On November 10, 2000,  EURBID.COM,  INC. (the "Company") acquired  approximately
81% of the issued and  outstanding  capital stock of Junum.com,  Inc.  ("Junum")
pursuant to a Stock Exchange Agreement,  dated November 15, 2000, by and between
the Company,  David B. Coulter and certain  shareholders of Junum.com,  Inc., in
exchange  for  10,990,000  shares of common stock of the Company  (after  giving
effect  to the 1 for  40  reverse  stock  split  described  in  Item  5  below).
Accordingly,  David B. Coulter, the controlling shareholder of Junum, was issued
7,950,000 shares of the Company's post  reverse-split  common stock, and thereby
controls approximately 72% of the common stock of the Company.

The  Company  has been  informed  by Mr.  Coulter  that he has sole  voting  and
investment power regarding his ownership of the common stock of the Company. Mr.
Coulter  secured the Common Stock of the Company  with his  personal  assets and
funds without borrowing and without the pledge of his securities to Company.

Junum is a membership based credit  management and financial  services  company.
Since inception,  Junum has acquired  aproximately 10,000 gross members based on
membership fees of $21.95 per month. Junum maintains a web site at

Concurrently with the acquisition of the majority interest in Junum, the members
of the Company's  board of directors  resigned,  and a new board was  appointed,
consisting  of David B.  Coulter,  Andreea  Porcelli  and Richard  Toubman.  The
company's  officers  are David B.  Coulter as CEO,  Craig  Hewitt as CFO,  Tyler
Aldous as COO and Scott Rader as CTO.