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InternetArray, Inc.: BidSellBuy.com From InternetArray Provides Update on Business Model

^{Published on 2009-09-08 06:24:09 - Market Wire}
 

NEW YORK, NY--(Marketwire - September 8, 2009) - InternetArray, Inc. (PINKSHEETS: [ INAR ]) is disclosing some details into how BidSellBuy.com's business will operate. The forthcoming reverse auction site will not charge listing fees and offer the lowest commission rates on the Internet. Today auction sites typically charge between 3-18% in commissions for transactions.

"We feel like we have some good things to offer out of the gate that will get people to try us out," said Michael Black, CEO of InternetArray. "Zero charge listings are a great way to acquire new people and pairing that with a premier commission rate should get people to stick around."

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.