One Over Spot Announces Grand Opening of Precious Metals Trading Website

CARMEL, Ind., Dec. 2, 2010 /PRNewswire/ — One Over Spot, Inc. (OOS), short for
1% over the spot price, announces its new website (www.oneoverspot.com) for
trading precious metal bullion including gold bullion, silver bullion, platinum
bullion, palladium bullion and certified coins. OOS offers a secure, online
auction platform where virtually any quantity of precious metals can be bought
and sold for a fee of only 1% of the final value — a much less expensive option
for sellers than other auction sites.

“With One Over Spot, dealers who list gold, silver and other precious metals for
sale or purchase will experience huge savings over other venues where fees are
typically 5-15%. Those savings can translate into significantly lower prices for
members looking to acquire precious metals at the lowest possible cost. This in
turn can result in a larger market share for dealers. It’s a win-win for both
buyers and sellers,” stated Robert G. Davidson, President and CEO of One Over
Spot, Inc.

OOS uses the latest technologies to offer a safe, secure and efficient trading
environment. Each member must pass multiple verifications and pre-screenings.
Each account is authorized using telephone verification, PhoneID verification
and an Address Verification System. Additionally, the Advanced Fraud Detection
Suite (AFDS) uses sophisticated logic to evaluate all transactions for
indications of fraud.

Anti-Shill technology and a comprehensive feedback section are also available
for members. Auction Rewind(TM) and Stealth Proxy(TM) are both inventions of OOS
used to prevent shill and shield bids. Penalties for shill and shield bidding
will also be enforced. The comprehensive feedback section allows members to
research potential trading partners. It contains member feedback, imported
feedback, seller ratings, dispute statistics, account status, canceled listings,
retracted bids, suspensions, policy violations and other statistics.

OOS offers soft-close auctions and multiple auction types including English
Forward and Reverse, Dutch Forward and Reverse, and Buy Now and Sell Now. There
are no limits on the value of trades.

About One Over Spot, Inc.

With over 2 years of development and personal financing, OOS uses the latest
technologies available to offer a platform similar to eBay where various
categories of bullion can be bought and sold. They offer many benefits that
similar sites do not, including the lowest fee schedule in the industry, a safe
and secure website, member verification, free membership, and unlimited trade
size and volume.

To become a member of the OOS community please visit www.oneoverspot.com.

Media Contact:
Robert Davidson
317-660-1667
Bob.Davidson@oneoverspot.com

SOURCE One Over Spot, Inc.