Source One -  News October 13, 2006

WILLOW GROVE, Pennsylvania – October 13, 2006 –After one short year of the initial debut of their free commerce site, www.WhyAbe.com has announced the release of completely free Reverse Auction Tools. WhyAbe.com is the first, and only, completely free web site to offer reverse auction tools..

WhyAbe.com offers free electronic commerce tools for buyers and sellers.  With the addition of Free Reverse Auctions,   buyers can now create reverse auction events and choose whether they want the competing suppliers to see their rank for the listing, or the lowest bid price received.  The entire bid process for both the RFP and Reverse Auctions listings can be managed through the dashboard, allowing the buyer and anyone they choose to invite as a reviewer to see all submitted proposals, responses and questions as they come in from the multiple bidders.  Buyers can invite suppliers to attend their events through the database of existing registered suppliers, or they can invite their own suppliers by using email addresses. Once registered, buyers also have the capability of emailing multiple suppliers questions directly from the site in one simple step. 

In addition to responding to RFPs and Reverse Auctions, suppliers have the capability to list products or services that they want to sell or promote. By clicking the “Sell” option, members will be taken through a simple process to create a free seller’s listing.  Once the category of the product or service is chosen, the user can enter text descriptions and upload pictures or attachments that they wish perspective buyers to see. When finished, a web page is automatically created for the listing. Buyers can make an offer to buy the product or service, as well as ask questions of the seller directly through the WhyAbe site.

WhyAbe.com is an automated collaborative marketplace that can be used by any organization in any industry. WhyAbe allows buyers to post their specifications in RFP, RFQ, or Reverse Auction format and invite suppliers to provide quotes. Suppliers can make their goods and services available to a broader range of potential buyers and receive free trade leads. Registering and using the site is free.

Most e-sourcing platforms require a large ramp-up period and/or a large deployment budget. With these platforms, the cost of rollout can often mitigate any cost savings opportunities. WhyAbe is specifically designed to allow procurement professionals to do more in less time than conventional e-sourcing platforms. Buyers can easily monitor all of their activity through WhyAbe’s Dashboard feature which provides the history of all activity for all projects. This is especially important for companies that are trying to comply with Sarbanes Oxley.

Obtaining value from WhyAbe is instant. There is no software to install or PC’s to configure. A computer equipped with the latest version of Internet Explorer or Firefox (available free @ whyabe.com) provides immediate access to the comprehensive and user friendly tool. WhyAbe provides the tools necessary for procurement professionals as well as retail buyers to control costs, manage performance, ensure compliance and quickly deliver value. WhyAbe was designed so users would have a quick learning curve, and recognize the benefits of the RFP system immediately.

WhyAbe is the available immediately for free on the web @ www.WhyAbe.com