YouNeverLose.com, an auction website for prepaid gift cards, announced that players can win AT&T (News - Alert) prepaid cellular cards at 90 percent off the retail cost.

Being a first in the wireless service industry, YouNeverLose.com is authorized to offer AT&T prepaid cards. Customers can get these cards by playing in penny auctions for goodies such as 90 percent-off gift cards to national retailers like Walmart, Starbucks, and Apple.

YouNeverLose.com is expected to offer Boost Mobile, T-Mobile and Verizon (News - Alert) Wireless cards, in addition to the AT&T ones, and they can also be won for pennies in the auctions. Small businesses and families will greatly benefit from these telecom products offered as budgeted services, said officials.

In a release, YouNeverLose.com Co-Founder Barry Shore said, “AT&T is the leader in telecommunications worldwide, and we are honored to partner with them and offer their prepaid cards.”

“It is YNL’s mission to provide the best in class products and services as gift cards to our customers. AT&T is the first of many in-budget products and services for families and small businesses we will be offering,” Shore added.

Although YouNeverLose.com follows a penny auction process, it features several positive aspects. Usually in penny auctions, multiple players incrementally purchase bids for something which has been put up for sale; consumers will bid for the item, and the price of the item rises from zero by one cent until the time expires. Whoever bids last wins the item for the final price listed, and all others who placed bets lose their money.

In case of YNL, bidders who do not win the item on sale will get to receive a built-in incentive for every dollar they spent in buying points while playing in the auctions. Users can choose a prepaid gift card of equal value which is shipped to them for free. This prompts consumers and small businesses to try bidding again – an incentive to not feel so bad for losing.

“Consumers spend hours sifting through daily deal sites searching for 50 percent off deals they don't even care about. With YNL you are essentially being handed cash, especially when you win Visa and MasterCard (News - Alert) gift cards, to spend at your favorite retailers for having fun and spending merely minutes playing on YNL. We’re so ecstatic to now offer users the chance to win gift cards on services they need like getting their phone bills paid for. We are revolutionizing the auction industry,” emphasized Shore.

Want to learn more about the latest in communications and technology? Then be sure to attend ITEXPO West 2012, taking place Oct. 2-5, in Austin, TX. ITEXPO (News - Alert) offers an educational program to help corporate decision makers select the right IP-based voice, video, fax and unified communications solutions to improve their operations. It's also where service providers learn how to profitably roll out the services their subscribers are clamoring for – and where resellers can learn about new growth opportunities. For more information on registering for ITEXPO click here.

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