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

To: GoNorth who wrote (35911)	10/20/1999 11:07:00 PM
From: F. Evans	Read Replies (1) \| Respond to of 37507

Here's today's news release for those who missed it..... newswire.ca Bid.Com and Xerox Sign an Agreement to Market Xerox Certified Pre-Owned Business Copiers Savings of Up to 80% Off the Original Retail Price Available on www.bid.com Website TORONTO, Oct. 20 /CNW/ -- Bid.Com International Inc. (Nasdaq: BIDS, Toronto: BII), one of North America's leading online auction companies, today announced that it has signed an agreement with Xerox Corporation (NYSE: XRX) to market Xerox certified pre-owned business copiers on its website. "We are pleased to add Xerox to our growing list of product suppliers," commented Jeff Lymburner, President and CEO of Bid.Com International Inc. "This agreement with Xerox will add yet another quality product line to our U.S. website and offers our customers an excellent choice when they are in the market for a copier. Regardless of our customers' applications, they will find a wide selection of the most popular Xerox copier models in our selection of certified pre-owned equipment." To ensure that only the best pre-owned Xerox equipment is selected for reconditioning, Xerox first looks carefully at factors such as age, service history and cosmetic condition. Any machine that does not meet stringent ISO 9002 standards is eliminated from the program. Once selected, each unit undergoes an extensive reconditioning process. From replacing parts to upgrading software, the units are brought up to Xerox quality and performance standards, the same standards that have earned Xerox two Malcolm Baldrige Quality Awards -- one for manufacturing and the other for service. After reconditioning, each unit is thoroughly inspected and tested. Only those units that measure up to Xerox's rigorous standards are certified for this program. This certification is the customer's assurance that reconditioned equipment meets or exceeds Xerox factory specifications. Machines that pass this battery of tests are fully covered by the benchmark Xerox Total Satisfaction Guarantee. "Our ability to display, sell and deliver such world class brands over the Internet demonstrates the strength of our technology and the ease with which it can be implemented," added Mr. Lymburner. "This agreement with Xerox further underscores our focus on a bottom line driven model through strategic alliances and partnerships, as well as providing innovative e-commerce solutions for our clients." About Bid.Com International Inc. Bid.Com, founded in 1995, is one of e-commerce's leading online auction sales organizations, with offices in Toronto, Ontario, 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 NBC through ValueVision Interactive, 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. These include, among others, statements about expectations of future revenues, cash flows and capital requirements. Forward-looking statements are subject to risks and uncertainties that may cause the Company's results to differ materially from expectations. These risks include the Company's ability to further develop its business-to-business and licensing businesses, the Company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved. To receive additional information on Bid.Com International Inc. please visit www.bid.com or via fax, at no charge, from the U.S. dial 1-800-PRO-INFO or from Canada dial 201-432-0955 and enter code BIDS. Frank