Reverse auction site newly launched in Australia

[dubido]

Hello everyone! I was just wondering if anybody in this very interesting community has heard of the only reverse auction site in the world today which has just been launched in Australia last Nov. 4, 2009. Here's an excerpt of what the company's all about....

"In simple terms what DubLi pioneered is a radical invention known as a "reverse auction". It is simply an auction portal on the internet through which customers can purchase name brand products and merchandise from the best known manufacturers in the world. What's ingenious about the concept is that the more people bid on a particular item using "Credits", the lower the price becomes. This creates a fun and frenzied atmosphere where people are almost competing with each other over who can get the best deal.
The merchandise that we stock comes from a literal who's who in the manufacturing business; companies like BMW, SONY, Panasonic, Apple, Hewlett Packard, Calloway, Louis Vuitton, Gucci, Burberry, COACH, DeLonghi, Braun, Cuisinart, Wal-Mart, Target, Xbox, PlayStation, Nokia, Motorola, LG, Samsung, Toshiba, and LEGO just to mention a few. These companies are for the most part all household names and are embedded in our social consciousness. It is not necessary to convince or educate anyone about doing business with any of these companies or the products that they manufacture. In fact, how many of you have bought from one or more of these companies in the past? Often your friends are already looking for or are interested in purchasing some of these name brand products. You are just directing them to where they can purchase exactly what they are looking for a good price.

It costs nothing for a customer to register at DubLi.com and there's never an obligation to make a purchase. All the customer has to do in order to potentially take home a great deal at DubLi.com is be willing to spend 1 "Credit", worth $0.80/€0.50, in order to reveal a price that will often be a fraction of the suggested retail price. DubLi.com is actively involved in helping our business associates acquire customers. The customer is the lifeblood of our business and is the engine that generates the residual income stream. All the business associate has to do is type in a persons name and email address at their DubLi.com website, click on submit, and a professional email is on its way to their potential customer. When the customer registers, they are automatically linked to the business associate who sent them the email. The company even offers the associate the option of adding a special voucher in the email that includes some free "Credits". After the customer has registered, they can redeem the credits and use to them to bid at their DubLi.com website."

I am just starting to consider whether I should go through with this business, I would really appreciate it if I could here your objective reviews on this store before my cooling off period runs out. Personally, I think it has great potential to be the newest way to shop for certain products because their prices start from the lowest anywhere in Australia both online and in store, even when I added the shipping costs in AUD...and it even goes lower each time someone reveals the price. The best part is everyone who has the drive to treat this like a business are welcome to become a Business Associate of the store, like I am now. I would be able to earn 10-25% commission on credit sales and Business associate referrals.

Here's a link to my store www.dubli.com/433457....I hope you guys can help me, many thanks and best regards to all of your ventures.