“Fanprice.com Launches New Service”

LOS ANGELES, CA (PRNewswire) May 20, 2008 — Fanprice, Inc., a new ticket exchange that lets fans set the price they want to pay for tickets, announces the launch of their revolutionary new service, Fanprice.com. The company will celebrate its national debut at the annual Fiesta Hermosa in Hermosa Beach, California throughout the Memorial Day weekend. Launch festivities include giveaways and the company will introduce its 100 days of free tickets with the “Fanprice.com Summer Hookup”.

Fanprice.com will introduce its host of services during Fiesta Hermosa in Hermosa Beach, California during the Memorial Day Weekend. In addition to product demonstrations and giveaways, Fanprice will initiate its 100 days of free tickets with the Fanprice.com Summer Hookup. The Summer-long promotion begins at Fiesta Hermosa over the holiday weekend and will be open to a National audience beginning Tuesday, May 27th. Simply register at Fanprice.com and place an offer for a show of your choice. A pair of tickets will be given out every day during the 100 days Hookup promotion.

The creation of ticketing expert Scott Daniel, Fanprice was further developed and born into reality by engineer and software developer, Jaseem Masood and (at the time) consultant, Eli Barntsen, who respected the concept and unique business model and quickly signed on as director of Business Development.

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“After talking with hundreds of ticket brokers, online ticket resellers and fans, we learned that most ticket holders would be happy to sell the tickets to a fan at a price they are willing to pay,” states Scott Daniel, President and co-founder of Fanprice. “Until now the market hasn’t allowed for the Fanprice type of ticket pricing structure, which has left fans frustrated.”

Fanprice reverses the business model of traditional secondary ticket merchants, by creating a fair market exchange between buyer and seller, in turn developing a community that perpetuates parity in the marketplace. Designed for anyone who is interested in buying or selling tickets, Fanprice.com has an extensive range of tickets for all professional sporting events, concerts, theater and special events with no transaction fee for the buyer.

Advocates of promoting and supporting the underground and unsigned artists, Fanprice has created an exclusive feature to enhance the visibility and increase the revenue of the unsigned, the Featured Artist Program. Fanprice not only showcases this talent pool on their home page and other viral hot spots, but also provides them with a platform for additional exposure and the distinctive ability to get show tickets in the hands of their loyal and new fans without the standard transaction fee.

“Fanprice has created a unique experience, linking fans and sellers in a truly fair market ecosystem,” states Jaseem Masood, Co-Founder and CEO of Fanprice, Inc. “We felt it was about time the fan has a say in how much they want to pay for tickets and we’re happy to bring our distinctive service to the public.”

With its detailed venue maps, secure environment and simple four-step process, buyers and sellers can start purchasing and exchanging tickets with ease. For ticket buyers and sellers it all starts with visiting Fanprice.com. The buyer’s selects event or venue, chooses seat section, sets offer price and expiration of offer then enters payment information. For the ticket seller, uploading ticket inventory, reviewing and accepting offers is all it takes.

In keeping with Fanprice’s mission of fan empowerment, there is no service fee or transaction fee charged to the buyer. An industry standard transaction fee of 15% is assessed to the seller.

Learn more about the Insomniac web browser, designed for ticket resale professionals

As a company that conducts online transactions, Fanprice respects its site visitors, buyers and sellers and is dedicated to ensuring the security of all transactions on the site by employing VeriSign Secured, TRUSTe and McAfee Hacker Safe programs. Additionally, its FanSafe(TM) Ticket Guarantee assures customer satisfaction by promising, tickets will arrive in time for the event, tickets will be authentic and valid for entry, tickets will be identical or superior to the ones ordered and a refund if event is canceled and not rescheduled.

For additional information please visit http://www.fanprice.com and


About Fanprice, Inc.

Founded in 2007 and launched in 2008, Fanprice is a revolutionary ticket exchange that lets fans set the price they want to pay for tickets. The company has created a unique ticketing experience linking fans and sellers in a truly fair market ecosystem. Fanprice’s assembly of subscribers and users offer tickets for a full spectrum of events, including sporting events, concerts and even theater. Fanprice, Inc. is headquartered inPetaluma, CA and has its creative offices inLos Angeles.

SOURCE Fanprice, Inc.

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