I know most on this thread have given up, but it doesn't sound as if the company has. Today's news release . . .
Wednesday May 10, 10:27 am Eastern Time
Company Press Release
SOURCE: Bid.Com International Inc.
Bid.Com adds to growing roster of clients
Enables businesses to sell direct to customers through e-commerce
(Nasdaq: BIDS, TSE: BII)
TORONTO, May 10 /CNW-PRN/ - Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a global provider of dynamic pricing solutions, today announced that it has entered into service agreements with a number of retailers, wholesalers, distributors and manufacturers. The Advantage Computers Co., netjewels.com, The National Shopping Club, and others, have agreed to launch e-commerce initiatives using Bid.Com's award-winning technology to sell surplus inventory, such as computers and peripherals, jewelry, home electronics, and sports collectible products. The agreements are expected to generate recurring revenues for Bid.Com through ongoing hosting fees and a percentage share of transaction revenues.
``We were impressed by Bid.Com's versatile dynamic pricing solutions and flexible technology,'' said Kevin Kelly, president Advantage Computers Co. ``We look forward to Bid.Com powering our ecommerce success.''
``By increasing the reach of potential buyers and reducing our transaction costs, online auctions provide a compelling method to sell surplus assets. We wanted to ensure the success of our first effort by partnering with a proven, experienced organization such as Bid.Com,'' said Dan Berkovitz, CEO, netjewels.com.
Bid.Com will host various auctions on an ongoing basis to help its clients sell new and clearance products from across multiple categories.
``Bid.Com is quickly becoming the partner of choice for businesses that want to introduce multiple sales methodologies to their e-commerce initiatives,'' said Jeff Lymburner, President and CEO of Bid.Com International Inc. ``Collectively, our new clients sell more than $1 billion annually in off-line activities, and we are confident that our dynamic pricing technology will allow them to expand these successes into the online environment.''
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 online 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, Rogers New Media, CapGemini, ValueVision International Inc., and The Art Vault.
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, cash flows, and cash requirements. 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.
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Any comments,
Dale |
