Online Auction Site Launches, Introduces 'Shoptions'

Tech lovers, bargain hunters and Web shoppers have a new online destination with the nationwide launch of, a live bid-to-buy auction site that creates unique shopping experience.

Online PR News – 18-November-2009 – – ATLANTA – November 17, 2009 – Tech lovers, bargain hunters and Web shoppers have a new online destination with the nationwide launch of (Wavee), a live bid-to-buy auction site that creates an exhilarating and rewarding shopping experience. Wavee completes several weeks of Beta testing just as the holiday shopping season kicks-off.

Wavee offers new brand name consumer electronics at 70 to 90 percent off retail value, with features not found on other online auction sites – including proprietary bonus and reward programs, and analytic tools to help shoppers strategize. Wavee's bonus program gives participants the opportunity to win credits with each bid placed, which can be used immediately, banked for future auctions or applied toward bid-to-buy items. The reward program lets bidders earn Wavee points each time they bid, which are redeemable in the site’s rewards store.

The starting price is always $0.00 (USD) and there is no minimum selling price. Each bid placed increases the product price by the preset auction increment, and increases the timer to a maximum of 20 seconds. The highest bidder when the timer reaches zero wins the auction, typically at deeply discounted prices. In addition, Wavee's 'shoptions' (shopping options) concept allows bidders who do not win an item at an auction's close or at any point during the auction to purchase it at retail value, less the dollar amount of their submitted bids.

"As consumers spend more time shopping online and seek new entertainment options, we founded Wavee to transform the online shopping experience into one that can be thrilling and competitive," said Jacky Lai, founder of "We are proud to launch with innovative features, and believe we are raising the bar for the industry and for what shoppers can expect."

About Wavee creates a rewarding shopping and auction experience. The site introduces the concept of “Shoptions” (shopping options), which allows consumers to bid on must-have items at steep discounts off retail via an exciting auction with the option to apply the full value of bid credits towards the purchase of the product. Wavee addresses gaps in existing auction sites by awarding bidders with bonus credits through a proprietary bonus program (reducing the implied bid-to-buy price), tools and analytics that give bidders additional insight, a rewards program and more ways to win.

Wavee is headquartered in Atlanta. More information is available at