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GovernmentAuctions.org to Allow its Members to Post FSBO Real Estate on its Site


WEBWIRE

Great Neck, NY, January 21, 2005, GovernmentAuctions.org (www.governmentauctions.org), a division of Cyweb Holdings Inc, announces that it has initiated structuring its website to allow its members to post FSBO (For Sale By Owner Real Estate) properties on it for viewing by other subscribers.

“The plan is to allow our members to post their FSBOs for free as an added feature of our service,” says Cyweb Holdings VP Michael Pesochinsky. “The value to our customers will be twofold. First, members will be able to showcase their FSBO properties in front of our sizeable bargain-minded subscriber base, increasing the chances for a quicker sale. At the same time, having these added FSBO listings on our site will allow homebuyers interested in the foreclosures and bargain properties we currently have listed to view additional affordably priced real estate.”

The ability of members to post FSBOs on GovernmentAuctions.org is set to be incorporated as a feature in the next several months. Those properties which are FSBOs (as opposed to foreclosures) will be clearly delineated as such, and members will be able to access the additional information at no additional charge.

“We are very excited about rolling out this upcoming feature,” says Pesochinsky. “Many of our members have inquired about posting their properties for sale on our site, and we have committed ourselves to continue enhancing our service to meet our customers” needs"

About GovernmentAuctions.org
GovernmentAuctions.org (www.governmentauctions.org) is a membership-based web site for bargain hunters that helps its users find and participate in government auctions of seized and surplus property. It also provides its members with access to its weekly nationwide database of 40-50,000 foreclosure listings across the United States.

About Cyweb Holdings Inc.
Cyweb Holdings Inc. (www.cywebholdings.com) is a company that, through it’s divisions and holdings, provides high quality web-based information services to the public and other businesses. The company consists of personnel and management who, combined, have extensive experience in business, government, law, software and technology, and who have committed themselves to use their backgrounds and knowledge to create, sustain, and invest in, superior information products in various markets.



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