Below is an article that I read on PRNewswire. Bid Cactus was accepted into the new association, Entertainment Auction Association. This association promotes penny auction integrity. It also strives to make penny auctions safe and reliable for all players.
WESTPORT, Conn., Dec. 21, 2010 /PRNewswire/ --
BidCactus.com is proud to announce their acceptance into the Entertainment Auction Association, THE governing
body and face of the Paid Auctions Industry. Launched in 2008,
BidCactus.com is the gold standard in penny auctions and has been at the
forefront of the Paid Auctions Industry. The company is the first and
only to be audited by a top accounting firm and the first to introduce a
Player's Bill of Rights. BidCactus.com offers shoppers the chance to bid for electronics, laptops and gift cards for mere pennies.
"When we set
out to create the very best online auction experience, we knew what
would get us there – a fun customer experience, helpful customer service
and, most importantly, guaranteed fair play," said Michael Staw,
BidCactus.com CEO. "We have stayed true to our commitment and we are
pleased to demonstrate it to our players by joining this important
Association. We encourage all other Penny Auction companies to do the
same."
Comprised of three founding member companies, including BidCactus.com,
the Entertainment Auction Association was created with the sole purpose
of ensuring that companies operating within the paid auctions industry
do so with absolute integrity. The Entertainment Auction Association
will be run and directed by board members, officers, and a paid
Executive Director, all of whom will oversee the activities of the
Association and its members.
All
Entertainment Auction Association members must prove that they are not
engaging in any fraudulent or deceptive behavior, that their web site
and marketing campaigns comply with the FTC's truth-in-advertising rules
and policies, and that they agree to be subject to specific fines and
penalties (including expulsion from the Association) if they violate the
Association's code of conduct.
About BidCactus.com
BidCactus.com® LLC is one of the largest penny auction sites in the United States.
Founded in 2008, the company has already auctioned off more than
100,000 items including televisions, laptops, electronics, household
items and gift cards. The website runs 24 hours a day. Live customer
support is available during business hours at 1-800-BID-8711. For more information about BidCactus.com, visit www.BidCactus.com.
