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Raleigh, NC-Based NextLot Inc. Expands Internationally

Carolina Headlines - IT

RALEIGH, NC – NextLot, Inc., a Raleigh, North Carolina based company, specializing in online auction software, has successfully expanded to more than a dozen countries on three continents. While developing its presence worldwide the company continues to grow its U.S. sales, which have more than doubled each year for the past three years.

NextLot has gained market share in numerous industries including industrial equipment, heavy equipment, farm equipment, antiques, automobiles, and collectibles. The European, Australian, and Asian markets are the newest of NextLot's endeavors and its online auction solution has proven successful in these markets. In recent auctions, a Danish auctioneer sold 40% of its auction items to online bidders, an Australian auctioneer found that online buyers were bidding on 95% of auction items, and an Asian auctioneer experienced a significant increase in international bidders because of the ease and convenience of NextLot's platform.

NextLot's innovative approach to distinctively brand its platform for individual clients is in high demand and is being adopted quickly by more and more auctioneers around the world. By starting divisions in Europe and Australia over the past two years, NextLot has committed itself to building a stronger international presence.

About NextLot, Inc.

NextLot provides auctioneers with a fresh approach to online-timed and live webcast auctions by providing extremely easy to use, privately branded software for three main auction formats: Timed Auction, Webcast, and Pre-Bid. NextLot believes that auctioneers' most important assets are their buyers and that the buyers should not have to be shared with their competitors on a public portal. NextLot users build brand loyalty while enjoying full control of their customer base and avoiding exposure to competition. For more information on NextLot and services offered please visit www.nextlot.com.

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