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Omaha, NE - February 6, 2012 – Proxibid (www.proxibid.com), the world’s largest real auction marketplace, today announced that Larry Latham, an auction industry pioneer, has joined its team to add focus to its business development strategy.
Larry Latham has a rich history in the auction industry. In the mid-1980s he aligned Larry Latham Auctioneers Inc. (LLA) with Cantor Fitzgerald's bond trading platform to liquidate hundreds of millions of dollars of financial instruments, loans and mortgages owned by failed banks and savings and loan institutions. He was a pioneer in Internet sales and marketing, and created the technology and logistics that allowed the FCC to auction more than $12 billion dollars of wireless licenses for mobile phones. In 1999 he created Homebid.com, which is believed to be the first real estate Internet auction company in the United States. Most recently he has served as Vice Chairman for AmeriBid, which provides asset management and liquidation solutions for financial institutions, governments agencies, real estate investment trusts, hedge funds and bankruptcy courts in the United States. In his new role at Proxibid, Larry will help the Company seek new opportunities to elevate the entire auction industry.
“I am very excited about the opportunity to work with the Proxibid team,” said Latham. “I look forward to serving as an advocate for the auction industry, and to help chart a path to keep it moving in the right direction. I have a deep admiration for the auction industry as a whole, as well as a vision for the future, and am ready to get to work.”
Auction companies choose to partner with Proxibid to gain entry in to the most exclusive and powerful online marketplace in the industry, backed by the most sophisticated technology solution available. Buyers rely on Proxibid because the site offers access to more content than other online providers. Additionally, Proxibid’s online bidding application is intuitive and easy-to-use, making it the preferred choice for leisure and professional buyers. Proxibid pre-qualifies both buyers and sellers ensuring its marketplace is the safest and most secure place to buy and sell at auction online.
“We are thrilled to have a partner like Larry Latham join our team to shape the future of the auction industry,” said Ryan Downs, President of Proxibid. “Larry is a visionary and will help to catapult our company and the auction industry into the future.”
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About Proxibid
Omaha-based Proxibid brings auctioneers and bidders together for a world-class online auction experience. Since 2002, the Company has worked with more than 2,500 auctioneers to bring more than 35,000 auctions to a global, online audience. With registered bidders from more than 190 countries, no other provider in the industry connects more buyers and sellers than Proxibid. The Company’s proprietary live Internet bidding service and Web site were developed by auctioneers and industry-leading professionals to provide our bidders with the most user-friendly and comprehensive online auction experience possible.
Proxibid’s customer service and support is unmatched in the industry. The company’s toll-free support center is open before, during and after every live auction, and is staffed with bi-lingual auction specialists who assist both bidders and auctioneers. For more information about Proxibid, please visit us online at www.proxibid.com.
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