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.

Technology Stocks : VVTV - "Home Shopping Network" of the Internet -- Ignore unavailable to you. Want to Upgrade?

To: HEXonX who wrote (333)	9/21/1999 8:30:00 AM
From: KS	Read Replies (1) \| Respond to of 350

September 21, 1999 08:16 Bid.Com to Provide Online Auction Services to ValueVision Interactive Relationship Enhances Newly Realized Television/Internet Convergence TORONTO and MINNEAPOLIS, Sept. 21 /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS; Toronto: BII), one of North America's leading online auction companies, today entered into an exclusive three-year technology services and licensing agreement with ValueVision Interactive Inc. (VVI), the wholly owned e-commerce subsidiary of ValueVision International, Inc. (Nasdaq: VVTV). Under the terms of the agreement, Bid.Com will provide a complete e-commerce solution for VVI's "Dutch Auction" component of ValueVision Interactive's recently announced "Snap TV" brand. Bid.Com will also be a partner in several future projects involving television and Internet convergence. In return for VVI's use of Bid.Com's "Dutch Auction" technology in the U.S., Bid.Com will receive undisclosed fees and percentages of future revenues. The two companies will also jointly develop consumer applications for personalized marketing software using advanced collaborative filtering technologies. On September 15, 1999, ValueVision International Inc., and NBC Internet (NBCi), to be formed, subject to shareholder and regulatory approval, as a result of the proposed merger of Snap.com, XOOM.com (Nasdaq: XMCM) and several Internet assets of NBC, announced strategic commerce initiatives under the brands SnapTV and SnapTV.com. Under the terms of the agreement, ValueVision's home shopping cable television network will be re-branded SnapTV and ValueVision Interactive's companion SnapTV.com Internet shopping service will be launched together with a wide-ranging direct e-commerce strategy. newsalert.com