trade Me is a free classifieds and online auction service and currently generates revenue by selling advertising space. Trade Me's current rate of growth should see 10,000 registered users by the end of this year. Options for business to consumer auctions are currently being considered, as are spnsorship opportunities.

Trade Me is based in Wellington and has been operating since March 1999.

http://www.trademe.co.nz

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