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InternetArray, Inc.: InternetArray's BidSellBuy.com to Utilize Reverse Auction Technology

^{Published on 2009-08-31 06:27:49 - Market Wire}
 

NEW YORK, NY--(Marketwire - August 31, 2009) - InternetArray, Inc. (PINKSHEETS: [ INAR ]) announced that the platform of BidSellBuy.com will be based around reverse auction technology. Reverse auctions empower buyers to get the best deal on a good or service from sellers competing. BidSellBuy.com will also be testing social features including Facebook Connect and Twitter integration. The private Beta beginning on September 15th will begin working with these social functions to help buyers leverage connections on each network and increase chances of getting a better deal.

"This methodology will differentiate BidSellBuy from the competition and enables a new and improved eCommerce experience for buyers and sellers," said Michael Black, President of InternetArray, Inc.

Hoovers, Inc., a business research and analytics firm, estimates the Auctions industry to be over $40 billion.

About BidSellBuy.com ([ www.bidsellbuy.com ])

BidSellBuy.com combines a unique auction and purchase functionality that will challenge the way people currently buy goods online by using the individuals that buyers are connected to on social networks to disrupt the normal buying cycle and offer new ways to shop online. Social networks have continued their meteoric growth, with Facebook leading the pack and now counting 250 million active users worldwide.

BidSellBuy.com's new site is being developed by Noobis, Inc., an InternetArray company focused on social media applications.

About InternetArray, Inc. ([ www.internetarray.com ])

InternetArray, Inc. provides guidance and investment for innovative, early stage Internet companies. The Company's mission is to identify and develop collaborative business partners into viable and profitable companies.

About Noobis, Inc. ([ www.noobis.com ])

Noobis, Inc. develops and integrates social media applications and networks. In addition to building its own Internet assets and technologies, Noobis works with clients and partners to leverage the emerging social media marketplace.

This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.