Re the Dow Jones News Wire report that BII gets patent for Dutch Auction
Old Info From Edgar:
>>The Company's performance and ability to compete are dependent to a significant degree on its proprietary technology. The Company relies on a combination of copyright, trademark, trade secret and patent laws, as well as confidentiality agreements and technical measures, to establish and protect its proprietary rights. The Company's proprietary software is protected by copyright laws. The source code for the Company's proprietary software is also protected as a trade secret. The Company has patent applications pending in the United
States and Canada seeking patent protection for the process whereby the Company conducts declining price, or Dutch, auctions over electronic distribution
channels. BID.COM, BID.COM THE ONLINE AUCTION, INTERNET LIQUIDATORS, ILUSA, $BUCK A MONTH CLUB, CLUB.RADD, ONLINE OUTLET MALL, ONLINE AUCTION, BID BUDDY,
SEARCH BUDDY AND EXPERIENCE ENGINE are trademarks or tradenames of the Company, most of which are the subject of pending applications for registration in either or both of the United States and Canada, and one of which is registered in Canada.<<
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