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Bid.Com International Announces Strategic Alliance With Microworkz.Com
TORONTO, July 23 /CNW/ - Bid.Com International Inc. (Nasdaq: BIDS, TSE:
BII), one of North America's leading online auction companies, today announced
a strategic alliance with Microworkz.com. As the exclusive auction partner for
Microworkz' iToaster, Bid.Com will provide iToaster users instant access to
the Company's wide array of exciting products through its top-bid and
declining-price (Dutch) auction formats.
''We are pleased that Microworkz.com has chosen Bid.Com as its exclusive
auction provider for iToaster,'' stated Jeffrey Lymburner, President.
''Microworkz.com has partnered with 16 major e-commerce and internet
companies, including The GoNetwork, Autobytel.com, CareerPath.com, e.com,
NetGrocer.com, 1travel.com, OnHealth.com, PCFlowers.com, TheStreet.com and
USABanc.com for its iToaster product launch. Icons offering instant access to
some of the best information and services available on the Internet appear on
the navigation screen of iToaster and are linked to the partner sites, placing
Bid.Com in excellent company.''
Founded in 1991, Microworkz.com has evolved from an independent software
vendor to the leading manufacturer of the world's lowest priced computers.
Microworkz.com employs a ''just in time'' production strategy that keeps
overhead at a minimum and employs a direct sales approach based on high-volume
and low-cost.
Bid.Com, founded in 1995, is one of e-commerce's leading online auction
sales organizations, with offices in Toronto, Tampa, Florida and Dublin,
Ireland. 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. In addition to strategic alliances with America Online
and Rogers New Media, the Company has recently announced an alliance with SCS
Solars offering discounted travel products to the growing business-to-business
market and a joint venture with Point2 Internet Systems providing e-commerce
technology and online auction capabilities for the used heavy equipment
market. The company's shares trade on both the Nasdaq National Market and the
Toronto Stock Exchange.
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
Bid.Com's products and services, competitive factors, new products and
technological changes, and other such risks as Bid.Com 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 Bid.Com's plans will be achieved.
To receive additional information on Bid.Com International Inc. via fax,
at no charge, dial 1-800-PRO-INFO and enter code BIDS. Bid.Com is a registered
trademark of Bid.Com International Inc.
/Web site: bid.com /
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For further information: Gregory Bewsh, Vice President, Investor
Relations, Bid.Com International, (905) 672-7467, ext. 322, or fax,
(905) 672-9928, e-mail, InvestorRelations@bid.com; or general, Alison
Ziegler, or analyst, Barbara Manley, or media, Claudine Cornelis, of The
Financial Relations Board (212) 661-8030 |
