CloseOutNow.com, a privately held B2B online auction site specialising in the global distribution of excess apparel, accessories, footwear and fine jewelry, has expanded its global reach in Europe, the Far East, and Latin America, and is poised to expand into the Middle East.

In recent months the company has established a major fashion presence in Italy, Spain, Japan, Taiwan, Korea, China, and Brazil, with plans to expand its global presence in the next few weeks into the Middle East.

In Italy 25 manufacturers have signed agreements with CloseOutNow.com. In addition, 73 manufacturers in Latin American countries, 65 in China, and 242 in Korea have signed with the company as the exclusive distributor of excess inventory.

"We are pleased with the overwhelming response from manufacturers overseas," said Peter Tala, Vice President for International Alliances at CloseOutNow.com. "The company has been embraced, wherever we have visited, by an industry desperate to find answers to its excess inventory problem."

The company has also announced the launch of an "agent" program by country to source significant product. This will permit accelerated expansion of the company's global reach without building major overhead costs.

"CloseOutNow.com can be viewed as a global company," said Steven Lubinski, chairman and CEO. "We recognize that excess inventory is a major concern worldwide, and CloseOutNow.com is providing a total solution for manufacturers and wholesalers wherever they may be located around the globe."

About CloseOutNow.com
CloseOutNow.com is a privately held B2B online auction site for excess inventories of branded and non-branded fashion merchandise. Based in Manhattan's Fashion District, CloseOutNow.com offers a global solution for manufacturers, wholesalers and retailers, both in its scope of services and its geographic reach.

The company is the brainchild of fashion field notables Steven R. Lubinski, chairman and CEO, and R. Fulton Macdonald, vice chairman and chief e-commerce officer, who together bring over 70 years of fashion and retail industry experience to the venture. In addition to facilitating a global marketplace, the full-service auction provides financing and logistical support, if necessary, to its customers.