Newsletters are a dime a dozen these days. Here's another newletter I received re: BHIT. Might be time to buy back in.
Profile - BIDHIT.COM INC.
For the last two years, Bidhit (formerly Interactive Auction Online), a
real-time online Internet auction site, has been preparing for the
launch of
their fully developed public company into the dynamically expanding
online auction industry. As of June 2, 1999, Bidhit.com, Inc. is a
publicly-traded company!
Bidhit is more than an idea, it's a company that works and is for real!
It is
already one of the top ten online auction companies in America "without
advertising or promotion" and is profitable and on target for revenue
growth
of over 600% "as anticipated by the Company" in only its second year! A
few
reasons why Bidhit warrants investment consideration are (1) plan and
marketing trategy, (5) key management team, and (6) launching of a
national
advertising and promotion campaign.
Company Profile
BidHit.com, Inc. (OTC BB: BHIT) is a premiere live online Internet
auction
which retails computers and consumer electronics. Bidhit acts as a 3rd
party
for suppliers who post various items up for auction on the Bidhit.com
web
site. Combining the latest advances in Internet technology with the
excitement of a fast-paced, competitive real-time auction, Bidhit is the
new
generation of consumer shopping on the World Wide Web. Bidhit offers
outstanding products at great prices 24 hours a day, 7 days a week, 365
days
a year. A wide assortment of products are auctioned online such as TVs,
computers, stereos, camcorders, VCRs, printers, or virtually any other
consumer electronic product. As of this time, Bidhit holds no inventory,
as
the items are drop-shipped directly from the suppliers to the consumers.
The
Company is a sole proprietorship and was founded in February of 1997
under
the regulations of the State of Washington. Bidhit.com (formerly
Interactive
Auction Online), has been perfecting servers, security and
infrastructure,
supplier and customer base, delivery processes, and customer
satisfaction
procedures.
Advantages of Using Bidhit
Each month, millions of Internet users visit auction sites and bid on
over
two million items, generating sales projected by 2003 of over $71
billion
(Forrester Research). In the last two years, Bidhit.com has grown to
become
one of America's leading online auction sites that presents the user a
one-stop-shop for many computer and consumer electronic needs. This
ne-stop-shop is live and 24 hours a day, and presents the Internet's
most
competitive prices for TVs, computers and other consumer electronic
products.
Currently, Bidhit conducts two auctions per week.
Bidhit has retained the services of Interactive Marketing, Inc. (IMI),
one of
the most successful integrated marketing and consulting companies, to
maximize the potential of their clients revenue opportunities and to
extend
their business models and market share through the use of interactive
media
and technologies. IMI's clients are some of the most high-profile
corporations in America today. IMI's business relations with major Web
sites
like Yahoo (NASDAQ: YHOO) and Netscape (NASDAQ: NSCO), which are
billion-dollar success stories, have positioned IMI at the forefront of
interective media. IMI is dedicated in providing their clients with a
broad
range of interactive marketing and strategic consulting services, and
with a
full range of turnkey marketing and promotional services customized to
meet
specific client promotional goals and
marketing objectives. Major clients include CBS, NBC, ESPN, Coca-Cola,
Microsoft, Walt Disney, Lycos, Paramount and Warner Bros.
Conclusion
Bidhit is already a profitable company and has grown to become one of
America's leading premiere live online Internet auction sites, which
retails
computers and consumer electronics. As the number of Internet users and
customers continue to grow dramatically each month, millions of Internet
users will visit auction sites and bid on millions of items. This
translates
into the potential of continuing profitability and tremendous growth for
the
Company. Other key factors mark Bidhit as an outstanding investment
opportunity, which are: (1) significant revenue growth potential, (2)
solid
company fundamentals, (3) direct business plan and marketing strategy,
(4)
key management team, and (5) launching of a national advertising and
promotion campaign. These remarkable factors combined with the fact that
the
Company is already profitable and positioned in an explosive industry
poised
for future growth lead us to believe in the exciting potential this
company
offers to investors.
Considering that Bidhit is a new public trading company that lacks a
trading
history, technical analysis can not be performed. Therefore, short- and
long-term share price projections have to be estimated solely based on
the
Company's ability to achieve its full potential of revenue growth and
projected future earnings. If the Company achieves its projected growth,
then
it is our belief that Bidhit's short-term (three months) target price
has the
potential of reaching $10 (~ 100% higher than today's prices), and a
conservative long-term (6 months to 1 year) target price of $15 (~ 200%
higher).
Contact Info.
Bidhit.com, Inc.
204-18702 North Creek Pkwy
Bothel, Washington 98011
bidhit.com
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