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Baazee, eBay & eBay Foundation to donate Rs. 1.25 crore to the Prime Minister's National Relief Fund
Mumbai, January 6, 2005
Baazee.com- an eBay company, eBay and the eBay Foundation announced a joint contribution to the Prime Minister's National Relief Fund of Rs. 1.25 crore (approximately $300,000) towards the tsunami relief operations in India. These funds, which represent a month's fees of Baazee.com plus contributions from its parent company eBay and the eBay Foundation, were generated in response to the magnitude of the disaster.
"All of us have been deeply saddened by this tragedy and our thoughts and prayers are with the victims and their families, stated Deepa Thomas, Company Spokesperson, Baazee.com. "In addition to our donation, we are also offering our online marketplace as a place where Indians can make their own contributions towards the relief and rehabilitation of people affected by this disaster."
Additionally, Baazee is also going to support the CRY Tsunami Relief Fund by involving its more than 1 million strong community of users in a fund raising drive from January 6 - 20, 2005. The fund raising drive will involve CRY Child Art Wallpaper being sold on the site against fixed donation slabs from Rs. 100 - Rs. 5,000. All proceeds will go to the relief efforts, and donors will be acknowledged in the specially created CRY - Baazee Valued Contributors page.
Baazee will make a matching contribution to CRY equaling the money donated by its users through this effort. The special fund raising drive will run unto January 20, 2005 and the total amount raised will be contributed to the Prime Minister's Relief Fund & the CRY Tsunami Relief Fund immediately thereafter.
Baazee is also offering its platform to leading Bollywood producers to come forward and auction movie costumes and merchandise to raise money for the CRY Tsunami Relief Fund. Vashu Bhagnani has already agreed to donate 10 costumes for the cause and more producers are expected to join in shortly.
Please log on to http://www.baazee.com/static/pages/TsunamiReliefFund.html to donate generously to this cause.
In addition, both Baazee and eBay are offering links to major humanitarian organizations and charities for those visitors who wish to give directly the charities themselves. eBay has set up a special page for this purpose at www.ebay.com/tsunamirelief.
PayPal, eBay's payment service, is encouraging millions of users to donate directly to UNICEF's Tsunami Relief Effort with their PayPal accounts. Till date, this effort has raised more than $ 600,000. Log on to http://donations.paypal.com/
About Baazee:
Baazee.com, India's leading online marketplace, is a 100% subsidiary of eBay.com, the World's online marketplace. Today, Baazee.com is India's biggest online trading community on the Internet where anyone can sell or buy almost anything. Baazee is a trading platform offering auctions, quick buy and classifieds modes of person-to-person trading. Baazee.com has a wide range of products listed on its site spread over 1500 categories including Art & Antiques, Apparel, Bollywood, Books, & magazines, Cars & Bikes, Computers, Home and Personal Loans, Electronics, Cameras & Optics, Movies, Music, Health & Beauty, Gifts, Home, Jewellery, Mobile Phones, Real Estate, Toys & Baby Products, Travel etc.
About eBay.com
Founded in September 1995, eBay (Nasdaq: EBAY) is The World's Online Marketplace® for the sale of goods and services by a diverse community of individuals and small businesses. Today, the eBay community includes more than a hundred million registered members from around the world. People spend more time on eBay than any other online site, making it the most popular shopping destination on the Internet.
People from all over the world buy and sell on eBay. Currently, eBay has local sites that serve Australia, Austria, Belgium, Canada, China, France, Germany, Hong Kong, India, Ireland, Italy, the Netherlands, New Zealand, the Philippines, Singapore, Spain, Sweden, Switzerland, Taiwan, the United Kingdom, and the United States. In addition, eBay has a presence in South Korea and Latin America through its investments in Internet Auction and MercadoLibre.com, respectively.
About eBay Foundation
Established in 1998, eBay Foundation was the first-ever charitable entity created with a contribution of pre-IPO stock. eBay Foundation, a CFSV supporting foundation, serves as the primary vehicle through which eBay contributes to community organizations. For more information about eBay Foundation, please visit www.ebay.com/foundation.
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