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WorthPoint Corporation Announces Plans to Acquire GoAntiques, Inc.

2008-08-20 15:17:00

    ATLANTA, Aug. 20 /EMWNews/ -- Atlanta-based WorthPoint ( ), a Web 2.0-based data and media company that offers a

vast database of sales records on art, antiques and collectibles, announced

Wednesday that it has signed a letter of intent to acquire Dublin,

Ohio-based GoAntiques ( ), an online network for buying

and selling antiques and collectibles.

    With 100 million avid collectors around the world and the global

collectibles market estimated at $150 billion a year, combining two of the

premier Web sites for art, antiques and collectibles was just common sense

for Will Seippel, Founder and CEO of WorthPoint Corporation and Jim

Kamnikar, President and CEO of GoAntiques, Inc.

    Founded in 2007, WorthPoint has quickly become the largest social

network for researching the worth of antiques and collectibles. More than

50,000 people registered as WorthPoint members in the company's first nine


    WorthPoint offers a rich multimedia experience that helps collectors

understand the worth of their items, and it provides expert advice from its

team of Worthologists on how to preserve or sell antiques and collectibles.

Members can also share their knowledge and create online collecting


    Founded in 1994, by Kathy Kamnikar, as Antique Networking, GoAntiques

is the oldest Web antiques-and-collectibles site. It offers 600,000 items

from more than 1,300 dealers in 31 countries and the world's largest

antiques and collectibles price guide, PriceMiner(R). GoAntiques logs

nearly a million visits and thousands of transactions each month and has

more than 350,000 registered members.

    "GoAntiques is a perfect fit for WorthPoint," WorthPoint CEO Seippel

said. "It is the longest-running and most experienced

antiques-and-collectibles site on the Internet and has a great staff.

Combined, we will have more than 1 million visitors a month to our Web


    "Our acquisition of GoAntiques will accelerate our growth by

introducing the antique-dealer community to WorthPoint," said Seippel.

"More importantly, it will introduce thousands of antique dealers to the

thousands of homeowners who come to the WorthPoint site daily looking to

sell some of their possessions."

    GoAntiques' Kathy Kamnikar said she is thrilled to be part of the

WorthPoint team. "Fifteen years ago my dream was to serve the antiques

market. With Jim as President we've come a long way and now with WorthPoint

we can go even further."

    GoAntiques' Jim Kamnikar said: "This is a good match. WorthPoint will

give us the added resources we need to expand our marketplace and provide

additional value to our buyers and sellers. The people looking for

assistance with estates and collections, who come to our site, will benefit

greatly from having access to WorthPoint's rapidly expanding team of


    "WorthPoint represents the future of collecting worldwide, and we are

happy to be part of that exciting future."

Steve Johnson, Corporate Communications, WorthPoint Corporation [email protected] (877) 734-7735 x9019 (703) 798-5236 (Cell)

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