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Technology Stocks : QXL.Com (QXLC) - euro ebay? -- Ignore unavailable to you. Want to Upgrade?

To: blankmind who wrote (68)	10/21/1999 10:24:00 AM
From: blankmind	Read Replies (1) \| Respond to of 306

more news, too bad we have all this on a down day..... October 21, 1999 QXL.com Awarded Exclusive Contract to Auction Wembley Stadium Worldwide LONDON, Oct. 21 /PRNewswire/ -- QXL.com (Nasdaq: QXLC; London: QXL), the recently listed online auctioneer, has clinched the high profile contract to auction off Wembley Stadium. The chance to own a piece of Wembley Stadium's history starts today with the launch of a pre-registration auction website at www.qxl.com. The auctions are expected to open in early 2000 and will attract significant interest around the world. QXL.com is the exclusive auctioneer and will enable the public to buy a piece of Wembley history -- from the 1948 Olympics to Live Aid in 1985 and major football moments including Euro '96 and the 1966 World Cup final. The world-famous ground, built in 1923, is to be demolished next year to make way for a new national stadium subject to planning permission. Pre-registered bidders will receive a complete inventory before it is released to the general public, updates on expected reserved prices, history of selected items and anecdotal information about the memorabilia they wish to bid for. Jim Rose, QXL.com's Chief Executive Officer, said: "I believe that this will be one of the world's most celebrated online auctions and will be QXL.com's biggest to date. It is tremendous that people around the world will have a chance to own a part of Wembley, the global icon that holds so many emotions. This auction will demonstrate that the World Wide Web is the best vehicle for auctions allowing everyone a chance to bid." Paul Fletcher, Commercial Director for Wembley National Stadium Ltd added: "There has been overwhelming public interest since the news that the 76-year old Stadium is to be auctioned off and we believe that QXL.com's auction site creates the most exciting way to maximise revenues for Wembley. Callers have expressed a desire to own everything from the Twin Towers to the taps in the players' dressing room. We are planning to use profits from the auctions to fund some of the rebuilding costs for the new stadium." QXL.com has appointed international real estate developer, Weatherall Green Smith, to assist in the auction of Wembley's plant and machinery. BDS Sponsorship, who organised this agreement with QXL.com, were appointed by Wembley in July 1999 to attract sponsors. QXL.com Background Information QXL.com is a pan-European online auction community. QXL.com simultaneously conducts consumer-to-consumer and business-to-consumer auctions in four languages and currencies. The QXL.com online auction community facilitates trading 24 hours a day, seven days a week in an efficient, convenient and entertaining environment. QXL.com enables buyers to bid on merchandise and services from across Western Europe which are sold by QXL.com, QXL.com members and merchants. QXL.com also enables sellers to locate and trade with buyers in new geographic markets. A wide selection of merchandise and services is available on our online auction community, ranging from computer software and hardware, consumer electronics, household appliances and collectibles to travel-related items and sports equipment. QXL.com provides access to the QXL.com trading community in English (www.qxl.com and www.qxl.co.uk, launched in November 1997), German (www.qxl.de, launched in October 1998), French (www.qxl.fr, launched in December 1998) and Italian (www.qxl.it, launched in June 1999). It recently listed on the London Stock Exchange and NASDAQ. This press release may contain forward-looking statements that relate to the Company's plans, objectives, estimates and goals. The Company's business is subject to numerous risks and uncertainties, including risks associated with: only having a limited operating history; regulation of auctions and the Internet; probable variability in the Company's quarterly operating results; the Company's results of operations not being indicative of future performance; significant losses being incurred as a result of expansion of the Company's business; having a new and unproven business model; dependence on growth of online consumer-to-consumer commerce market; difficulty of selling merchandise purchased for auction at a profit; inability to forecast or respond to consumer demand; risks associated with development and growth of the Company's foreign language websites; intense competition; systems and communications failures; failure to develop the Company's brand; failure to expand the Company's systems; failure to improve the Company's' computer systems; risks associated with managing internal growth and retaining and recruiting personnel; risks associated with maintaining and managing relationships with our suppliers and service providers; international expansion; online commerce security; risks associated with not developing new services, features and functions; risks associated with intellectual property rights; Year 2000 compliance issues; fraudulent activity of our members and suppliers; seasonality; and risks associated with acquisitions. These and other risks and uncertainties, which are described in more detail in the Company's Registration Statement on Form F-1 filed with the Securities and Exchange Commission, and the could cause the Company's actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. /CONTACT: Mark Terry or Matt Beavis of Band & Brown Communications, +44-171-419-7000, melanie@bbpr.com; or Sarah Marsland or Deborah Ardern-Jones, both of Financial Dynamics, +44-171-831-3113, sarah.marsland@fd.com, all for QXL.com; or Annabel Dangerfield, PR Manager of QXL.com, +44-181-962-7334, annabel.dangerfield@qxl.com/