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BID.COM and SCS Solars Establish Strategic Alliance for Online Travel Product Marketing
VANCOUVER, CANADA (June 25, 1999) ? SCS Solars Computing Systems Ltd. announced today that the company has entered into a strategic alliance with one of North America?s leading online auction companies, Bid.Com International Inc. (Nasdaq: BIDS, TSE: BII).
This new online alliance creates an exciting opportunity to achieve a global scale in the growing market of travel products; including discounted airline tickets, cruises, packaged holidays and destination resorts. A newly-formed and wholly owned subsidiary of SCS Solars will allow travel product providers to offer travel agents these discount travel products; and the licensed online auction technology of Bid.Com will serve to host and enable these transactions.
Frank Wells, Chairman of SCS Solars stated "Bid.Com and its auction technology offers a new and innovative benefit to the travel consolidation industry. Through our linking of travel agents with the supply of travel-related products from around the world, we will be able to add value to the service we provide to the travel industry".
"We are excited to add travel products as an important element of our growing roster of strategic alliances," said Paul Godin, Bid.Com?s Chairman. "Establishing a strong position in the travel market has been a strategic objective for the Company for some time, and our new alliance with Solars will support them in becoming a leader in providing discounted travel and vacation products."
Mr. Godin added, "The travel industry is extremely well suited to the auction format, and to Bid.Com?s patented declining price dutch auction process. In particular, perishable and surplus inventory, such as unsold airline seats or vacation packages will generate positive returns through our auction process."
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.
SCS Solars Computing Systems Inc. through its SOLARNET Travel Network 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 and ticket booking. SCS Solars Computing Systems Inc. is a public company, trading on the Vancouver Stock Exchange under the symbol SCS.
Frank Wells,
Chairman
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