press releases

buySAFE™ Wins NVTC's "2005 Hottest Venture Capital Deal" Award  

Every item in the buySAFE Bonded Shopping™ Network is bonded
and guaranteed up to $25,000.

ARLINGTON, Va. (July 15, 2005) - buySAFE, Inc. (www.buysafe.com), the world's leading e-commerce and auction bonding service, announced today that the company won the Northern Virginia Technology Council's (NVTC) "2005 Hottest Venture Capital Deal" Award. This award goes to the company that offers the most all-around potential for return-on-investment -- a strong management team, great buzz and a winning product or service. buySAFE received an additional funding round of $13.25 million in early 2005 led by Grotech Capital and Core Capital Partners. First-round funders Hartford Ventures and Thomas Rutherfoord, Inc. also invested.

"This is a great honor for buySAFE, and we share this award with our employees, board members and venture capital partners," said Jeff Grass, CEO, buySAFE. "2005 has been a big year for us. We have grown our service offering exponentially, established ourselves on other marketplaces, and built a stellar team. Winning this award is the icing on the cake."

Now in its fourth year, the Hot Ticket Awards celebrate the efforts of entrepreneurial companies and individuals of the technology community who have exhibited "something special" -- great vision, the ability to implement and deliver, an innovative management approach or star-quality charisma.

NVTC received a record number of nominations this year. An independent panel of judges reviewed the finalists in each category and selected one winner for each award.

about buySAFE

buySAFE, Inc. helps to create a safe and stress-free online shopping environment through Bonded Shopping™ - the only program that qualifies merchants, identifies reputable online businesses with the buySAFE Seal, and uses surety bonds to provide protection for individual buyers from online transaction risks. buySAFE also benefits online merchants by signaling they are a reputable and trustworthy seller, thereby increasing profit opportunities. Items currently bonded with buySAFE can be found at buysafeshopping.com. buySAFE is headquartered in Arlington, Virginia, and more information can be found at www.buysafe.com