Channel Velocity Contracts with Nespresso  Evanston, IL – April 5, 2006 – Channel Velocity, Inc. (CV), a leading provider of enterprise auction management solutions, announced today that it has contracted with Nespresso, an international manufacturer of premier espresso machines. The deal was a result of the CV’s continued growth of auction management solutions using eBay to sell secondary and excess inventories. CV will provide Nespresso with totally outsourced auction management services.“Channel Velocity does the best job of consolidating the eBay market for branded manufacturers. CV has proven it can raise prices to avoid conflict with our primary channels, and provide visibility and control over the resale of Nespresso products,” said Olivier Brunschwick, president of Nespresso USA. Channel Velocity’s comprehensive online auction services assist large companies with emerging secondary channels like eBay. Often this involves selling off-lease, returned or overstocked products directly to end consumers. The Company’s innovative services bypass traditional asset recovery models to create new revenue streams from product that would have otherwise been destroyed or liquidated for pennies on the dollar. About ChannelVelocity, Inc. Channel Velocity is a leading provider of auction management and asset recovery services. By reaching end-consumers directly and bypassing traditional liquidation channels, CV’s clients achieve demonstrable cost savings and new revenue opportunities from secondary and excess inventory. For more information on Channel Velocity, contact us at press@channelvelocity.com or on the web at www.channelvelocity.com.
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