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IBC Features Special Report on Internet Auction Stocks
Business Wire - March 05, 1999 17:15
IRVINE, Calif.--(BUSINESS WIRE)--March 5, 1999--IBC Friday announced that it will include weekly updates on Internet auction stocks in its free IBC Stock Line Newsletter which is currently available at ibchannel.com.
intermost.com (OTC BB: IMOT), a premier Chinese Web Portal, announced the completion of its Chinese language search engine to harness the online buying power of China's 1.2 billion people. With Chinese Internet access doubling in the past year and China's government embracing E-commerce, the Intermost search engine puts the company and its Web site, chinaecom.com in a position to dominate the enormous online product reference market and become the "Yahoo of China." In negotiations are an Amazon.com-type (NASDAQ:AMZN) Chinese joint venture and an eBay-type auction site for wholesale and retail sales in China. (http://www.ibchannel.com/emerging/imot.shtml.)
wareforce.com (OTC BB: WFRC) recently announced that the company has signed a letter of intent to umember.com, an online auction sale company. Wareforce.com is an authorized provider for leading manufacturers including Microsoft (NASDAQ:MSFT), Compaq (NASDAQ:CPQ), Hewlett-Packard (NYSE:HWP), IBM (NYSE:IBM) and Apple (NASDAQ:APPL). The site plans to provide consumer electronic products and appliances and travel and insurance services. The company expects prices to be competitive with those of uBid (NASDAQ:UBID), Onsale (NASDAQ:ONSL) and other online suppliers. (http://www.ibchannel.com/emerging/wfrc.shtml.)
Wcollect.com (OTC BB:WCLT) the world's premier Web site for collectors of fine arts and entertainment memorabilia reported recently that the introduction of the company's Web site hosting both the "Auction" and "Art Gallery" has been a resounding success.
Bhauction.com (OTC BB:BLTD) announced it has joined the 2nd Annual Nationwide Celebrity Invitational Golf Tournament presented by Universal Studios Florida, Sea World and Busch Gardens on March 22, to host an online auction of items and activities donated by leading celebrities from the world of sports. The auction and golf tournament benefit the Missing Children Center Inc. in Winter Springs, Fla.
Bidnow.com Inc., originators of the TV/Web auction business (OTC BB:BIDN) today announced a strategic advertising campaign that will appear on Infoseek's GO Network (NASDAQ:SEEK) commences April 1, 1999.
Sales On Line Direct Inc. (OTC BB:PAID): Buyers can browse for items, which are topically arranged and bid for through a fully automated, exciting, and easy to use online service. The Auction Inc. division is in competition with other Internet companies such as eBay Inc. (NASDAQ: EBAY), uBid Inc. (NASDAQ: UBID), Onsale Inc. (NASDAQ: ONSL), Excite Auction (NASDAQ: XCIT), and Yahoo Auction (NASDAQ:YHOO).
IRT Industries Inc. (OTC BB:IRTG) recently signed a Letter of Intent to acquire award-winning Thinkbid.com Inc., a leading online Internet person-to-person auction Web site. Thinkbid.com is significantly different than other online auction sites because it charges a nominal fee only after an item is sold.
Sharper Image Corp. (NASDAQ:SHRP) reported February sales which were even with last year at $12.2 million, with significant increase in gross margin. SHRP is encouraged by the launch of its Internet auction site which has far exceeded expectations in both the number of bidders and orders.
R-Way Corp. (OTC BB:GCCT) recently announced that as an established Internet Service Provider and marketing organization in the United States and Canada with over 15,000+ representatives (www.rway.net), it is launching its long-awaited Internet shopping mall and online classified advertising and auction.
Auto Network Group Inc. (OTC BB:ANWK) announced recently it will begin to convert all of its automotive wholesaling business to become Internet-based. As a result of the move, AutoTradeCenter.com will be an automotive e-commerce site with annualized revenue in excess of $100 million. The site is currently being expanded to facilitate online automotive auctions utilizing an auction environment similar to retail auction sites such as eBay and uBid.
Site2shop.com Inc. (OTC BB:EBUY) announced today that it has reached an agreement with CyberQuest Inc., a wholly owned subsidiary of CBQ Inc. (OTC BB:CBQI), to allow site2shop.com to feature products on the bid4it Internet site.
Maxnet Inc. (OTC BB:MXNT) announced that it has purchased Thunderstone's Texis Server NT RDBMS software as the backbone for MXNT's Auction Portal.
Elcom International Inc. (NASDAQ: ELCO) announced that its Internet sales site became "live". Elcom.com's Internet sales site will be expanded later in March to include product auctioning capabilities and during the second quarter of this year, will offer office supplies and subsequently, other products.
Section 17B Disclosure: IBC has been paid $5,000 monthly plus 30,000 options by Wareforce and 40,000 shares by Intermost to advertise each company. For additional legal disclosure, visit ibchannel.com.
CONTACT: IBC, Irvine
Matthew Marcus, 949/442-8919
Matt@ibchannel.com
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