Article: Texas Inventor Develops Remote Bidding Auction System

ALEXANDRIA, Va., Sept. 23 -- David L. Dinwoodie of Flower Mound, Texas, has developed a method for conducting interactive auctions.

According to the abstract released by the U.S. Patent & Trademark Office: "A system for conducting interactive auctions with remote bidders is provided. The system includes an auction system operable to maintain information related to a subject of an auction and a remote bidder system in communication with the auction system. The remote bidder system is operable to communicate a bid including bid information to the auction system based on a price for the subject of the auction. The auction system uses at least a portion of the bid information to accept the ...

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