FOR IMMEDIATE RELEASE

CompassBay Launches eBay Auction Processing Center

MARLBOROUGH, MA--December 9, 2004 -- CompassBay today announced the launch of its new eBay Auction Processing Center. Formed as a wholly-owned subsidiary of Hyannis Harbor Communications, CompassBay establishes a venue for retailers and businesses alike to sell their excess inventory and business assets without incurring the excessive overhead costs associated with more traditional liquidation channels. CompassBay's Auction Processing Center leverages a unique blend of market expertise, automated and streamlined handling processes, proprietary inventory-auction management technology, and exceptional customer service to efficiently and cost-effectively yield their customers the best sales price for their merchandise in the world's largest marketplace, eBay.

In the US alone, unused business equipment and assets, along with unsold quantities of retail merchandise – all kinds of excess inventory – account for over $57 billion in liquidation sales. This number does not include those assets and excess inventories that remain on shelves, or are constantly being moved and removed without being sold. With each passing day, these assets and merchandise depreciate in value. CompassBay offers a selection of fee structures, including commission-based consignment options to help companies recover value from these assets. These custom-tailored sales solutions generate the best return-on-investment for a variety of businesses.

CompassBay's Auction Processing Center is the first of its kind in the New England region. At each step of the way – from expert merchandise evaluation, to careful procurement, professional auction-building, quality assurance, and exceptional customer service – CompassBay's staff is dedicated to achieving the optimal sales price on every auction. CompassBay currently services a substantial roster of local, regional, and national companies.

About CompassBay

CompassBay provides premier customized eBay auction processing solutions for business assets and excess merchandise. CompassBay is located in Marlborough, MA. For more information, visit www.compassbay.com or call toll free 1.877.888.4767.

CompassBay is a wholly-owned subsidiary and trademark of Hyannis Harbor Communications, LLC. All other product and company names are trademarks of their respective companies.

Contact information:

Debra Tesell
Email: dtesell@compassbay.com
Phone: 877.888.4767
Fax: 508.620.9366