Hey Sports fans, real NEWS!
(COMTEX) B: Authentic Sports Memorabilia Now Available on Bidhit.com; Online Auction
site creates new product category with alliance partner Leisure Time Industries
BOTHELL, Wash., Jul 12, 1999 (BUSINESS WIRE via COMTEX) --
Bidhit.com(OTCBulletin Board:BHIT) Bidhit.com Inc. (OTC BB:BHIT), a
growing online auction company, today announced the addition of
exclusive sports memorabilia to its product offering.
This new auction category will launch on the www.bidhit.com site this
Thursday July 15th at 3:30 pm (PST). Bidhit customers will now be able
to bid for and purchase unique, collectable sports merchandise
unavailable anywhere else on the Internet.
The company has joined forces with Leisure Time Industries, one of the
finest purveyors of sports memorabilia in the industry. Through this
strategic relationship the two companies will create, support and
expand the offering for high profile, high demand sports memorabilia.
Bidhit's strategy is to provide only authentic, signed memorabilia at
fair market prices to its growing customer base.
"The popularity of sports memorabilia and the power of our online
auction site fit well together", said Bidhit President and CEO Timothy
Black. "The alliance with Leisure Time enables us to offer a new
category of merchandise that online consumers are demanding. I believe
that this is just the beginning of a series of strategic relationships
that we'll develop to expand Bidhit.com beyond our current core
offering of consumer electronic goods."
This week's launch will include much sought after collectors items from
a who's-who of the sports world. Authentic, personally signed gear from
sports greats like Muhammad Ali, Tiger Woods, Ken Griffey Jr., Sammy
Sosa, Joe Montana and John Elway will be among the first items on the
auction block. Leisure Time Industries has been involved in the sports
and celebrity memorabilia industry since the mid 1980's.
Under the direction of company founder and President, Howard Raphan,
Leisure Time has established excellent working relationships with some
of the largest dealers and private signing promoters in the industry.
Leisure Time Industries follows a strict code of ethics and guarantees
the authenticity of its merchandise. The company has amassed an
extensive library of thousands of exemplars and had their authenticity
verified by respected autograph resources including George Sanders,
Mark Allen Baker and Tuff Stuff.
In addition, Leisure Time uses several independent forensic
authentication services such as Authentic Autographs Unlimited (AAU),
J. DiMaggio and Company and Sports and Celebrity Autograph
Authentication (S.C.A.A.). Leisure Time is a member of both the
Universal Autograph Collectors Club (UACC) and the International
Autograph Collectors Club (IACC).
"As an avid sports memorabilia collector myself, the opportunity of
acquiring these items over the Internet is very appealing", said Mr.
Raphan. "I look forward to working closely with bidhit.com on this new
initiative. Together, we're proud to be offering authentic collectable
items, at fair prices, to casual andsophisticated collectors alike."
About Bidhit.com
Bidhit.com is a fully developed, profitable, real time online auction
company with a customer database of over 100,000 registered users. The
company is focused on providing quality brand name consumer goods to
distinct and growing customer segments. Bidhit.com has achieved rapid
growth by building a solid operational infrastructure and is now
leveraging this success to become one of the leading online auction
brands on the Internet.
About the Online Auction Segment
According to Forrester Research, 52 percent of online business is
expected to be transacted via auctions by 2002, (Reported in Business
2.0, June 1999). The success of online auction sites such as eBay,Inc.
(NASDAQ:EBAY), uBid,Inc. (NASDAQ:UBID), Onsale Inc. (NASDAQ:ONSL) and
Bid.Com International (NASDAQ:BIDS), has been well documented. Bidhit
will be focused on growing its online auction presence in attracting
and sharing the enormous audience for online auctions.
On Behalf of the Board of Directors, Timothy J. Black, President and
CEO Bidhit.com
'Safe Harbor' statement under the Private Securities Litigation Reform
Act of 1995: This release contains forward looking statements that are
subject to risks and uncertainties, including, but not limited to, the
impact of competitive products and pricing, product demand and market
acceptance, new product development, reliance on key strategic
alliances, availability of raw materials, the regulatory environment,
fluctuations in operating results and other risks detailed from time to
time in the company's filings with the Securities and Exchange
Commission.
Copyright (C) 1999 Business Wire. All rights reserved.
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CONTACT: Park Avenue Capital Corp.
Timothy J. Black, 800/953-8711
Website: www.bidhit.com
Email: bhit@parkcap.com
WEB PAGE: businesswire.com
GEOGRAPHY: WASHINGTON
INDUSTRY CODE: TELECOMMUNICATIONS
INTERACTIVE/MULTIMEDIA/INTERNET
SPORTS
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