Texas, August 25, 2011- SnipKit, an online auction company is glad to announce about the launch of its feature rich online auction website. It has just announced about its most awaited launch which will serve the whole class interested in penny auction. The site focuses on penny auction and so, it is thoroughly created considering the needs of penny auctioneers. “We are very excited launching this portal which is built targeting the penny auctioneers. We have been working on this since quite long and our efforts have turned out as a groundbreaking portal. Our extensive knowledge of penny auction enables us to offer a great experience to the auctioneers.”- Said the Owner of the Company. In penny auction, participants pay a non-refundable fee to purchase bids. Bidding on an auction raises the cost of the item by a fixed amount and typically also extends the deadline of the auction. The winning bidder is the bidder whoever is the last to bid when the timer counts down to 0 seconds. Generally different penny auction websites have different rules for their sites. SnipKit believes in offering an unforgettable auction experience to its users. It offers all brand new, factory sealed products which come with the manufacturer’s warranty. The auction can be anywhere from 15 seconds to 4 minutes long where with every bid the new countdown begins. All the standard auctions at SnipKit start at $0 and increase by a penny with each bid. Once registered, you can use all the features of the online auction site. You can place a bid by clicking the BID NOW button. The portal of SnipKit is easy to use which can be operated by even a person with the minimal technology know-how. Contact us at support@snipkit.com to know more or visit www.snipkit.com to have the most amazing penny auction experience.