Media-Bid's equipment marketplace goes online

Media-Bid have launched an innovative online auction marketplace for the media industry that will enable businesses to trade more efficiently and benefit from competitive pricing.
The service allows buyers to name their price for a range of new and used professional media equipment and services. These currently include non-linear editing systems, film scanners and DVD authoring products, and in the future will be extended to incorporate other media products and services.
The service gives registered sellers - whether a manufacturer, reseller or individual - instant access to a much wider marketplace and range of customers, taking them beyond the existing constraints and geographical region of their sales base. Media-Bid enables sellers to bid for the buyers' equipment requirements.
As the service is based on an auction-type model, buyers can often achieve more competitive deals than they could negotiate from traditional channels. In addition, as Media-Bid has the advantage of not being tied to one particular manufacturer, the range of suppliers' products and services on offer is much wider. Media-Bid also vastly simplifies the media buying process as it cuts out the need for many calls to many manufacturers and resellers.
All transactions occur online, with Media-Bid acting as an intermediary between buyer and seller and managing the bidding process between the two parties. Anonymity is guaranteed at all stages, and it is only when an offer has been accepted that the buyer 'meets' the seller.
All guarantees and warranties are exactly as if purchased direct. Media-Bid make their money from charging a commission on completion of the sale.
Media-Bid, www.media-bid.com
(GMcG)