San Jose, California, March 18, 2008 – Launching amidst strong market trends in social networks, one company has developed a strategy to incorporate social networking, philanthropy, and e-commerce. YasfA, Inc. is an online auction site that has created a patent pending system to reward users for referring their contacts.

Members of the site earn referral income from the purchase and sale activities of their invited friends. Participants accrue revenues from their referrals in a “holding bucket,” which the company retains for them indefinitely.

The charitable aspects of the site operate on the notion that the bucket is found money and therefore participants will be more inclined to donate some of it. Hence, when selecting to cash out their bucket, users have the option of contributing some or all of their disbursement to one of a number of charities listed on YasfA’s site.

“When I created YasfA, I envisioned an online community where people would find unique items to sell for charity,” said Chau Nguyen, CEO and Founder. “I want the participants of the site to feel a sense of ownership. They are making profits and helping good causes at the same time!”

“YasfA’s business model was developed to help smaller charity organizations and groups raise funds,” continues Ms. Nguyen. “The site gives them access and resources that are normally restricted to the larger players.” Just like individual users, organizations and charities can register with YasfA. They can then invite members and begin to earn their own referral revenue.

Listing merchandise for sale is simple and sellers can customize their listings with multimedia links from popular sites on the web. Bidders can select multiple items to bid on simultaneously and the shopping cart interface insures no accidental bidding on unwanted items. At present, YasfA does not charge listing fees. Access to www.yasfa.com is currently by invitation.

For additional information on the news that is the subject of this release, contact press@yasfa.com or visit www.yasfa.com.

About YasfA, Inc.:
Based in San Jose, California, YasfA was founded in 2005 and is a privately held company. YasfA is developing a community based e-commerce site that fosters philanthropy.

Contact:
press@yasfa.com
Yasfa, Inc.
http://www.yasfa.com


###

Press Contact Information

Yasfa, Inc.
press@yasfa.com

Source URL: http://www.yasfa.com

Who Read this Press Release