College Park, Md.– Goozex, Inc., the leading online video game trading community, announced that its members have saved an estimated $3.7 million on video game trades since the company launched its website in July 2006. In the last year alone, the Company estimates that members have saved $3.2 million, with an average savings of about $20 per trade when comparing to the cost of trade-ins at retail stores. Despite the recent difficult economic times, Goozex has seen trading activity increase over 200% during the last year, driven by word-of-mouth and Internet searching on ways to save money acquiring video games.
Goozex members appreciate getting the best value for their video games when they trade directly with other members. By skipping the middleman and avoiding the high fees usually associated with retail trade-ins, Goozex provides a higher value for games and allows members to trade using a hassle free and secure system. Goozex assigns a point value to each game using internal data for supply and demand. Members trade their games for points, and can then spend the points to request other games from other members. In the process, they spend only $1 for each transaction. The $1 fee plus minimal shipping costs is all what users need to spend to get games on Goozex.
Goozex figures are based on the average amount saved by members when trading their video games on Goozex.com as opposed to trade-ins at traditional used video game retail stores. Goozex estimates that on average consumers incur a $20 out-of-pocket expense after trading-in a game and purchasing another used game of equal value at retail. Conversely, Goozex members save $16.50 per game trade, after subtracting the costs of mailing and the $1 transaction fee from the $20 lost in trade-ins at used game retailers.
“Goozex was born from the game consumer point-of-view to get a fair deal on games and save money on getting other games,” CEO Valerio Zanini said.“It only takes a few trades to see that you’ve just saved a lot of money on Goozex and that you can put that money towards other things in your life without giving up your gaming hobby. The dramatic increase in trading activity in the last year has been fueled, in part, by the economic downturn the country has been facing. People are looking for ways to save money and Goozex has become a perfect solution for them to get a great value on their games and save money getting other games.”
About Goozex, Inc.
Goozex, Inc. is an award winning and best in class peer-to-multi-peer trading company headquartered in College Park, Maryland. Since the site launched in July 2006, Goozex.com has been the leader in online game trading centered on an automated point system. Games are assigned a point value based on several factors including supply and demand, and users earn points when trading their games with other users. Points can then be redeemed for other video games. The system offers its users a fair market value for their games and guarantees all trades. On average, members can save about $16.50 per game trade as compared to traditional used game retail stores.
Goozex, your game trading community TM. Please visit our website at www.goozex.com
Mark Nebesky, CMO