Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Bid.com International (BIDS) -- Ignore unavailable to you. Want to Upgrade?

To: zwing_88 who wrote (32112)	6/7/1999 10:15:00 PM
From: waldo	Respond to of 37507

Dow Jones covers BIDS AGM TORONTO (Dow Jones)--Internet auction company Bid.Com International Inc. (BIDS) chairman and chief executive Paul Godin said gaining U.S. analyst coverage of his company is "number one" on his priority list in 1999. Speaking at the company's annual meeting, the executive said he's visiting many U.S. analysts this week. The company listed on Nasdaq earlier this year and at least two Canadian analysts have published reports on the stock so far. Godin said the company has 118,000 registered users of its Internet site and he expects 200,000 by the end of the year. He reiterated that the company is comfortable with expectations of C$50 million in revenue in 1999. Another company executive said the company expects to be cash-flow-positive in the fourth quarter and profitable in 2000. The company is focusing on building its business-to-business auction operations and its auction technology licensing business. It's opening an office in Ireland and is working on opening an office in Australia. Godin said he hopes to announce a deal with a European partner in Europe in the fall. The annual meeting was heavily attended and attracted an unusually large mix of retail investors, compared with most other annual meetings in Toronto. On a colorful and unconventional note, there was a long line at the meeting to have model Kate Steen autograph posters of the ads she did for the company. The posters depict Steen, apparently naked, but hidden by a laptop computer. The ads carry the slogan "Shop Naked." -Scott Adams; 416-306-2026; scott.adams@dowjones.ca (END) DOW JONES NEWS 06-07-99 w