SCOTTSDALE, AZ -- 05/09/08 --
Auction Floor, Inc. (PINKSHEETS: AFLO)
(FRANKFURT: ZUI.F) a leading web-based technology provider to the auction
industry, announced today that board member Ron Erickson has been elected
to the position of Chairman of the Board and Chairman of the Company's
newly formed Executive Committee of the Board.
Erickson, of Seattle, WA, a seasoned business executive and entrepreneur,
has been involved in the creation and building of a number of technology
companies in the personal computer, internet and telecommunications
industries, including MicroRim, Egghead, GlobalTel, eCharge and Blue Frog
Media. In addition, Erickson, also an attorney, has been instrumental in
bringing corporate governance, strategic insight and capital contacts to
the several companies on whose boards he has served.
Lou Sagar, Auction Floor President and CEO, stated, "We are very pleased to
have a businessman of Ron Erickson's caliber and experience assist us as we
build our infrastructure and take Auction Floor to the next level. We are
thrilled to have Ron more deeply involved in the Company."
Regarding his appointment, Erickson said, "Auction Floor has a unique
opportunity to take advantage of the growing demand for internet based live
auctions. I am very excited to work with Auction Floor and help them build
a world class organization."
The Company's AuctionManager, a proprietary auction management software
solution, enables auction houses, consignors, and sellers to centralize
their management for auction events from a single platform. The Company is
marketing its network and product offering through multi-channel
promotions, including print and web-based advertising. Please visit the
Company's website at www.auctionfloor.com.
If you would like to receive Auction Floor news via email please notify us
at info@auctionfloor.com.
CAUTIONARY STATEMENTS
This document does not constitute an offer to sell or a solicitation of an
offer to buy any of our securities. This document contains certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. These forward-looking statements may
include projections of matters that affect revenue, the ability to develop
or license certain technologies; operating expenses or net earnings;
projections of capital expenditures; projections of growth; hiring plans;
plans for future operations; financing needs or plans; plans relating to
the company's products and services; and assumptions relating to the
foregoing. Forward-looking statements are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Future
events and actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking information.
Contact:
Jeff Forster
Investor Relations
Auction Floor, Inc.
877-282-3567
