Friday July 23, 8:32 am Eastern Time
Company Press Release
SOURCE: Bid.Com International Inc.
Bid.Com International Announces Strategic Alliance With Microworkz.Com
TORONTO, July 23 /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS, TSE: BII), one of North America's leading online auction companies, today announced a strategic alliance with Microworkz.com. As the exclusive auction partner for Microworkz' iToaster, Bid.Com will provide iToaster users instant access to the Company's wide array of exciting products through its top-bid and declining-price (Dutch) auction formats.
''We are pleased that Microworkz.com has chosen Bid.Com as its exclusive auction provider for iToaster,'' stated Jeffrey Lymburner, President. ''Microworkz.com has partnered with 16 major e-commerce and internet companies, including The GoNetwork, Autobytel.com, CareerPath.com, eToys.com, NetGrocer.com, 1travel.com, OnHealth.com, PCFlowers.com, TheStreet.com and USABanc.com for its iToaster product launch. Icons offering instant access to some of the best information and services available on the Internet appear on the navigation screen of iToaster and are linked to the partner sites, placing Bid.Com in excellent company.''
Founded in 1991, Microworkz.com has evolved from an independent software vendor to the leading manufacturer of the world's lowest priced computers. Microworkz.com employs a ''just in time'' production strategy that keeps overhead at a minimum and employs a direct sales approach based on high-volume and low-cost.
Bid.Com, founded in 1995, is one of e-commerce's leading online auction sales organizations, with offices in Toronto, Tampa, Florida and Dublin, Ireland. 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 into business-to-business markets, licensing custom branded e-commerce solutions and for distribution through broadband/cable media. In addition to strategic alliances with America Online and Rogers New Media, the Company has recently announced an alliance with SCS Solars offering discounted travel products to the growing business-to-business market and a joint venture with Point2 Internet Systems providing e-commerce technology and online auction capabilities for the used heavy equipment market. The company's shares trade on both the Nasdaq National Market and the Toronto Stock Exchange.
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal securities laws. Forward-looking statements involve risks and uncertainties including successful development and implementation of technology, acceptance of Bid.Com's products and services, competitive factors, new products and technological changes, and other such risks as Bid.Com may identify and discuss from time to time, including those risks disclosed in Bid.Com's amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that Bid.Com's plans will be achieved.
To receive additional information on Bid.Com International Inc. via fax, at no charge, dial 1-800-PRO-INFO and enter code BIDS. Bid.Com is a registered trademark of Bid.Com International Inc.
SOURCE: Bid.Com International Inc. |