Arizona’s Own Ebay Style Auction Named as INC 500 Company

Arizona’s Own Ebay Style Auction Named as
INC 500 Company

~ Fast Talking Firm does some Fast Moving Growth

New York, (October 20, 2004) – Inc. Magazine, the premier publication for small and medium-sized businesses, today released its 23^rd annual Inc. 500 ranking of the fastest-growing private companies in the country.  The results named Auction Systems Auctioneers & Appraisers of Phoenix, AZ on the prestigious list for its third round as an INC 500 honouree. The Phoenix based live and Internet Auction company, Auction Systems, ranks #397 on the list, with five year average annual sales growth of 466%. 

 The companies that made this list have thrived despite continued stagnation in the economy, posting an average year-over-year sales growth of 265%. Inc. 500 companies posted aggregate 2003 revenue of $12.6 billion, and 82% of them were profitable. And while the United States shed 410,000 jobs in 2003, Inc. 500 companies provided employment for more than 70,000 people.   

Auction Systems is a full service auction firm offering live simulcast Internet auctions and 24 hour a day live Internet radio that broadcasts auctions and auction talk.  The fast growing company which first opened its doors in 1995 and offers live in-house and online simulcast auctions of everything from cars to homes, antiques to jewelry and fine wine to power tools on the Internet site at (www.auctionandappraise.com).

 Auction Systems CEO, Deb Weidenhamer was making her weekly flight back to Phoenix from a job that required a weekly commute when the course of her life changed.  A retired Auctioneer sitting next to her in first class spent the flight telling Deb about the business he loved.  His passion was contagious and before long, Deb Weidenhamer became one of the few woman Auctioneers in the nation,  and opened Auction Systems.  Immersed in all aspects of the industry, Ms. Weidenhamer has been instrumental in forming Auction Laws that protect the Consumer, lobbying for Auction Rights.  A monthly Auction Industry Columnist, Phoenix Chamber of Commerce Businessperson of the Year and the President of Auction Systems, Deb is at the helm of this successful full service Auction company just recently celebrating the opening of a second location.

 Upon hearing the news of this year’s ranking on the INC 500 Deb said “As an entrepreneur recognition is so important for employees and for our clients, and certainly recognition year after year shows that our company has staying power”.