The Economy and Statistics of Penny Auctions Expected to Change Soon

Today, April 20th, is a big day for people who love to bid on the increasingly popular penny auctions. At 0:00 GMT today, the highly anticipated tool, Penny Auction Bot, was released by Krish Puri. Penny Auction Bot, as its name suggests, is a simple yet highly configurable program that allows bidders to automatically bid on penny auctions on the Internet. End Quote

(1888PressRelease) April 20, 2011 - There's no doubt that you've heard of the increasing popular penny auctions that are taking the Internet by storm. But the excitement, power and potential that penny auctions offer people just got one hell of a lot greater with the release of a new tool that allows people to automatically bid on the penny auctions of their choosing.

It's called Penny Auction Bot. Programmed by Krish Puri, an intuitive freelance programmer, critics have been predicting a wave of both profit and irritation for participants at some of the most popular penny auction websites. Such a tool clearly poses immense power for those who possess it, and will likely be a large annoyance for those who don't.

"Penny Auction Bot has been in development for many months", said Krish. "To finally have such a tool released is going to be quite a thrill both for me and my clients." As Penny Auction Bot behaves exactly as you would (except you're not really there), then it is likely that penny auction websites will find it impossible to block. Because the end of a penny auction is highly time sensitive, preventative systems such as captcha cannot be used as they would require too much time for a human to type in.

"What has me so excited about Penny Auction Bot is the fact that it's 100% automated", continued Krish. "You tell the program which parameters you would like it to follow - such as when you want to begin bidding based upon the time left in the auction, even one second - and you can walk away from your computer for as long as you like, and Penny Auction Bot will do what you otherwise would. It's both fantastic and exciting to have developed a first-in-its-class program like this."

Penny Auction Bot released today at 0:00 GMT. The program costs a firm $97 with no discounts currently being offered. This is expected to cause even more of an effect on penny auctions as not everyone will be able to afford it at this price - and that means that those who can afford it are going to become even more profitable in the wars that penny auctions have come to be.

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