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.
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.