e-trader specialises in the clearance and overstock sector by offering retailers and manufacturers access to both trade and consumer market places.

November 2009  Press Release for Immediate Attention

MMC Ventures makes investment of £1.2 million in e-trader group
MMC Ventures Limited (MMC) announced today that it has made a £1.2m equity investment in e-trader group Limited (e-trader).

e-trader specialises in the clearance and overstock sector by offering retailers and manufacturers access to both the trade and consumer markets via one single easy-to-use online platform. MMC’s investment enabled e-trader to complete its acquisition of koodos.com which adds a designer brand fashion clearance channel to the group’s already successful business, stockshifters.com, the UK’s leading online trade marketplace.

Ben Richardson, Investment Director for MMC commented: "MMC saw the opportunity to back a proven entrepreneur and help him develop a business with a new proposition in a large and fragmented market. The management team has impressed us with their progress and we are pleased to support them in their next phase of growth, including their acquisition of koodos.com."

Notes for editors

About e-trader group:

e-trader’s primary business, stockshifters.com, is already the UK’s leading online trade marketplace for retailers and manufacturers to sell bulk secondary stock (clearance and overstock) direct to trade buyers. Trade buyers range from small independent traders, typically reselling via online and physical market stalls, through to large distributors and wholesale businesses. e-trader provides an independent marketplace and does not hold stock or provide fulfilment.

e-trader recently acquired koodos.com. Launched in 2006 and based in London, koodos.com is one of the UK’s leading fashion e-tailers offering designer brands at discounted prices. Koodos.com guarantees that every product it sells is 100% authentic.

For more information: www.stockshifters.com and www.koodos.com