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InternetArray Provides Update on Strategy and Outlook for BidSellBuy

^{Published on 2009-11-19 06:29:02 - Market Wire}
 

NEW YORK, NY--(Marketwire - November 19, 2009) - InternetArray, Inc. (PINKSHEETS: [ INAR ]) has finalized its strategy for the just released reverse auction site BidSellBuy.com. BidSellBuy - Travel will be the first in a series of verticals that take aim at gaining market share by challenging the way people buy goods and services online. The marketing plan for BidSellBuy - Travel has been completed and test campaigns will start between now and the end of the year. The full-scale advertising campaign will start in the first quarter of 2010. InternetArrary, Inc., plans to roll out its next vertical for BidSellBuy.com later in 2010.

"Many people were interested in knowing what direction we are taking with the underlying technology developed for BidSellBuy.com as well as how it is going to be applied," said Michael Black, CEO of Internet Array. "We are confident in our strategy and strongly feel it will put us in the best competitive position to grow."

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.