CALGARY, April 26 /CNW/ - Hodgins Auctioneers Inc. (HA-TSX.V) ("Hodgins" or the "Company") is pleased to announce a successful first week of business for Hodgins Auto Exchange. This new division of the company opened Monday, April 19, 2010 to more than 800 registered users across Ontario, Manitoba and Saskatchewan, who signed up for the initial free trial.
Hodgins Auto Exchange is a service that provides on demand electronic auctions. It is offered exclusively to licensed auto dealers for buying and selling vehicles amongst themselves. This first application of Hodgins' new bidding platform enables bidders to place bids through their mobile devices (smart phones) or personal computers.
Barrie Jung, President of Hodgins stated "We are well satisfied with the interest shown for this unique product. Our entry into the wholesale auto market provides dealers with a valuable tool that has the potential to enhance every user's bottom line."
The wholesale auto industry in North America sells more than $83 billion dollars in vehicles annually. Entering this market furthers Hodgins business strategy of diversification & enhancing their position in the online auction market.
About Hodgins Auctioneers Inc
Headquartered in Melfort, Saskatchewan for more than fifty years, Hodgins is a provider of professional auction services. Hodgins is renowned for its experienced auctioneers, award-winning promotions, dependable results and commitment to providing the ultimate marketplace for the sale of assets by auction.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Hodgins Auctioneers Inc.
For further information: For further information: Barrie Jung, President and CEO, Hodgins Auctioneers Inc., Tel: 1-800-667-2075, Fax: (306) 752-5702, Email: firstname.lastname@example.org, Website: www.hodginsauctioneers.com