Z Group PLC
26 September 2005
26 September 2005
Z GROUP PLC ('Z GROUP' or the 'Company')
Z Group launches new software service, Onbidder
The Company is pleased to announce that its new software service called Onbidder
(www.onbidder.com) will be launched on 1st October 2005. The Onbidder service is
a software download that enhances a user's prospects of being successful during
eBay auctions.
The Directors of Z Group believe that the key problems a bidder faces when using
eBay are the inconvenience of auction deadlines and the existence of bidding
wars which can often mean that bidders spend more money than they would like.
Onbidder is aimed at solving these problems.
The software helps a bidder to 'win' an auction at the best possible price by
using an automated 'precision bidding' process. Onbidder waits until the final
seconds of the auction to place its bid. By doing this, the bidder gets the item
at the lowest price possible up to a limit specified by the bidder and, as
Onbidder works automatically, they do not have to be waiting in front of their
computer until the auction is about to close.
Onbidder also allows the bidder to monitor multiple items at the same time.
When there are several auctions selling the same type of item, the user can
simply set up multiple bids each defining the maximum bid. As soon as one of
them wins, Onbidder will automatically cancel all the other relevant bids.
Onbidder will be initially marketed to the Z Group existing customer base and Z
Group will also aim to convert a percentage of eBay's 157 million worldwide
users. Onbidder will be made available as an internet download from
www.onbidder.com at £19.99 for a 12 month subscription.
Jamie True, Joint CEO of Z GROUP, commented: 'We are excited to be marketing
such a useful software tool. Onbidder is an excellent addition to the Z Group
portfolio, continuing our focus to deliver software to large groups of end users
that addresses important and specific consumer needs.'
About Z Group
Z Group is a profitable, marketing-led technology company with a proven track
record in the selection, development and successful marketing of technologies. Z
Group selects the technologies which it acquires or licenses for development on
the basis of identified market demand and specialises in cost effective,
performance based marketing through a variety of channels.
The Company has currently three existing software businesses:
• Net2Roam and NetAway, services that allow individuals and SMEs to
obtain local dial-up access numbers worldwide at rates below normal
international rates
• ONSPEED, the fastest internet acceleration software on the market,
which instantly enables any PC, Mac and now for the first time Pocket
PC user to browse and email at near broadband speeds by using a 9
patented compression technology.
• OnShare, a software service that allows user groups to communicate
and share information between PCs, which are not necessarily part of
an existing network, securely via the internet. It is currently in
development and is expected to launch during the latter half of 2005.
For further information:
Saskia Hopmann
Z Group PLC
0207 952 4026
saskia@zgroupplc.com
This information is provided by RNS
The company news service from the London Stock Exchange
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