The Car and Truck Fleet and Leasing Management Magazine

OnLine Ringman Surpasses $1 Billion in Sales

November 13, 2003

Auction Management Solutions, Inc. (AMS) announced that, in partnership with the ServNet Auction Group, Auction Broadcasting Company, and others, more than $1 billion dollars in sales to OnLine Ringman bidders from around the world has been surpassed. AMS now forecasts dwarfing that figure by year-end 2004.

AMS also disclosed the rollout completion of its newest version of the OnLine Ringman system, which has received positive reviews from auctions, bidders, and consignors. First introduced to the marketplace in 1999, the system has proven a most reliable and resilient platforms with well over 1,000 auctions under its belt, according to company officials.

AMS expects to begin rolling out another major system upgrade in December. The new version will include further performance enhancements and an upgraded audio/video capability. While continuing to support bidders using modems, the upgraded audio/video feature will also provide significantly faster and higher quality video to bidders on broadband or high-speed connections. According to Brian Hardway, vice president of Auction Systems, the new capability offers bidders with up to 10 frames per second while conserving bandwidth usage (cost) at the auction site.

Commenting on both announcements, Nancy Rabenold, president and CEO, stated, “As the pioneers of successfully simulcasting an auction over the Internet, it is rewarding to realize the $1 billion sales milestone. It reflects industry confirmation of AMS’s original and existing vision that the marketplace – both consignors and bidders – can and should expect more as it relates to the effective and efficient integration of technological advancements."
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Faq Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Fleet Tracking And Telematics

Todd Ewing from Fleetmatics will answer your questions and challenges

View All


Fleet Management And Leasing

Merchants Experts will answer your questions and challenges

View All


Sponsored by

A vehicle capable of running on two types of fuel, typically compressed natural gas and gasoline.

Read more

Up Next

More From The World's Largest Fleet Publisher