News / Entertainment
Exhibia Auction is Selected as the Best Penny Auction Sites Alternative
Revolutionary Facebook Auction with Real Time Bidding
Exhibia Facebook auction company announced today it has been selected as a finalist for Red Herring's top 100 Europe award, a prestigious list honoring the year’s most promising private technology ventures from the European business region.
Exhibia revolutionizes the online auction industry by accepting bids from only Facebook or Google verified bidders. With the help of social login technology Exhibia customers can be sure they are always bidding against other real people and never against shills or bots.
The Red Herring editorial team selected the best penny auction sites and the most innovative companies from a pool of hundreds from across Europe. The nominees are evaluated on 20 main quantitative and qualitative criterion: they include disruptive impact, market footprint, proof of concept, financial performance, technology innovation, social value, quality of management, execution of strategy, and integration into their respective industries.
This unique assessment of potential is complemented by a review of the actual track record and standing of an auction company, which allows Red Herring to see past the “buzz” and make the list a valuable instrument for discovering and advocating the greatest business opportunities in the industry.
Exhibia is the world's first pre-funded pay per bid auction system and the first licensee of Social Shopping Network® patented prefunding or buying bids towards an item feature, which is necessary to create authentic pay per bid auctioneering. The auction software needs to be aware that there are at-least two interested bidders in an auction before the item can be safely opened for bidding. The pre-funding click is the only 1 click solution that exists for the software to collect this information from the customers.
The best penny auction sites for the 2015 edition of the Red Herring 100 Europe award are selected based upon their technological innovation, management strength, market size, investor record, customer acquisition, and financial health. During the months leading up to the announcement, hundreds of companies in the telecommunications, security, Web 2.0, software, hardware, biotech, mobile and other industries completed their submissions to qualify for the award.
"This year was rewarding, beyond all expectations" said Alex Vieux, publisher and CEO of Red Herring. "There are many great companies producing really innovative and amazing products in Europe. We had a very difficult time narrowing the pool and selecting the best penny auction sites. Exhibia auctions shows great promise and therefore deserves to be among the Finalists.
Exhibia auctions is expected to present their winning strategies at the Red Herring Europe Forum in Amsterdam, April 13-15, 2015.
