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Toronto, Ontario - January 7, 2020

EBlock and Auction Edge Announce Strategic Partnership, Helping Power Independent Auctions into the Future

EBlock announces a strategic partnership and exclusive integration with Auction Edge that will provide brick and mortar auctions with technology to compete in the dealer-to-dealer auction space.

• The partnership will begin with the McConkey Auction Group in the Pacific Northwest in January of 2020, followed by an expansion of the program to other Auction Edge customers nationwide.
• The technology powering the partnership is made possible by an exclusive integration between EBlock and Auction Edge.

"Independent auctions are scrappy and very competitive by nature," Dan Diedrich, CEO of Auction Edge, said. "Integrating Auction Edge with EBlock’s platform gives those auctions proven means to facilitate and expedite digital transactions. It empowers their success via the absolute best online dealer-to-dealer platform."

The EBlock/Auction Edge integration—the first of its kind in the U.S.—will provide McConkey Auction Group (MAG) clients with a state-of-the-art dealer to dealer auction platform (called MAG Now) that complements the buying and selling experience that dealers would expect when attending an auction. Run lists, set auction times, virtual lanes, and units transacting in 60 seconds are just a few reasons why EBlock is growing at 100% YOY in Canada and has now sold over $1 billion worth of vehicles in the D2D space.

 

“We are selling 5,000 dealer-to-dealer vehicles per month with EBlock in Canada, so when the time came to expand to the U.S., partnering with Auction Edge and piloting with the McConkey Auction Group was the obvious choice,” says Jason McClenahan, CEO of EBlock. “The team at Auction Edge has done an outstanding job building a consolidated buyer base of 50,000 buyers at over 200 auction facilities. Likewise, MAG’s auctions have set an incredibly high bar; the independent auctions have been searching for a better tool than what’s out there, and we firmly believe that through this partnership, we’re bringing them that tool.”

“We’ve always been early adopters, but that doesn’t mean we rush into using a technology for technology’s sake,” says Bob McConkey, President and CEO of MAG and Board Chairman of Auction Edge. “The partnership between EBlock and Auction Edge is the culmination of a lot of research, finding a lot of common ground, and 20 years’ efforts in providing digital solutions for our customers.”

That common ground is what’s at the heart of this new partnership. In addition to McConkey’s unparalleled experience in the industry, both McClenahan and EBlock founder Ryan O’Connor are seasoned auction pros.

“Meeting Bob for the first time it was like wow, this guy really gets it. Even though we were on different sides of the table, we both saw the future of the auction business in identical ways,” said O’Connor. “EBlock was designed with the brick-and mortar experience in mind, and having Bob McConkey validate everything we’ve built is extremely gratifying. Empowering and partnering with physical auctions across the U.S. is a big pivot from disrupting them like we have in Canada. However, when you look at the synergies between EBlock/Edge and the brick-and-mortar footprint across the U.S., anyone who knows this space clearly understands why this partnership makes so much sense.”

Besides enhancing the physical auction experience, EBlock gets brick-and-mortar auctions up and running competitively in the dealer-to-dealer auction space without the infrastructure issues that have plagued other virtual auction providers. The impact of these capabilities will now be expanded by the partnership with MAG and the integration with Auction Edge.

The partnership’s first MAG Now-specific auction event will take place on January 28, with an expansion to independent auctions in the U.S. happening throughout 2020.

About EBlock
EBlock is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one.

About McConkey Auction Group
Independently owned McConkey Auction Group (MAG) is the Pacific Northwest’s leading wholesale vehicle remarketing company.

About Auction Edge
Auction Edge is the premier remarketing technology provider to independent auto auctions across the United States, providing platforms and marketplaces for dealers to operate efficiently, dominate locally, compete nationally, and expand their reach globally.


Toronto, Ontario - December 20, 2019

EBlock and EDealer Name Jason McClenahan Chief Executive Officer

TORONTO, ONTARIO: On the heels of a third consecutive year of triple-digit growth in the Canadian market, EBlock and EDealer announce changes to their leadership team, designed to expand the companies' footprint while continuing to deliver the ultimate online auction and marketing experiences for clients.

• CEO and Founder Ryan O’Connor to step into new Chief Innovation Officer role
• COO and President Jason McClenahan promoted to CEO

"From the moment we joined forces over three years ago, I knew Jason had what it took to help us realize our full potential. His influence on our business has been outsized; from refining our customer experience to steering us through our latest successful capital raise, together with his unmatched understanding of the auction business, has been critical to our success,” said EBlock founder Ryan O’Connor. “The timing is perfect for this. With Jason as CEO, I’ll be able toredouble my focus on delivering an amazing customer experience, which is where my passion’s been since starting EDealer back in 2004."

