To: reg who wrote (920 ) 11/16/1998 3:03:00 PM From: waldo Respond to of 37507
<Picture> Bid.Com International Inc.<Picture>11/16/98 - Bid.Com and Rogers New Media Launch Co Designed Online Quick Quote: T.BII<Picture>1.920 (+0.180)> Go to BII Forum > Search SH Database for more <Picture>All NYSE and AMEX data delayed 20 minutes All other exchanges delayed 15 minutes <Picture>BID.COM INTERNATIONAL INC ("BII-T") ROGERS COMMUNICATIONS INC ("RCI.A,RCI.B-TMVY;RCIAF,RCIBF-L;RG-DNQX") - Bid.Com and Rogers New Media Launch Co-Designed Online - Auction Site For Canadian Consumers Bid.Com International Inc. and Rogers New Media launched their co-designed online auction site. By logging on to www.bid.com Canadians will experience an authentic auction event, finding great bargains on new products such as computers, sports equipment, gifts and vacation packages. "The World Wide Web has hundreds of auctions and the online auction market is booming with the current value at $5.2 billion (US$)," says Paul Godin, co-founder, Chairman and C.E.O of Bid.Com International Inc. "However, Canadians are at a disadvantage because these are American sites and do not accept Canadian currency and returns, or extend warranties beyond the U.S border. Bid.Com offers consumers brand name goods direct from the manufacturer in Canadian dollars with Canadian warranties at below-retail prices with dedicated Canadian customer service." Canadians can join the auction by logging on to www.bid.com and choose from a wide range of brand name merchandise such as Intel(TM) personal computers, Vanderbilt(TM) purses, Sony(TM) Walkmans and travel packages from Virgin Holidays. Once the item is selected, the consumer submits his or her bids via a fully secured online form or by calling 1-888-287-7467 toll free. Net users can also bid through Bid Buddy(TM), which automates the bidding process by entering bids on a customer's behalf and Search Buddy(TM) a technology tool which conducts a seven-day search for products as specified by the customer. During the auction, consumers set their own prices and those with the highest bids at the close of the auctions, get the goods. Bid.Com arranges for delivery of merchandise within 14 days after the close of the auction. The Web site also features special events and auction cycles rotate three times a week, so users should check the site for new deals on a regular basis. Online auctions provide a fun and interesting way to shop. In Canada, online shopping is on the rise, with 36% of Canadian Web users making purchases over the Internet last year, up from 20% in 1996 (A.C. Nielsen). Most online auctions use an interface which simulates a catalogue but Bid.Com is designed to recreate the excitement of a real live auction by putting the bidder directly into an auction room. Bid.Com also uses proprietary technology which allows them to run a number of different auctions and auction formats simultaneously while serving many concurrent customers. The Canadian auction follows a very successful U.S. version of Bid.Com introduced in April 1996. The Canadian online auction is part of a marketing services agreement valued at $6 million with Rogers New Media, a division of Rogers Media Inc. This agreement combines Bid.Com's leading-edge and award-winning auction platform with Rogers' national media properties, forming what will become the dominant online auction in Canada. About Bid.Com International Bid.Com International, Inc. (formerly known as Internet Liquidators International Inc.) was founded in 1995 and listed on The Toronto Stock Exchange in February 1998. With offices in Toronto, Ontario and Tampa, Florida, it is one of the Internet's leading online auction sales organizations. The company offers a compelling, entertaining, and cost-effective method of selling a wide array of goods and services over electronic distribution channels. In addition to its strategic alliances with America Online, The Toronto Star Newspapers Limited, and Rogers Media Inc., the company enjoys distribution agreements with Yahoo!, Netscape, Metacrawler, and more recently with ComputerShopper.com, a Ziff-Davis property. Bid.Com is strategically positioned to leverage its technological leadership by offering the pre-eminent online auction platform for license to business-to-business markets and for distribution through broadband/cable media. About Rogers Communications Inc. Rogers Communications Inc. is Canada's national communications company engaged in cellular and Digital PCS communications through its 81% owned subsidiary Rogers Cantel Mobile Communications Inc., in cable television, high-speed Internet access and video retailing through its wholly-owned subsidiary Rogers Cablesystems Limited, and in radio and television broadcasting, publishing and new media businesses through its wholly owned subsidiary Rogers Media Inc. TEL: (416) 340-7731 Katya Gitlin, Public Relations Manager FAX: (416) 340-6541 E-Mail: katya@bid.com WEBSITE: www.bid.com