Online Live Bidding and timed auctions made available to Middle East residents

Dubai, UAE- 14 May 2012- Pioneer Auctions, a regional player in auctioneering and remarketing solutions and part of the ARMS Group, today launched www.pioneerauctions.ae  reportedly the first website for auction bidding in the country.

Leveraging live online bidding, timed auctions with proxy bidding, stock management as well as the option of managing buyers and sellers account online, www.pioneerauctions.ae is developed in the interest of public, making it easy for users to find their ideal type of car or investments that best suits them.

Yasir Al Naeem, CEO of ARMS Group stated, "We recognized the prospective of combining the concept of a traditional auction with the benefits of online functionality, selecting Middle East's automotive space as the perfect platform to merge the two. The internet penetration in the UAE alone was more than 75% in 2011, which was among the highest rates in the region. As this number increases, our customers now have an option to bid online from the convenience of their office, home or on the go."

The new website offers live online bidding, one of the firsts in UAE, where the Live Hall Auction is broadcasted online. Customers can view the entire vehicle list available on offer with detailed reports of the cars history along with supporting images. In addition to the above, customers can also download Tasjeel reports on each car before deciding to buy a particular vehicle.

www.pioneerauctions.ae also offers timed auctions where a number of vehicles are uploaded on the auction website and bidding can run for a period which can last from a few days to a couple of weeks. During this time, registered customers can view vehicle details, select the car of choice and place a bid.

Registered users of Pioneer Auctions can also bid as many times as they want until the allocated time and number of bids runs out. Furthermore, bidders will also have the option of proxy bidding, which will allow them to select a vehicle of choice and mark the highest price they would pay for the lot.  The system will automatically follow the price movements and continue out bidding the other bidders until it reaches the registered buyer's highest price. The buyer will be notified immediately by email and text message if he/she has won the auction and at the same time will be notified if another bidder has outbid their highest price.

Fleet Sellers will have the option of stock management on the website, where they can track and monitor the movements of their vehicles from the pick up by Pioneer till the actual auction.

Both sellers and buyers will have the option to manage their accounts online, check and top-up deposits, view statement of accounts as well as net settlement balances, allowing them to completely track what has been listed and what has been sold.

As a Middle East's very first, www.pioneeraunciton.ae is the only website to provide a full auction home service that is supported by a dedicated and qualified team of Auction Ambassadors, individuals trained to make certain that all transactions are safe, secure and the extremely easy.

About ARMS Group:
ARMS Group of Companies is one of the well diversified Groups in Dubai, United Arab Emirates. Uniquley positioned as an Innovative and Pioneering standard setting organisation in the region. We have specialized in IT Business Solutions, Auctioneering, Travel and Tourism, Real Estate, Bakery Products, Manufactureing, Services and Trading.

For over 75 years, we have remained proudly independent, forcefully committed to private ownership and private dividends, and relying on foresight, expertise and integrity for success and growth. our Group has also partnered with some of the world's finest business establishments, investors and those seeking a business partner in the United Arab Emirates, ARMS Group is an option that simply cannot be ignored.

For further information, please visit their web site: www.armsgroup.ae

About Pioneer Auctions:
Pioneer Auctions was established under ARMS Group of Companies with a clear Vision to be the acknowledged leader and chosen partner in Auctioneering and Re-Marketing solutions through inspired people. Keeping in Line with the Parent Company's vision of building businesses that are leaders in the region; Pioneer Auction has been established as the most technologically advanced and most luxurious auction house in the Middle East Region.

Pioneer's "High-Tech" auction facilities are modeled on an amphitheater design. The air conditioned venue provides cinema style seating with cameras, plasma screens, and professional lighting. All is positioned around a turntable to display the lots for auction, offering buyers a view during sales. In addition, two large halls for previewing cars to be auctioned are attached.

For all media enquires and any further information please contact:
Shamim Kassibawi
PR Consultant
Dubai, United Arab Emirates
Tel: +971 50 382 1258
E-mail: Shamim@shamimscene.com

© Press Release 2012