Released on: September 9, 2008, 4:55 am

Press Release Author: Rick Mefferd

Industry: Financial

Press Release Summary: http://www.junk-yard-bids.com has launched a new website to
help people quickly find junk yard parts. Speaking on the occasion of the launch of
the site, Mr. Rick Mefferd, founder of the company said that the company has been
launched with the objective of quickly hunting out the best online Junk yards and
Auto Junk Yards. To make the search option as focused as possible the site has
incorporated the best search technology to quickly narrow down on the search. Mr.
Mefferd said that recent trends have shown that more people are now repairing their
cars and opting for Auto Junk Yards as a main source for their parts. With the
economy on a downslide, many people are planning to hold on to their old cars for
longer than usual, and this has led to repair garages being crowded and OEM parts
manufacturers seeing a slide in their business.

Press Release Body: http://www.junk-yard-bids.com has launched a new website to
help people quickly find junk yard parts. Speaking on the occasion of the launch of
the site, Mr. Rick Mefferd, founder of the company said that the company has been
launched with the objective of quickly hunting out the best online Junk yards and
Auto Junk Yards. To make the search option as focused as possible the site has
incorporated the best search technology to quickly narrow down on the search. Mr.
Mefferd said that recent trends have shown that more people are now repairing their
cars and opting for Auto Junk Yards as a main source for their parts. With the
economy on a downslide, many people are planning to hold on to their old cars for
longer than usual, and this has led to repair garages being crowded and OEM parts
manufacturers seeing a slide in their business. As an auto consultant, he felt
this was the right time to launch a portal which would serve as a platform for
customers to quickly find Auto Junk Yards. Mr. Mefferd mentioned that there was an
immense amount of logistical effort that had gone into setting-up this portal.
Without a good network of suppliers it would not have been possible to launch a
fully functional website. The company has already received commitments from many
Auto Junk Yards and many more are on the way. Mefferd made a presentation on the
various features that are available on the new site showing the search for Junk
Yards can be done either by Original Vehicle Manufacturers or by type of vehicle.
Customers can also request for parts using the online form that is available on the
website. The work-flow of the website will take this request to the back-end
operations team who will ensure that the requested parts are quoted by the best
possible supplier. Answering to questions on the funding aspects of the new site,
Mr. Mefferd said that the funding has been done using resources from private
investors and his own personal capacity. He however refused to divulge the names of
the investors. He mentioned that the company hopes to break-even in the next 3
quarters. On the revenue model, he mentioned that a bulk of the revenues would come
from the commissions that would be charged from the leads that are generated. The
company has a well chalked out revenue model which is sure to give results within
the specified timeframe. He mentioned that Junk Yard Cars would be in high demand
because the new auto sales market appears to be shrinking and sales of cars of
leading auto manufacturers have fallen along with the rising prices of gas have
complicated the problems for manufacturers and vehicle owners. Mr. Mefferd stated
that Junk Yard Bids would add a new dimension to the business of Junk Yard Cars as
the site enables customers to fill out one request that then is presented to 100\'s
of Junk Yards looking to fill that request. This is truly a win-win situation that
is sure to save the searcher hours upon hours of their valuable time.

Web Site: http://www.junk-yard-bids.com

Contact Details: Company name:

Junk-Yard-Bids.com

Street name = Kimball Court

city name = Chino


Zipcode = 91710

state = California

Country = USA

Phone = 909-597-2600