Proxibid Appoints Damon Peters as Chief Marketing Officer

OMAHA, Neb.–(BUSINESS WIRE)–#advertising—Proxibid,
the most trusted way to connect buyers and sellers of highly valued
items, announced today that Damon Peters has been appointed Chief
Marketing Officer. Damon joins Proxibid from Overstock.com where he
served most recently as Vice President of Marketing. In his new role, he
will be will be responsible for establishing the strategic growth and
brand direction for Proxibid.

“Damon has a proven track record in driving marketing strategy, growing
businesses, and leading high-performing teams to success,” said Ryan
Downs, President and CEO of Proxibid. “His experience across marketing
disciplines, and from start-up to large enterprises, makes him an
excellent addition to our leadership team. Damon will help us build on
our success as a leading online platform, as we continue to meet the
demands of customers and execute strategies to drive shareholder value.”

Most recently, as Vice President of Marketing for Overstock.com, Damon
oversaw the company’s digital marketing business. Damon was a nine-year
veteran of the company and drove growth within the merchandising and
marketing departments, including content strategy and new business
development.

“I’m very excited to join this team,” said Peters. “Of all the companies
I’ve worked with over the years, I haven’t been this impressed with a
management group in quite some time. We have an opportunity to do
exciting things in this space, some things I don’t believe have been
done before. High-value assets require precise connections between buyer
and seller. Proxibid has been the best for sixteen years, and I couldn’t
be more proud to join this team.”

Proxibid offers the industry’s most trusted online platform, enabling
buyers and sellers to transact using four flexible sales methods: live
auction, online-only (timed) auction, buy now, or make offer. Proxibid
offers inventory across 15 categories, representing all major inventory
classes. All purchases on Proxibid are backed by the company’s
sophisticated risk management system, designed to ensure buyers and
sellers are safe when transacting online.

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About Proxibid
Proxibid provides auction companies and asset
owners with access to the most trusted way to buy and sell highly valued
items online. More than $4 billion in inventory passes through the
Proxibid platform annually via live and timed auctions, and Buy Now and
Make Offer transactions, across 15 categories including: heavy
equipment, industrial machinery, real estate, fine art, antiques and
collectibles, and more.

Founded in 2001, Proxibid is headquartered in Omaha, NE with offices in
South Sioux City, NE and London. For more information about Proxibid,
please visit www.proxibid.com.

Contacts

Proxibid
Dana Kaufman, 402-505-7776
Dana.Kaufman@Proxibid.com