To: SirVinny who wrote (32239 ) 6/9/1999 10:42:00 AM From: waldo Read Replies (2) | Respond to of 37507
Wednesday June 9, 10:18 am Eastern Time Company Press Release SOURCE: Bid.Com International Inc. Bid.Com International Announces Management Transition TORONTO, June 9 /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS, Toronto: BII), one of North America's leading online auction companies, announced that as part of an orderly transition of leadership, Jeffrey Lymburner has been named Chief Executive Officer effective August 1, 1999. Mr. Lymburner will succeed Paul Godin, who will remain Chairman of the Board. In making the announcement, Mr. Godin said, ''I continue to be fully comitted to Bid.Com and its continued growth. By focusing on my responsibilities as chairman, I will have more time to work on strategic planning and building domestic and international alliances which will be critical to Bid.Com's expansion.'' ''The Board of Directors and I are extremely pleased to be able to recognize Jeff for his dedication and hard work, which has been a major factor in building Bid.Com,'' said Mr. Godin. ''This is the natural evolutionary process as our management team grows and we believe our Company will benefit from Jeff's continue leadership.'' Jeffrey Lymburner is a founding shareholder of Bid.Com and has served as President of the Company since August 1998, Executive Vice President from September 1995 until August 1998 and as a Director, Secretary and Treasurer since September 1995. Mr. Lymburner is also President of the Company's subsidiary, Internet Liquidators USA Inc. From 1990 to 1995, Mr. Lymburner was President of Completely Mobile Inc., a leading wireless communications distributor, and prior to that, he served in various management positions with a Canadian consumer electronics retail chain. Bid.Com, founded in 1995, is one of the Internet's leading online auction sales organizations, with offices in Toronto and Tampa, Fla. 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 online 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 both the Nasdaq National Market and the Toronto Stock Exchange. To receive additional information on Bid.Com International Inc. via fax, at no charge, dial 1-800-PRO-INFO and enter code BIDS. biz.yahoo.com W