All, I'm surprised this hasn't been posted before now. There should be a lot of discussion about this . . .
Thursday April 6, 4:06 pm Eastern Time
Company Press Release
SOURCE: Bid.Com International Inc.
Bid.Com's chairman to step down
Paul Godin to Remain Active on Board of Directors
(Nasdaq: BIDS, TSE: BII)
TORONTO, April 6 /CNW-PRN/ - Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a leading global provider of on-line Dynamic Pricing Solutions, today announced that Paul Godin, Co-Founder and Chairman of the Board, will step down effective June 14, 2000, at Bid.Com's Annual General Meeting, at which time a successor will be named. Mr. Godin will remain involved on an active basis with Bid.Com as a Board member, but has elected to pursue his interests in the art world and other areas. He is currently and will continue to be the Chairman of the Board for The Art Vault Limited (CDNX: THB - news).
``During my tenure, I have seen Bid.Com evolve from a simple concept to a vibrant e-commerce leader enjoying both increased industry recognition and market share,' said Paul Godin, Chairman of Bid.Com International Inc. ``The Company has assembled a team of Internet, technology and marketing professionals, second to none in the industry, and will continue to be a pre-eminent global provider of dynamic pricing solutions and services to its customers and partners. I am confident the team will drive the Company to new levels of success.'
``Paul's leadership and vision has been instrumental in guiding the Company to become an international e-commerce company,' said Jeff Lymburner, Co-Founder, President and CEO of Bid.Com International Inc. ``Paul's entrepreneurial spirit will continue to be a key element of our corporate philosophy.'
About Bid.Com International Inc.:
---------------------------------
Founded in 1995, Bid.Com offers a comprehensive suite of on-line Dynamic Pricing Solutions for business-to-business and business-to-consumer markets. Bid.Com offers multiple on-line transaction methods, providing fixed price, traditional auction, real-time declining price (Dutch) auction and reverse auctions (Request for Quotation/Proposal (RFQ/RFP)) all within the same package. Thanks to award-winning modular architecture, the Bid.Com system can be integrated with virtually any business-to-business or consumer-based application. A growing number of major online players have made Bid.Com their online sales partner in sectors such as electronic media, travel, wireless communications, automotive, heavy machinery, arts and culture, and retail. Partners include GE Capital, Research In Motion, Sprint Canada, America Online, Chapters.ca, Rogers New Media, CapGemini, The Art Vault and NBCi through ValueVision Interactive.
Bid.Com has offices in Toronto, Tampa, Dublin, and Melbourne, Australia, and the company's shares trade on both the NASDAQ National Market and the Toronto Stock Exchange (NASDAQ: BIDS, TSE: BII).
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. These include, among others, statements about expectations of future revenues and cash flows. Forward-looking statements are subject to risks and uncertainties that may cause Bid.Com's (``the Company') results to differ materially from expectations. These risks include the Company's ability to further develop its business-to-business and licensing businesses, the Company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved.
To receive additional information on Bid.Com International Inc. please
visit www.bid.com
SOURCE: Bid.Com International Inc.
Dale |
