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Bid.Com International and SCS Solars
Establish Strategic Alliance For Online
Travel Business-to-Business Market
TORONTO, June 25 /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS - news;
Toronto: BII - news), one of North America's leading online auction companies, today announced
that it has entered into a strategic alliance with SCS Solars Computing Systems Inc. (Vancouver:
SCS - news), a leading developer and marketer of online travel information. This online alliance
creates an exciting opportunity to achieve global scale in the growing business-to-business
market of discounted airline tickets, cruises, destination resorts and packaged holidays.
A newly formed and wholly owned subsidiary of SCS Solars has licensed the online auction
technology of Bid.Com, which will allow travel consolidators to offer travel agents these
discount travel products. Bid.Com will both host and enable these transactions.
''We are excited to add Solars to our growing roster of strategic alliances,'' said Paul Godin,
Bid.Com's Chairman. ''The travel market is extremely well suited to the auction format and
establishing a strong position here has been a strategic objective for the Company. Through our
alliance, we look forward to supporting Solars in their efforts to become a leader in the
provision of discounted travel and vacation products.''
Frank Wells, Chairman of SCS Solars commented, ''Through the license of Bid.Com's auction
technology, we are able to offer a new and innovative benefit to the travel consolidations
industry. Our ability to link travel agents with the supply of travel-related products from around
the world adds real value to the services we provide. We look forward to continuing to work
with Bid.Com in turning perishable and surplus inventory, such as unsold airline seats or
vacation packages, into positive returns for our customers.''
Founded in 1995, Bid.Com is one of the Internet's leading online auction sales and marketing
organizations, with offices in Toronto and Tampa, Florida. The company offers a compelling,
entertaining and cost-effective method of selling a wide array of goods and services over
electronic distribution channels. Bid.Com is strategically positioned to leverage its
business-to-consumer technological leadership by offering the pre-eminent online auction
platform for co-ventures in business-to-business markets; for the licensing of custom branded
e-commerce solutions; and for distribution through broadband/cable media. The company's
shares trade on both the Nasdaq National Market and the Toronto Stock Exchange.
Through its SOLARNET Travel Network, SCS Solars Computing Systems Inc. improves the
productivity and profitability of travel vendors and travel retailers worldwide by developing and
delivering Internet and Intranet GDS/CRS on-line travel information. SCS Solars Computing
Systems Inc. is a public company, trading on the Vancouver Stock Exchange under the symbol
SCS.
SOURCE: Bid.Com International Inc. |
