Menlo Park, Calif., October 30, 2007 - AuctionDrop, Inc. (www.auctiondrop.com), a leading online retailer of authentic premium brands and luxury goods, announced today that the company has earned a coveted spot on the Silicon Valley Business Journal’s prestigious Fast 50 list. The publication ranked AuctionDrop as the third fastest-growing private company in Silicon Valley for 2007. The annual Fast 50 survey ranks privately held companies based on their revenues and percentage of growth over a three-year period from 2004 to 2006.

AuctionDrop’s rapid growth is a result of its successful business-to-consumer model which sources gently-used and surplus premium-brand and luxury inventory from big box national retailers, high-end luxury retailers and other corporate sources. AuctionDrop then sells the high-quality merchandise through eBay and other online channels. AuctionDrop has grown 40 percent quarterly over the past nine quarters. The company is now one of eBay’s largest retailers with merchandise volumes in the 99 percentile of all active eBay merchandisers. Additionally, the company has maintained a remarkable 99.7 percent positive consumer “feedback” rating on eBay for all transactions to date.

"We are honored to be recognized as one of Silicon Valley Business Journal’s Fast 50," said George Northup, president and CEO of AuctionDrop, Inc. “This award is a direct reflection of our hard-working staff and their commitment to delivering an innovative reverse supply chain strategy for our partners and providing our consumers with exceptional goods, great prices and a positive experience. We look forward to building upon our success in 2008.

About AuctionDrop
AuctionDrop is a trusted online retailer of authentic premier brands and luxury goods at incredible prices including jewelry, watches, clothing, handbags, accessories, cameras, stereos, TVs, and more. AuctionDrop provides a consistent and reliable channel for companies to liquidate excess inventory in a timely and efficient fashion via eBay’s broad market of more than 210 million buyers. AuctionDrop is headquarted in Menlo Park, Calif. For more information, please visit AuctionDrop.com

PR CONTACT:
Marian Hughes
Tier One Partners
(708) 246-0083
mhughes@tieronepr.com