Today it's been exactly one year since we launched one of our exquisite component of the Joomla Community: Auction Factory. Back then, the whole development, including testing, took us over a year. After releasing, we continued to improve constantly the product and maintaining it at the top level. Here we would like also to express our gratitude to all the users which provided us constructive feedback. Now, after exactly one year since the official release, the Auction Factory Component has become not only the Auction Solution when it comes to Joomla, but also a real alternative to other PHP Solutions available.
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Today, as an anniversary and reason to celebrate we are launching another auction product, in order to complete our Auction Components Suite. The new Factory Extension is called:

Reverse Auction Factory

The main difference in comparison to the Auction Factory is that with the Reverse version, end-users can post their requests in order to obtain the best price for needed services or desired products. This means that they can choose the lowest price or what they consider would be the best deal for them.