$4 million in auction bids in a single day
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LabX product story
Edited by the Laboratorytalk editorial team
Oct 13, 2005
The scientific and medical equipment online auction marketplace, LabX, received over $4 million in bids on 30 September 2005
"This record day reflects our continuous efforts to grow LabX.
"What a thrilling way to wrap up a great quarter," said Bob Kafato, CEO.
LabX again set several new records for both the third quarter and October of 2005 including record numbers of new members joining.
LabX membership has now surpassed 80,000 as of October.
The LabX 'pay-per-lead' system, LabVista, also grew strongly.
Said Kafato: "The LabVista system now generates a surprising portion of our revenue.
"Pay-per-lead is the next generation of online marketing services, a step ahead of pay per click systems like Google Adwords".
Labx claims to be the largest and most active scientific products marketplace on the internet with over 500,000 visitors per month and 80,000 listings.
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