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By: MissDucky
Reply To: None
Wednesday, 12 May 1999 at 3:04 PM EDT
Post # of 960
Check it out!!! Here is the news on the joint venture between ININ and UBUY!
International Internet Introduces
Second Auction Site for UpforBids.com
BOCA RATON, Fla.--(BUSINESS WIRE)--May 12, 1999--International
Internet, Inc. (OTC BB:ININ) announced Wednesday that its second
auction site, UpforBids.com is set to begin operations in July, 1999.
The site will initially offer a person-to-person trading platform
that offers sellers a vehicle for listing their own items up for bid.
Items will be arranged for browsing by topic and buyers will bid
through an automated, easy to use online service. Unlike most auction
sites which are difficult to use, UpforBids.com will be designed to be
extremely user friendly.
The new subsidiary will be a joint venture between International
Internet and AuctionAnything.com, Inc. (OTC BB:UBUY). The new site
will be located at upforbids.com. A test sample of the site
is available for viewing at www.stogiesonline.com/html/upforbids.htm.
UpforBids.com will be in direct competition with other leading
online Internet auction sites such as ebay (Nasdaq:EBAY), Go2net's
Haggleonline (Nasdaq:GNET), globe auctions theGlobe.com
(Nasdaq:TGLO), Excite auctions (Nasdaq:XCIT), Yahoo auctions
(Nasdaq:YHOO), Amazon Auctions (Nasdaq:AMZN), Sales On Line Direct
(OTC:PAID), and ubid, Inc. (Nasdaq:UBID).
The company previously announced their first joint venture site
with AuctionAnything, www.stogiesauction.com, on April 15, 1999.
AuctionAnything is to deliver this site on May 30, 1999.
International Internet, Inc. develops and operates Internet and
direct retail marketing companies as well as venture funds focused on
the Internet. The company's development strategy promotes
opportunities for synergistic business relationships among the
Internet companies within its portfolio. This portfolio includes
majority-owned subsidiaries: StogiesOnline.com, Inc.
(www.stogiesonline.com), Webhumidor.com, Inc. (www.webhumidor.com),
GoldOnline.com, Inc. (www.goldonline.com) and Mr. Cigar, Inc. which
operates a line of fully automated vending humidors. International
Internet also directly holds a minority investment in Wowstores.com,
Inc. (OTC BB:WOWS) (www.wowstores.com), an online shopping directory.
Forward looking statements in this release are made pursuant to
the Safe Harbor provisions of the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are subject to certain
risks and uncertainties and actual results could differ from those
discussed.
This material was prepared and disseminated by The Hawke Group,
Inc. ("Hawke") for the company discussed herein, based upon company
supplied information or other sources believed to be reliable. The
information is not guaranteed by Hawke for accuracy or to be all
inclusive. This material is information only and is not an offer or
solicitation to buy or sell the securities. Hawke, its affiliates,
and/or its officers, directors and employees may from time to time
have a position in these securities. The Hawke Group has been
compensated by the company.
--30--lhs/mi*
CONTACT: The Hawke Group, Inc., Boca Raton
Scott Phillips, 954/564-7114
Fax: 954/564-9848
Visit our website at www.hawkegroup.com.
Today's News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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