BHITD: Looks like a good man to have aboard.
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(BSNS WIRE) Alan Gerson, President of Interactive Marketing Inc., Joins
Alan Gerson, President of Interactive Marketing Inc., Joins the Board of
Bidhit.com
Business Editors
BOTHELL, Wash.--(BUSINESS WIRE)--June 7, 1999--Bidhit.com Inc.
(OTC BB:BHITD) is pleased to announce that Mr. Alan Gerson has joined
the Board of Directors of the Company.
Mr. Gerson is an advertising attorney and has been president of
Interactive Marketing Inc. since 1997. Previously, he directed Program
Standards and Broadcast Administration for NBC for almost 19 years. He
was Executive Vice-President of Home Shopping Network, Inc., Senior
Vice-President of Ticketmaster, and President of the Marketing
Products Group for Softbank Interactive Marketing. An expert in
e-commerce, he has consulted for the world's leading media, electronic
and interactive marketing companies.
Bidhit.com is a fully developed real time online auction site.
The Company currently specializes in the auctioning of name brand
consumer electronics from manufacturers to consumers. Bidhit has been
conducting online auctions for the past 18 months and has developed a
database in excess of 100,000 registered users.
Mr. Gerson states, "The online auction sector is growing at an
astounding rate, with every indication that this trend will continue.
Like any new growth niche, there exists an opportunity for a relative
few to establish significant market share and broad-reaching brand
awareness in a relatively short period. I believe Bidhit is such a
Company. Over the last 18 months Bidhit has developed a tremendous
operational infrastructure and generated positive cash flow. With the
right strategic direction, I think that Bidhit can become one of the
segment leaders."
The Company also announced the signing of an agreement with
Interactive Marketing Inc. (IMI). IMI will help create, plan and
implement an integrated business and marketing strategy for the
Web-based online auction company. IMI will also assist in the
development of new strategic relationships, innovative sponsorships,
and e-commerce opportunities to maximize revenue and market share for
Bidhit.com.
Mr. Timothy Black, President and CEO of Bidhit.com, states, "We
are extremely pleased with the addition of IMI as one of our key
strategic partners. Their reputation for success in the e-commerce
arena is unparalleled, further, the addition of IMI's President, Mr.
Alan Gerson, to our Board of Director's is evidence of his confidence
with our current success and strategic direction."
IMI is a leading interactive marketing consulting company based
in Manhattan Beach, Calif., that has guided many well-known media,
technology and Internet companies in developing successful business
models. IMI represented YAHOO! (Nasdaq:YHOO) to create its initial
advertising and promotional strategies. More recently, IMI created the
blueprint strategy for the "Lycos Network" (Nasdaq:LCOS). IMI consults
for selected Web properties and interactive technology companies
creating unique marketing, promotional, sponsorship and e-commerce
strategies and has a proven track record in providing business
planning and development services.
IMI has developed interactive strategies for other major
organizations such as American Express (NYSE:AXP), Citibank (NYSE:C),
Barnes & Nobel.com (NYSE:BKS), Netscape, an AOL company (NYSE:AOL),
CBS Corp. (NYSE:CBS), and 24/7 Media Inc (Nasdaq:TFSM), the National
Football League and NBC, a subsidiary of General Electric (NYSE:GE).
On Behalf of the Board of Directors,
Timothy J. Black - President and CEO, Bidhit.com Inc.
For more information on Bidhit.com Inc. please visit the
corporate Web site at www.bidhit.com or contact Park Avenue Consulting
Group at 800/953-8711 or e-mail: bhit@parkcap.com. For more
information on IMI visit www.4imi.com
'Safe Harbor' statement under the Private Securities Litigation
Reform Act of 1995: This release contains forward looking statements
that are subject to risks and uncertainties, including, but not
limited to, the impact of competitive products and pricing, product
demand and market acceptance, new product development, reliance on key
strategic alliances, availability of raw materials, the regulatory
environment, fluctuations in operating results and other risks
detailed from time to time in the company's filings with the
Securities and Exchange Commission.
--30--na/da*
CONTACT: Park Avenue Consulting Group
Consultants, 800/953-8711
Email: bhit@parkcap.com
KEYWORD: WASHINGTON CALIFORNIA
INDUSTRY KEYWORD: TELECOMMUNICATIONS COMED
INTERACTIVE/MULTIMEDIA/INTERNET MANAGEMENT CHANGES
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