bidorbuy Acquires a Stake in Jump Shopping

(29 January 2007) Inc, a Delaware Company and the parent of bidorbuy (Pty) Ltd, Africa's largest online marketplace, acquires a 22% stake of Jump Internet Technologies (Pty) Ltd, a company operating a South African online shopping comparison web site, Jump Shopping.

Andy Higgins, Managing Director of believes that the synergy between and has resulted in a natural progression towards this relationship. Says Higgins, "bidorbuy is committed to improving consumer experience. By enabling buyers to do comparative online shopping from the comfort of their home, it puts the power back into the hands of the consumer". As bidorbuy strives to enhance the online buying experience by making it easier, safer and more convenient for buyers, it believes that Jump Shopping compliments this offering while at the same time providing a valuable performance based marketing tool for online merchants. is currently ranked amongst South Africa's top websites and generates more than 4 million page impressions and receives over 300,000 unique visitors each month. With more than 180,000 registered users and over 9,000 sellers, more than R5 million in turnover is produced monthly via its online marketplace.

Jump Shopping provides South African merchants with an online platform to display their products and in doing so gives online consumers the ability to search for and compare prices from South African online merchants. The number of stores currently listed in the online shopping directory is close to the 600 mark and according to Albert Bredenhann - Managing Director of Jump Internet Technologies - the list is not 100% complete as all online stores are yet accounted for. "Although we strongly believed in our brand since the initial launch of the search engine in 2006, we feel that the investment from bidorbuy will not only help us grow our business, but will further aid in boosting e-Commerce in South Africa, giving online merchants the recognition they deserve. We are very excited about what the future holds for Jump Shopping." says Bredenhann.

Jump Shopping, will continue their drive to increase the visibility of online stores in South Africa and to give consumers the best offering when it comes to comparative online shopping. Jump Shopping's revenue model is based on CPC (Cost per Click) similar to Google, whereby online merchants only pay for online leads generated from Jump's website.

While financial details of the transaction were not disclosed, bidorbuy has an option to acquire a majority stake of Jump Shopping in the future.

About bidorbuy

bidorbuy is South Africa's largest online marketplace. Established in 1999, the company has created a safe and convenient way for people to buy and sell goods online. As a virtual trading place that brings buyers and sellers together and allows them to buy and sell virtually anything at a fixed price or in an exciting auction format, bidorbuy has created a thriving online marketplace.