Financing Will Be Used to Support Major Marketing Thrust for Holiday Buying Season and Throughout 2005/2006 VALENCIA, Calif., Sept. 27 /PRNewswire-FirstCall/ -- AuctionCities.com, Inc., (OTC:AUCC), the originator of "Micro-auctioning", zip-code focused local online auctions; today announced a short-term round of funding. Four classes of warrants previously issued to a select group of private investors will be called for execution. The Company anticipates raising approximately $12 Million from the warrants, which are scheduled to begin being exercised this week. (Logo: http://www.newscom.com/cgi-bin/prnh/20080810/LAW062LOGO ) The Company plans to use the proceeds of this funding to support aggressive advertising, publicity and promotional campaigns, which will begin immediately and continue throughout 2005-2006. AuctionCities.com has achieved significant customer acceptance in the online auction marketplace with over 7 million total website page views per month, according to NetTracker. The planned marketing campaigns will serve to reinforce the AuctionCities.com brand and build additional website traffic, with corresponding revenues, for the Holiday Buying Season 2005. "AuctionCities.com has become an extremely popular destination website. This fact is supported by NetTracker that shows the average pages viewed per visit at AuctionCities.com last month averaged 30 pages versus the average on the Internet of about two or three pages," stated Michael Berman, AuctionCities.com, Inc. CEO. "Our value proposition is that we offer a richly featured online auction trading and sales environment with low fees and member-friendly policies that are highly competitive with the 'big guys' in online auctioning. Consumers have responded by becoming active and frequent users of AuctionCities.com," Berman continued. About Warrants: A warrant is a certificate issued by a company giving the holder the right to purchase securities at a stipulated price within specific time limits or perpetually. A warrant is sometimes offered by a company as an inducement to buy an offering of common stock or other securities. A warrant can be provided to a select group in exchange for services, cash or assets contributed to the company by certain investors. By means of a properly qualified private placement offering, a company may seek to enhance its cash asset base through the issuance of warrants to a group of select individuals. About AuctionCities.com: AuctionCities.com, Inc., is the originator of "Micro-auctioning", local geography focused online auctions marketed as "Shop your Zip-code". AuctionCities.com is the state-of-the-art alternative and convenient way for local auctioning and shopping. We host local auctions for geographies represented by more than 40,000 U.S. Zip-code specific sites and prioritized 156 metropolitan areas using our patent pending business methods and technology. Forward-Looking Statements: The factors discussed below and elsewhere in this Memorandum could adversely affect the value of the Company's Common Stock. In addition, the factors discussed below and elsewhere in this Memorandum may constitute forward-looking statements and, as such, may involve known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements or the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Any forward-looking statements contained in this Memorandum should not be relied upon as predictions of future events. Such forward-looking statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," "could," "seeks," or anticipates," or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy. Such statements are necessarily dependent on assumptions, data or methods that may be incorrect or imprecise and they may be incapable of being realized. The following factors may constitute or include cautionary, forward-looking statements identifying important factors with respect to such forward-looking statements, including certain risks and uncertainties that could cause actual results to vary materially from the future results covered in such forward-looking statements. Contact: Publicity Department, AuctionCities.com, Inc. 866-587-8921 Web site: http://www.auctioncities.com http://www.newscom.com/cgi-bin/prnh/20080810/LAW062LOGO DATASOURCE: AuctionCities.com, Inc. CONTACT: Publicity Department, AuctionCities.com, Inc., +1-866-587-8921,

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