Virtual Superstore, Catering to Consumer and Business Buyers, Celebrates Grand Opening

LAS VEGAS--(BUSINESS WIRE)--Nov. 18, 2002--eBay Electronics celebrates its grand opening today at www.ebayelectronics.com, offering millions of products daily, including consumer electronics, computers, peripherals, networking, telecom, software, photography, video games and much more. This new site is dedicated to providing consumers and business buyers a one-stop-shop for anything Electronics. It launches together with the introduction of Free Shipping, a first-time promotion from eBay, giving buyers an easy way to search for electronics items shipped free.

"Just in time for the busy holiday shopping season, free shipping at eBay Electronics gives buyers one more reason to shop on eBay," said John Herr, vice president and general manager of eBay U.S. "With the tremendous selection of new and used products, great values, and more ways to shop through fixed-price, no other destination beats eBay Electronics."

Annual U.S. sales on eBay Electronics is currently at a $2.2 billion run rate in 2002, an increase over $1.4 billion in U.S. sales in 2001. The popularity and success of electronics on eBay is attributed to the thousands of individuals and small businesses who use the eBay platform to sell products and reach more customers. Over the last year, top manufacturers and retailers have joined selling on eBay, offloading excess inventory or refurbished products. The result is an amazing selection of product available and great values for buyers on eBay Electronics.

"eBay has been the number one online shopping site, based on user minutes, for the last two years, and electronics sales have been a big part of that," said Herr. "It made sense for us to gather all Electronics products under one roof on eBay, giving buyers an easier way to find what they are looking for, while we offer an easy and integrated shopping experience for electronics buyers."

Free shipping, one of the new promotions of eBay Electronics, is offered by thousands of sellers who are willing to ship items for free. eBay aggregates items with free shipping, and makes these items easily accessible at www.ebayelectronics.com/freeshipping.

About eBay

eBay is the world's online marketplace(TM). Founded in 1995, eBay created a powerful platform for the sale of goods and services by a passionate community of individuals and businesses. On any given day, there are millions of items across thousands of categories for sale on eBay. eBay enables trade on a local, national and international basis with customized sites in markets around the world.