PORTLAND, Ore.—July 26, 2004—TitleAuctions Inc, provider of flexible, scalable competitive-bid auction software and training for the profitable remarketing of motor vehicles and watercraft, announced today the release of Member Auctions™, its latest product designed to help credit unions boost auto loan revenue.

Using Member Auctions™, any credit union with a Web site can offer to members the ability to conduct an eBay-style competitive-bid auction for their own car or truck, motorcycle or boat right on the credit union’s Web site. At every step in the bidding process, a credit union can direct bidders to its online loan application page, capturing new loan revenue as members use the credit union Web site to buy and sell vehicles.

“Over the last 12 months credit unions from coast-to-coast have asked us to build this product,” said Mark Coleman, CEO of TitleAuctions, “Any credit union with a Web site – large or small – can use this product, and we’re excited about its potential to augment auto loan revenue for our credit union customers.”

In addition to the easy-to-use software, TitleAuctions will deliver comprehensive training and support, as well as marketing templates to assist credit unions with marketing the product to their members. The company will be offering free 30-day test drives and low introductory pricing for the first 25 credit unions that sign up for the product.

About TitleAuctions
TitleAuctions helps credit unions and auto dealers nationwide remarket motor vehicles and watercraft more profitably. The company provides patent-pending flexible, scalable competitive-bid auction software, as well as comprehensive training and support to credit unions, media portals and auto dealers nationwide. The company is based in Portland, Oregon.



Contact:
Mark Coleman
877-223-5806 ext 737
mcoleman@titleauctions.com

Learn More. E-mail info@titleauctions.com or call 503-344-5001.