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LONDON, UNITED KINGDOM — November 12, 2010

Auctionbringer Ltd is pleased to announce that Red Panda Holdings Ltd., the owner of the site RedPandaBid.com, has signed an agreement to launch a Penny Auction site on the Auctionbringer Investments network, which is based in Curacao and licensed by the Curacao eGaming Commission.

“The Red Panda brand represents a more open, exciting and ethical attitude to penny auctions” says Matt Dyke, advisor for Red Panda Holdings Ltd. “The Red Panda is a rare and beautiful animal that is seen as a symbol of good luck in parts of Asia. A percentage of profits from Red Panda Bid go towards protecting the Red Panda, which is in serious danger from becoming extinct”.

Red Panda Bid is the first product offering to be launched by Red Panda Holdings Ltd, but there are plans to announce more products in the near future. Dyke says, “the Red Panda brand has the potential to appeal to a more discerning and ethically minded consumer across other gaming markets, beyond penny auctions”.

“We are thrilled to welcome Red Panda Holdings Ltd and redpandabid.com as a White Label partner,“ said Mathias Larsson, Director of Auctionbringer Ltd. “They have very exciting plans for the future and they will become an important part of the growing and vibrant Auctionbringer network. Over the coming weeks, we look forward to making several new partner announcements as the Auctionbringer network expands internationally."

About Auctionbringer Ltd

Founded in the UK in early 2009, Auctionbringer Ltd is the world’s first B2B-provider of Penny Auction platforms. A White Label includes hosting services, back office, payments and a pooled liquidity across the European and North American market. Auctionbringers head office is located in London, United Kingdom.

Contact

Mathias Larsson, Auctionbringer Ltd, Director +44 758 4811178, mathias@auctionbringer.com

For more information and to try out Redpandabid, visit www.redpandabid.com.

Auctionbringer Investments are also powering MissPenny.com, Redpandabid.com, Mycashauction.com, Tahiprosfora.com, Pennyching.com, Svenskabud.se and Funpenny.com

© 2010 by Auctionbringer Ltd