Here is the NEWS
Attention Business Editor:
Bid.Com Begins Regularly Scheduled Live STREAMING Video AuctionS On The Internet
Auctions to Utilize Bid.Com's Patented Declining-Price (Dutch) Auction Format
TORONTO, June 1 /CNW/ -- Bid.Com International Inc. (Nasdaq: BIDS;
Toronto: BII) one of North America's leading online auction companies,
announced that tonight and this Friday night at 10:00 p.m. EST it will begin
to hold regularly scheduled live declining-price auctions. On top of the
Company's successful launch in late April and this week's live auction events,
auctions will be held every Tuesday and Thursday at 10:00 p.m. EST. Consumers
can participate in the live auctions by visiting www.bid.com.
Bid.Com, together with American Interactive Media, Inc., (OTC Bulletin
Board: AIME) is bringing consumers the Internet's only live streaming video
and audio auctions, broadcast by RealNetworks' (Nasdaq: RNWK) Real Broadcast
Network in RealAudio and RealVideo. The auctions will be hosted by live
presenters including comedians from AIME's ComedyNet, the Internet's only 24-
hour comedy channel. Combining a live presenter with RealNetworks' high
quality viewing and listening technology provides an added level of
interactivity and fun to the auction experience.
"Based on the success of our first live auction, which achieved 90% sell
through and made Internet history by incorporating live streaming audio and
video, we are moving ahead, making these live auctions regularly scheduled
events," said Jeff Lymburner, President of Bid.Com. "The declining-price
auction format, powered by Bid.Com's patented technology, demonstrated its
value by increasing the ability to sell non-computer related items such as
jewelry, collectibles and personal products, categories that also carry
superior margins to computers. Our auctions will continue to feature an
exciting array of unique merchandise at exceptional prices to the consumer."
Mr. Lymburner added, "Our e-commerce technology is proving to be a
significant competitive advantage and we continue to make technical
improvements to enhance the consumer's auction experience. Combined with the
production and interactive experience of American Interactive Media, we look
forward to developing the next generation of shopping channels and continue to
explore the potential to create programs for cable, satellite and broadcast
television."
Bid.Com, founded in 1995, is one of the Internet's leading on-line auction
sales organizations, with offices in Toronto and Tampa, Florida. The company
offers a compelling, entertaining and cost-effective method of selling a wide
array of goods and services over electronic distribution channels. Bid.Com is
strategically positioned to leverage its business-to-consumer technological
leadership by offering the pre-eminent on-line auction platform for co-
ventures into business-to-business markets, licensing custom branded E-
commerce solutions and for distribution through broadband/cable media. The
company's shares trade on the Nasdaq National Market and The Toronto Stock
Exchange.
Bid.Com notifies readers that 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. Forward-looking statements involve risks and
uncertainties including successful development and implementation of
technology, acceptance of the company's products and services, competitive
factors, news products and technological changes, and other such risks that
the company may identify and discuss from time to time, including those risks
disclosed in Bid.Com's Amended Form 20-F filed with the Securities and
Exchange Commission. Accordingly, there is no certainty that the company's
respective plans will be achieved.
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For further information: Paul Godin, Chairman and CEO,
pgodin@bid.com, Jeff Lymburner, President, jlymburner@bid.com, or Paul
Hart, Chief Financial Officer, paulhart@bid.com, all of Bid.Com
International, 905-672-7467, or Facsimile, 905-672-5705; or General Info,
Alison Ziegler, Analyst Info, Barbara Manley, or Media Info, Claudine
Cornelis, 212-661-8030, of The Financial Relations Board
/Web site: bid.com
This press release concerns more than one organization.
To view releases from one of these organizations, please select from below.
BID.COM INTERNATIONAL INC.
AMERICAN INTERACTIVE MEDIA, INC.
REALNETWORKS\'
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