MadBid.com Bigger Than Facebook and Google

LONDON, November 13 - MadBid.com, (uk.madbid.com/) UK's leading online auction website,
is the biggest growing phenomenon on the internet - bigger than Facebook,
Google and YouTube.

According to the latest Nielsen data and MadBid's own analytics data,
users spend an average of over 8 hours per month on the site. That's more
than any of these heavyweights of the worldwide web.

Furthermore, it seems word is fast spreading through the online community
about the massive savings MadBid users can claim on all manner of goodies. As
a result, MadBid has grown by more than 300% in the last 12 months - eBay
would auction their two front teeth for growth like that.

"There's no great secret to our success," said Juha Koski, MadBid.com's
(uk.madbid.com/) Managing Director. "We simply offer a genuine chance
for our users to get their hands on everything from a MacBook Pro to a brand
new car for a fraction of what they'd pay on the high street."

"With savings like that it's little wonder that record numbers are
beating a virtual path to our door. I'm also not surprised that our users are
spending more time on the site. We focus on customer experience, which has to
be simple, exciting and there has to be clear value-added for our MadBidders.
Why waste hours watching some loser's home video when you can win yourself a
Laptop for less than 10% of its retail value?"

MadBid.com's (uk.madbid.com/) annual revenue is now around GBP3m,
but with plans to grow even faster MadBid expects to hit GBP8m by the end of
next year.

To help reach this ambitious target MadBid recently recruited Will
Cooper, former CEO of Tradedoubler and one of the sharpest minds in digital
marketing, as its non-executive Chairman. Will's impressive track record and
international experience will be a huge asset to the organisation.

MadBid.com (uk.madbid.com/) is also in the market for capital
investment to give it the boost it needs to keep battering the big web brands
into submission.

                         Average time spent on site:

                               mins/day         hrs/month
    MadBid.com**                  19.48              9.74
    Facebook*                     10.00              5.00
    Yahoo*                         4.67              2.33
    Google*                        3.77              1.88
    eBay*                          3.30              1.65
    Youtube*                       2.13              1.07
    * Nielsen NetView - Top 10 Global, September, 2009
    ** Google Analytics for MadBid.com, September, 2009

MadBid.com (uk.madbid.com/) is the UK's favourite penny auction
site where bidders can get their hands on top prizes for up to 98% off high
street prices.

Contact: Heba, +44(0)2079317782, email: heba@madbid.com

Contact: Heba, +44(0)2079317782, email: heba at madbid.com