Sunday March 22, 2009, 8:30 am ET

Charlotte, North Carolina, March 22, 2009 /Remodel Newswire/ - Remodel Auction, Inc. announced today a new era of pricing technology is emerging that holds out the promise of property owners gathering estimates for home improvements being able to use the Internet to obtain real quotes for remodeling. 

As the nature of pricing information distribution evolves into integrated online services and hosted models, vendors and customers are facing what is probably the beginning of the end for the sales pitch that forces homeowners to haggle over a good price for home improvements.

Clinton F. Walker, Founder and CEO of Remodel Auction, Inc. stated, “Pricing technology readily available on the Internet is the key to the future of how homeowners make decisions on home improvements.”

Remodel Auction™ is a proprietary online marketplace that empowers homeowners to put their remodeling projects up for competitive bid.  Remodel Auction has facilitated approximately 200 remodeling projects in Charlotte and Raleigh prior to launching the auction site.   Founded in February 2005, Remodel Auction is a publicly traded Delaware corporation headquartered in Charlotte, North Carolina that provides analysis and helps detect and manage pricing differences when planning a remodeling project.  Remodel Auction puts actionable information into the hands of property owners who need it, when they need it, while planning common remodeling projects, such as weatherization, solar systems, window replacement, siding installation, and custom trim work.  Remodel Auction’s proprietary technology is designed to help property owners gain competitive advantage when choosing the best cost versus value for their home improvements.

Forward Looking Statements

There is a great deal of risk associated with ownership of the shares of stock in Remodel Auction.  This news release contains statements of a forward-looking nature relating to future events, such as timing of an investment in the company’s common stock on the OTC Pink Sheets and the company’s business.  Such statements entail a number of risks and uncertainties, including but not limited to: Remodel Auction’s ability to obtain additional funding to continue its operations; its reliance on third parties, including users of the website and municipalities for weatherization, solar and other targeted sectors; the ability of Remodel Auction to commercialize and successfully market the online marketplace; including certain risk factors listed in the company’s prospectus REGDEX under the caption “Risk Factors.”  Any forward-looking statements or projections are based on the limited information currently available to Remodel Auction, which is subject to change.  Although such forward-looking statements or projections and the factors influencing them will likely change, Remodel Auction undertakes no obligation to update the information.  Such information speaks only as of the date of the release.  Actual events or results could differ materially and one should not assume the information provided in the release is still valid at any later date.