Immediate Release Veniza.Com to Unveil Trendy New Fashion Auction Website! SAN JOSE, Calif., Feb 10, 2000 (BUSINESS WIRE) -- VENIZA.COM, a Silicon Valley startup has announced they will be launching a trendy new website focused on person-to-person sales of Women's and Men's fashion products, helping to support the online auction industry which has been reported to grow to more than $50 billion by 2002. Visitors of the website will be able to browse through various auction listings that include Designer Clothes, Lingerie, Footwear, Jewelry, Cosmetics, Bath and Beauty products, Home Decor and other fashion related merchandise. VENIZA.COM will also offer a Multicultural section in which consumers will be able to buy and sell fashion items from other parts of the world. Says Founder and President, Vikash Patel, "The online auction format provides an exciting new way to purchase fashion related products at flexible prices. The idea came after purchasing a number of items from high fashion designers such as Versace, DKNY and Calvin Klein on major auction sites." eBay and Yahoo are currently the largest players in the auction industry. "The larger auction sites have a respectable selection of fashion items but their product offering is too broad to provide a specialty shop environment." Along with the online auction, VENIZA.COM will offer various sections dedicated to the fashion community with features such as Message Boards, "real-time" Chat Room, Horoscopes, Fashion Tips, and Designer Reviews. The site will also provide a venue for up and coming designers to exhibit and sell their collections directly to consumers. VENIZA.COM will utilize a fully automated auction engine which includes such features as proxy-bidding, item descriptions which include pictures and sound, instant email notifications, built-in messaging service, private auctions and user feedback ratings. Website users will also have access to VENIZAWatch. The VENIZAWatch feature allows customers to be notified by email when an item they have searched for has been listed for sale. Customers can currently submit their email address by visiting the website at www.veniza.com to be notified when official launch occurs. Parties interested in listing items for auction before the launch of the website should contact the sales department, sales@veniza.com About VENIZA.COM VENIZA.COM specializes in online person-to-person sales of fashion related merchandise including Apparel, Lingerie, Jewelry, Cosmetics, Footwear and Home Decor. VENIZA.COM is a privately held company with corporate headquarters located in San Jose, CA. ###