SkyAuction.com Inc. is an online marketer and distributor of travel products and services using a no-reserve auction format. The no-reserve auction format allows customers to bid competitively while viewing all current bids in real time, without obligating them to meet a minimum bid requirement (reserve) for any of the auctions. Through the Company's Website, www.skyauction.com, it offers excess travel inventory from airlines, hotels, resorts and tour operators. Customers bid on a wide variety of products and services, such as airline tickets on scheduled flights, hotel and resort accommodations, tour services and comprehensive travel packages. A registered user can participate in an ongoing auction by placing a starting bid of at least $1. Registered users bid, and auction winners ultimately pay, only the amount that they perceive to be a good value for the product or service purchased.