Firm Was Asked by the Online Auctioneer to Join Forces in Helping Eliminate Counterfeit Sports and Memorabilia Items Up For Bidding
IRVINE, Calif.--(BUSINESS WIRE)--Ault Glazer & Co., Inc. (Pink Sheets:AULT - News) announced today that Global Authentication Holdings, Inc., (GAI) a wholly owned subsidiary, has launched advanced image optimization hosting for eBay users which will add another layer of security to the buyers and sellers of sports cards and other memorabilia. The move follows a need to help facilitate improvements to the security and reliability of the authentication process. The technology allows the capturing of an image of any authenticated item inside the San Clemente based company’s Global database. The information can then be used on any Internet auction format where the image of the authenticated item is uploaded keeping the integrity of the finished product. Global Authentication Holdings is one of three companies partnered with the online marketplace leader eBay to assure buyers that they are purchasing authenticated collectibles and memorabilia
CEO and President Bill Dully said the move will “make bidding for collectibles online a safer experience.” Dully further explained, “By having the image kept intact on our database, it will instill the highest level of confidence in the buyer that the item is in fact genuine and that Global’s certificates, which come affixed to the hard case, have not been tampered with.”
Many of the online auctioneers had expressed interest in additional security features, and the result was today’s announcement. Auctioneers recently approached the management team at Global Authentication Holdings about working together to find solutions to common problems with respect to online security for its customers who find hard-to-locate and one-of-a-kind memorabilia to purchase through internet purchasing platforms.
Mike Baker, Director or Grading and Authentication at Global (GAI), said, “This new technology we are rolling out is one-of-a-kind and will instill additional confidence in our customers who buy and sell their items online each year.” Baker added, “It was eBay who challenged the authentication industry with the problem at hand; we at Global Authentication Holdings just happened to respond first with a solution that works for everyone.”
About Ault Glazer & Co., Inc.
Ault Glazer & Co., Inc. (www.aultglazer.com), a holding company, which through its wholly owned subsidiaries and minority interests, is engaged in a number of diverse business activities, which include: merchant banking; corporate lending; shareholder activism; Internet sales and marketing; real estate; healthcare; energy; consumer products & services; insurance and media. It has plans to change its name to Global Sports and Entertainment, Inc. and plans on divesting its assets that are not sports and entertainment related in the coming weeks.
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