Proxibid announced today that the Company has secured funding from Tetrad Corporation.

Omaha-based Proxibid and Tetrad have entered into a cooperative agreement allowing the Company access to capital and business advisement. This funding will enable Proxibid to expand its marketing and advertising efforts, while undertaking an aggressive development schedule for its new Web site. Additionally, Tetrad executives will join Proxibid’s board of directors.

“This investment is another significant milestone for Proxibid,” said CEO, Bruce Hoberman. “These resources will enable us to fast-track the development of our Web site, while allowing us to continue to offer our bidders and auctioneers the top-notch service they have grown to expect from our Company.”

Posted: 08|4|08 at 7:00 pm. Filed under: Auction News.