ZEUS, here it is
biz.yahoo.com
FULL TEXT-Bid.Com in
24/7 deal
(Full text of press release from Canadian
Corporate News)
JANUARY 26, 1999
Bid.Com Forms Strategic Alliance With 24/7 Media, Inc.
TORONTO, ONTARIO--Bid.Com International Inc., one of North
America's leading online auctions, today announced that it has reached an
agreement with 24/7 Media, Inc. (NASDAQ: TFSM), a global online
advertising and direct marketing company, under which 24/7 will sell
advertising on Bid.Com's website.
''Bid.Com successfully tested advertising on its site in 1998,'' stated Jeff
Lymburner, President of Bid.Com.
''Consistent with our strategy of creating diverse revenue streams, we are
now implementing, in partnership with 24/7 Media, Inc., a full-scale
advertising program. We believe that 24/7, a leading player in the growing
e-commerce industry, is an excellent partner for this venture.''
''We believe Bid.Com's large and growing audience is attractive to
advertisers and agencies across the online world,'' said Mark Burchill, Senior
Vice President, Business Development, 24/7 Media, Inc. ''We look forward
to sharing both advertising and sponsorship opportunities in the coming
months.''
Reaching half of all online users in the U.S., 24/7 Media, Inc. provides
Internet advertising sales and representation as well as online direct marketing
solutions to advertisers and Web publishers. The company operates globally
several online advertising networks: The 24/7 Network, comprising more than
125 name-brand Web sites organized into high-demand content channels; The
ContentZone, a network of more than 2,500 small to medium sites; the 24/7
Media Europe Network; and, through a joint venture with China.com
Corporation, the 24/7 Media Asia Network. In addition, the company owns
and operates 24/7 Profilz, an online co-op database of Web user profiles,
employed with 24/7's Adfinity adserving system, which is designed to deliver
targeted ads based on demographic profiles.
24/7 Media, Inc. is a is publicly traded on NASDAQ under the symbol
TFSM.
Bid.Com, founded in 1995, has offices in Toronto and Tampa, Florida, and is
one of the Internet's leading online sales organizations. The company offers a
compelling, entertaining, and cost-effective method of selling a wide array of
goods and services over electronic distribution channels. The company has
established a number of strategic alliances which include America Online Inc.
and Rogers Media Inc. Bid.Com is strategically positioned to leverage its
technological leadership by offering the pre-eminent online auction platform for
license to business-to-business markets and for distribution through
broadband/cable media. The company's shares have traded on The Toronto
Stock Exchange since February 1998.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bid.Com International Inc.
Paul Godin
Chairman and CEO
(905) 672-7467, ext. 226
pgodinbid.com
or
Bid.Com International Inc.
Jeff Lymburner
President
(888)750-7467
jlymburnerbid.com
www.bid.com
or
24/7 Media, Inc.
Leslie Howard
Corporate Communications
(212) 231-710
Regards,
TOPSTOCK |
