| SkyAuction.com Background:
SkyAuction.com commenced operating in February of 1999. The founders of the company are travel industry veterans who sought a new way to distribute travel products and services that would be of value to suppliers and consumers alike. Concentrating on the huge base of unused inventory that exists in the travel marketplace, SkyAuction.com has worked to create an alternate distribution method that complements the existing mainstream distribution of a supplier's product line and does not dilute or cannibalize pre-existing business. By using a $1 minimum bid, no reserve absolute auction model, SkyAuction.com found they could create demand and shield suppliers from dilution at the same time. The process ensures the transparency of pricing and the bidding process creates an exciting environment and an incremental demand for specific products offered. Since the time we started SkyAuction.com we have established our company as the premier travel auction site. We have proven our alternate travel model is effective at creating new demand for what would have previously been unsold inventory. Our suppliers have been empowered with a useful tool in the marketing of time sensitive, perishable inventory without fear of destroying their current mainstream marketing efforts. We have cultivated a wide range of suppliers who cover the entire world with their offers. Our customers can find air only, hotel only, packages and cruises on our site to almost any destination they could desire.
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