Auction Holdings, Inc. Expands Board of Directors and Management Team

  Auction Holdings, Inc. Expands Board of Directors and Management Team

     Zipcar CMO Rob Weisberg and PayPal’s Walt Doyle join Leadership Team

Business Wire

BOSTON -- November 01, 2012

Auction Holdings, Inc, announced today the appointment of Rob Weisberg as COO
of Auction Holdings, and Walt Doyle to the Board of Directors. Weisberg
previously served as CMO at Zipcar, the world’s leading car sharing service,
and led the company to 730,000 members and through a successful IPO in 2011.
Following the PayPal acquisition of WHERE, Doyle is currently GM of the PayPal
Media Network, the largest mobile location Ad Network in North America.

Auction Holdings, Inc is the parent company of www.Artfact.com,
www.AuctionZip.com, and UK-based www.Invaluable.com. Combined, the three web
properties make up the world’s largest live online auction marketplace,
connecting consumers with relevant products from local auctions around the
world.

“Rob and Walt’s experience in building great companies and great brands are
terrific skill sets as we look to both enable local auctioneers with global
reach and delight auction buyers by connecting them to the things they love
across any screen – wherever they are,” said Adam Kirsch, Chairman and CEO of
Auction Holdings. “Our platform catalogs and merchandizes hundreds of
thousands of items from over twenty four thousand auctioneers – the
opportunity to leverage the proliferation and adoption of tablet and mobile
devices and online payments will revolutionize the existing $50 billion dollar
marketplace. Rob and Walt are the perfect fit to help us build the leading
brand and execute on our strategy.”

Prior to Zipcar, Weisberg was the VP Multimedia Marketing at Domino’s Pizza,
launching online ordering and digital practices growing the channel to
represent 28% of all U.S. revenue and driving the expansion of Domino’s media
mix into emerging media including mobile and interactive television.

“Auction Holdings is at a pivotal time in the company's evolution," Weisberg
said. “Proprietary technology is now providing unprecedented access to
purchase highly sought after products previously only available to those with
inside local knowledge of how to find them. At Auction Holdings we are opening
the aperture to connect people with the products they are passionate about
found around the globe. It is a privilege to join this world class leadership
team in a company poised to disrupt the category.”

Doyle joins the board while continuing to lead PayPal’s mobile advertising
efforts. His ability to build great companies against emerging technology
trends has been demonstrated across his career. Under Doyle, WHERE grew from a
10 person company in the early days of mobile data to become 130 person
profitable company at the intersection of mobile location and commerce. Prior
to WHERE, Walt worked with great teams to build leading brands including
MapQuest (AOL), DialPad (YHOO), Net2Phone (T) and GameSpot (CBS).

“I’ve seen firsthand how technology can transform an industry and this is the
right time to transform the local auction market,” said Doyle. “Auction
Holdings is the market leader in a $50 billion dollar marketplace and I’m
delighted to join the board at such an exciting time in the company’s
development and growth.”

About Auction Holdings, Inc

Auction Holdings, Inc is the leader in developing SaaS and web-based
applications for the auction industry. Comprised of www.Auctionzip.com,
www.Artfact.com, www.Invaluable.com, and RFC Systems, Auction Holdings is now
the world’s largest estate auction marketplace, reaching over 30 million
unique bidders a year, and serving more than 25,000 individual auction houses
globally.

Contact:

Auction Holdings, Inc
Janna Erickson, 617-746-9876
jerickson@artfact.com
 
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