PropertyRoom.com Sells $10 Million of stolen goods

November 14, 2006 at 10:39 pm Leave a comment

PropertyRoom.com sells lost, stolen or forfeited goods from police departments.

 Last year PropertyRoom.com, an auction Web site that sells lost, stolen or forfeited goods from police departments, opened its doors to third-party vendors.

Revenues jumped 33 percent, to $8 million, and are projected to hit $10 million to $12 million in 2006.

BIG_lane_tom_propertyroomcom.03.jpg
Tom Lane: Co-founder and CEO, Propertyroom.com

NO DOT-CONS: PropertyRoom.com has signed up more than 750 departments since it was launched in 1999, and its 70 employees ensure each product’s authenticity and condition.

http://money.cnn.com/magazines/fsb/fsb_archive/2006/11/01/8391413/index.htm?postversion=2006111409

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Entry filed under: Internet Startup.

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About Biz News

My Name is Bisi and this is my blog This blog features stories that I have read that I think are interesting . I usually bookmark the stories that I find interesting but they are getting too many . I have decided to catalog and share them on this site . I am not really promoting the site so you might have accidentally stumbled on it . Thanks for visiting .
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