Before making the switch to EBlock, Jason spent 16 years in the brick-and-mortar auction business, which shaped his understanding of how technology could complement a marketplace that was foundational to the industry’s success, yet ripe for innovation. His work in the Canadian and US markets, together with hand's-on experience at all levels of the brick-and-mortar and digital auction spaces, makes him uniquely capable of leading EBlock in its mission to bring the auction industry into the future.

"When Ryan and I first started working together our visions could not have been more aligned. We come from a world centered around buying and selling cars. We both took a technology-first approach towards improving efficiencies that separate the EBlock experience from everyone else in the space," said Jason McClenahan. "While others have been able to mask inefficiencies with cash, our focus has been on solving real problems with technology. Many people in this space now want to talk about trust and transparency. For me, those are just staples; they’ve always been part of my DNA. These are the main reasons why we've been able to succeed, andmy vision for the future of the auction industry is crystal clear. I am thrilled to be a part of shaping the industry that I know and love.

"During Jason's tenure as President and COO of EBlock, the company and its sister brand, EDealer, have attained massive, sustained growth and success, with headcount growing 65% inthe past year, active clients on EDealer hitting an all-time high, and both brands transitioning over onto a shared technology platform. This period has also seen EDealer become the Canadian auto industry’s number one web solutions provider.

In addition to taking on CIO duties, O’Connor will also become a managing partner. He and McClenahan are joined on the leadership team by CTO Dmitry Vodiansky, whose team is responsible for EDealer's and EBlock's revolutionary platform, along with VP of Finance, Andy Bohlin. Together, they are committed to continuing the company’s methodical approach to growth—for EBlock as well as the clients and industry they serve.

"Though so much has happened with automotive auctions, we're still very early in the game. More change is on the horizon...change that will continue to improve the business—and the experience of doing business—for buyers and sellers alike," said McClenahan. "And we plan on staying at the forefront of that change."

EBlock is a leader in the wholesale automotive market, providing sellers and buyers with a streamlined platform that combines the energy and immediacy of a physical auction together with the convenience and efficiency of a digital one.

EDealer is the premier provider of dealership marketing technology in Canada, providing merchandising automation and vehicle optimization solutions that help dealers reach the maximum number of customers with consistent, accurate, merchandised inventory in the minimum amount of time.

Media Contact:Kate Kovaleva, Marketing Manager | Kate.Kovaleva@EDealer.ca | (437) 229-4276


Burlington, Vermont - January 17, 2019

EBlock to Launch Online Auction in the US

EBlock, the fastest growing online auction in Canada, today announced that they are open for business in the United States. EBlock has grown exponentially in Canada by establishing valuable relationships with a number of dealers who want to save time and money remarketing their wholesale units. The company's growth has been driven by its unique value proposition that centers around simulating the real auction environment with live lanes, set auction times and run lists that are available pre-auction.

EBlock is launching its US operations out of the head office in Burlington, VT which has been a hotbed for Automotive technology innovation in the last decade, most recently Dealer.com.  Beginning in the Northeast, the company will grow strategically by servicing both buyers and consignors in concentrated markets through feet on the street and inside sales and support.

Leading EBlock's expansion across North America is a 17-year auction-industry veteran, Jason McClenahan, who joined the team as President and COO with previous experience at ADESA Canada and TradeREV US. "When I joined EBlock in 2017, the auction business was already being disrupted by technology," he said. "After seeing everything in market, EBlock stood out as the platform that clearly understood what dealers want in an online auction."

The company is offering lucrative incentives for dealers who come on board early, coupled with a large presence at this year's NADA convention in San Francisco.

"Our dealers see the hammer drop on over 200 units per hour and they are incredibly pleased with the results they are experiencing using our technology," said Ryan O'Connor, EBlock's CEO. "Launching in the US around the NADA convention makes perfect sense for us."

The company has an aggressive hiring plan slated for 2019 which includes sales and operations personnel. They are looking forward to making connections with dealers and auction professionals who will be attending the NADA show and visiting their booth #7745W.

EBlock, based in Burlington Vermont, is a true online auction where cars are bought and sold in 60 seconds. The company is committed to helping dealers save time and money by buying and selling wholesale inventory in the most efficient ways possible.