Press Release
December 21, 2000
CUPERTINO, CA -- Onedayfree (www.onedayfree.com) today announced its entrance
into the travel industry by signing up Seascape Resort-Monterey Bay, a luxury resort on California's Central Coast.
This initial relationship demonstrates that the Dynamic Price Calendar Auction(TM) may also be extended to related
businesses including airlines, hotels, and time-shares.
``With onedayfree's Calendar Auction we anticipate increasing occupancy rates,'' claims Channing Bridges, director
of Sales and Marketing for Seascape Resort. ``We believe onedayfree will serve as an additional marketing arm to
assist us in attracting new customers and gaining additional exposure for our seaside offering.''
Onedayfree complements existing avenues of selling travel focusing on the sale of incremental rooms, flights, and
travel packages that may go unsold on their terminal dates at rates acceptable to any traveler. Without time restrictions
or price discrimination, all travelers can benefit. The last-minute traveler can purchase immediately. The vacationer
can bid for a future price and see what others are willing to pay to adjust their bid depending on their need.
All consumers are on the same Calendar Auction to determine the true market price.
``We have proved the viability of the Calendar Auction concept and now are expanding its scope to various market
models,'' explains Kevin Scheier, CEO of onedayfree. ``This is a cross industry application that will have a definite
impact on the marketplace.''
Onedayfree addresses the needs of several vertical market industries that need a liquidation methodology, including
travel, entertainment, services, and perishables. Goods and services that have terminal dates have no value after
a given time, nor do excess inventories that have been written off and sit in warehouses collecting dust. Placing
these goods on a Calendar Auction enables a seller the opportunity to gain revenue on goods that would not typically
sell.
The range of features offered by onedayfree benefits buyers and sellers. Buyers benefit from mobile accessibility
and the ability to ``Buy Now'' or place future orders at prices they desire. Sellers can take advantage of the
wide variety of calendar pricing models with respect to time and price to liquidate, depending on their needs.
Sellers also have the opportunity to receive up to 30% higher average revenue according to a University of California
study. It is a win-win solution for both parties involved.
Onedayfree's Calendar Auction follows basic principles of supply and demand, so items sell at their true market
value. A transparent bidding process allows buyers to view all pertinent information required for an informed decision,
including product information; quantities currently available; past, current and future prices; daily transaction
history and future orders placed for the item. Such information transparency is unique to the Calendar Auction
model.
About onedayfree
Onedayfree was founded in 1999 and is headquartered in Cupertino, Calif. Designed to meet the purchasing needs
of consumers and the liquidating needs of businesses, onedayfree's Dynamic Price Calendar Auction(TM) model provides
the fastest, fairest, and easiest online auction exchange by offering market transparency to buyers and liquidity
to sellers. Onedayfree as an ASP has developed its own exchange site, as well as a licensable technology platform.
About Seascape Resort
Seascape Resort offers luxurious accommodations that overlook the Monterey Bay in beautiful Northern California.
285 suites and beach villas sit on the cliffs above the Pacific Ocean that are enveloped in fresh sea breezes and
breathtaking, panoramic views. Enjoy a round of golf or a game of tennis and retire to gourmet room service and
a cozy fire. Seascape combines the relaxation of the beach and the pampered treatment of a Four Diamond resort
offering a unique experience to thousands of visitors every year.
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Contact:
Onedayfree, Inc.
Anne Abuhakmeh, 408/725-2836
anne@onedayfree.com