LabX Sees Record $1 Million in Bids for a Single Day

A LabX auction hit a record $1 Million US in bids for a one-day event. The Quality Lab Excess auction attracted more than 6,300 bids on 646 listings. The online auction event had
a record 83% close rate.

“The rapid growth of LabX proves that niche auction marketplaces can thrive in the tailwinds of generic auction giants like eBay and Yahoo,” said Bob Kafato, CEO of LabX, a Canadian company based in Midland Ontario.    

The next LabX auction event will be held June 2004. Details of this event and other upcoming auctions can be found on the LabX web site: www.labx.com .

About LabX
LabX, www.labx.com is a rapidly growing niche online marketplace serving the scientific products industry. LabX features used, new, refurbished and surplus equipment. Since 1995, LabX has been a host to buyers and sellers, providing dynamic auctions and fixed-price classified ads. Registration and Wanted Equipment Listings are free at LabX. Visit www.labx.com or call 888-781-0328 for more information.