Australian Entrepreneur Is Taking on eBay and Tackling the Global Financial Crisis...

Australian Entrepreneur Is Taking on eBay and Tackling the Global Financial
Crisis Head on!

The SOC Exchange launches cash-laden membership rewards program

NEW YORK, June 24 /PRNewswire/ -- Australian Entrepreneur, Franco Lagudi is
stirring up the waters for eBay and other 'buy and sell' sites in the US with
an offering unmatched by any others in this space. Thousands of Americans are
flocking to the site to sign up and create their own SOC Exchange
marketplaces... and make some 'quick cash' in these financially treacherous
times.

Lagudi announced an innovative, new membership rewards program that puts cash
directly into the pockets of its members who refer friends. The SOC Exchange
will pay current members a cash referral fee called a 'SOC Fee' for every
friend who signs up for a one year subscription of $10, using their unique
Referral ID. Upon request for payment, 'SOC Fees' will be paid directly into a
member's PayPal account within 10 days from every Saturday. The 'SOC Fee'
amount is published on the website.

"What's even better is that all new members will have the opportunity to earn
a 'SOC Fee.' We will continue to support our members in any way we can,"
Lagudi stated.

Lagudi had a dream -- to make it easy and affordable for everyone to own their
piece of the net. Today, his dream is a reality and The SOC Exchange's novel
service offering is attracting a big following in the online space, in a
market previously dominated by eBay.

The concept is simple. For just $1 per month or $10 per year, flat rate,
people can have their own unique website within The SOC Exchange portal
(www.thesocexchange.com) on which they can list and sell as many items as they
want, with no commission fees and no extra charges.

"We're not intentionally trying to be David battling the much larger Goliath
here, what we are offering is carving into eBay's share of the market," Lagudi
commented. "We are giving sellers the opportunity to set up their own online
marketplace where they can conduct as much trade as they want and 100% of the
profit stays in their pocket."

"We are continually being told by internet users that they are fed up with the
commissions and charges. The SOC Exchange gives the online community a choice
and we will be vigilant in keeping the online space affordable for everyone."
The SOC Exchange allows sellers to list 'buy now' prices with the option for
buyers to also submit best offers on items, making it easier and more
transparent for buyers and sellers to interact, he said.

The SOC Exchange offers 'sellers' and 'advertisers' the capacity to list
literally anything and everything -- from video games, scrapbooking & craft
materials, cars and real estate, to baby items, boats, computers, sporting
memorabilia, jewelry, jobs and resumes.

'Members' get their own, customizable website, loaded with 'value add' IT
features -- with a unique URL -- and have the capacity to add images and even
post a blog -- all for the set up fee of just $1 per month or $10 per year.

"With no additional fees or commissions and a phenomenal 'cash back' member
rewards program, it's no wonder consumers are flocking to The SOC Exchange,"
Lagudi added.

Buyers can register with the site free of charge and then browse the numerous
categories, search by product name or within a set distance from their
location, or go directly to a seller's site. Buyers can also bookmark sites
and register with their favorite sellers for email updates and information on
new products.

"At a time when every cent counts, The SOC Exchange is helping consumers build
a new online business, extend an existing one or simply make some extra money.
You can sell anything you want and sell as much as you want for $1 per month
or $10 per year, flat rate," Lagudi stated.

About The SOC Exchange
The SOC Exchange is an e-commerce site founded in 2008 that allows the online
sale of an unlimited number of goods for a flat subscription fee of $1 per
month or $10 per year. The site collects no additional commissions or listing
fees and provides each seller with their own webstore, customized URL and an
extensive collection of online marketing tools to maximize sales.
TheSOCExchange.com also offers its online platform for careers, auto and real
estate. For more information, please visit TheSOCExchange.com.

SOURCE The SOC Exchange

Jaclyn Tyndorf of Southard Communications, +1-212-777-2220,
jaclyn@southardinc.com, for The SOC Exchange