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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: lostmymoney who wrote (12823)	1/19/1999 11:00:00 AM
From: Ditchdigger	Respond to of 29382

news for Bid.com BII.to quote.yahoo.com Tuesday January 19, 9:33 am Eastern Time FULL TEXT-Bid.Com in shopping channel deal (Full text of press release from Canadian Corporate News) JANUARY 19, 1999 Bid.Com And American Interactive Media Creating Shopping Channels Of The Future TORONTO, ONTARIO--Bid.Com International Inc., one of North America's leading online auctions, today announced a joint venture with New York-based American Interactive Media Inc. (OTC-BB Symbol: AIME) to create the next generation of shopping channels based on Bid.Com's award-winning online auction technology. To create the joint venture, Bid.Com is licensing its online auction technology to American Interactive Media (AIM). ''This license agreement brings together Bid.Com's auction technologies, including declining price (Dutch) auction capabilities with AIM's strong creative and marketing expertise in entertaining commercial content. This agreement opens up an exciting breadth of new product offerings and growth opportunities, and should accelerate new distribution for Bid.Com's auction technology in both North America and internationally,'' said Paul Godin, Chairman and Chief Executive Officer of Bid.Com. ''The licensing of Bid.Com's technology beyond the Web,'' Mr. Godin continued, ''is a major step in realizing our vision of multi-media exploitation of our technology. We are pursuing pioneering opportunities in broadband, set-top box/Web TV, and network television, in addition to leading-edge improvements in the consumer experience offered through narrowband.'' Mark Graff, President and Chief Executive Officer of American Interactive Media, said "We envision celebrities hosting live auctions using the two-way capabilities of next-generation set-top boxes. We are creating the shopping channel of the future where interactivity, viewer participation, and fun are added to the TV shopping experience. In the near term, we see mass market appeal in Dutch Auction game shows for television that will create the excitement for this form of commerce and the Bid.Com brand to 90+ million households in the U.S. We intend to launch a customized branded version of Bid.Com's Dutch Auction, as well as use its technology to enable our online affinity group content with e-commerce opportunities. Our pre-selling of the concept to networks already has begun, and our international marketing efforts should generate interest and excitement on a global basis." American Interactive Media is a publicly owned company whose shares are quoted on the Bulletin Board. AIM is dedicated to the creation of a wide range of programming and services incorporating video and audio information through a rich interactive environment designed specifically for the Internet, digital cable, and other distribution platforms. Its aim is to build a pod of 10 digital networks to be launched on the Web with plans of migrating to all digital platforms. AIM's successful first network, ComedyNet, has already been receiving enthusiastic responses from both the industry and the consumer market. ComedyNet (http://www.comedynet.com), a 24- hour, cutting-edge comedy network launched on the Internet has won the Humor Indies' Three Star Salute award, the SAV award from Audio Visual Daily News for the top streaming audio/video comedy site, the Best of the Planet Award, and the Top 100 Websearchers Award. The network features live and video-on-demand performances by comedic performers from top comedy clubs across America. In association with AIM's entertainment industry partners, networks currently in development include: ''Crimebeat'' in association with Grosso-Jacobson Productions; ''Pop City,'' a network to be co-produced with the pop culture expert - dick clark productions; and ''Romanceland,'' co-produced with Alan and Susan Wagner's Boardwalk Entertainment. Other original niche programming with leading producers and distributors will soon be announced. Bid.Com, founded in 1995, has offices in Toronto and Tampa Florida, and is one of the Internet's leading online 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. The company has established a number of strategic alliances which include America Online Inc. and Rogers Media Inc. 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. The company's shares have traded on The Toronto Stock Exchange since February 1998. 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 the company's products and services, competitive factors, news products and technological changes, and other such risks as the company may identify and discuss from time to time. Accordingly, there is no certainty that the company's plans will be achieved. FOR FURTHER INFORMATION PLEASE CONTACT: Bid.Com International Inc. Paul Godin Chairman and CEO (905) 672-7467, ext. 226 E-mail: pgodinbid.com or American Interactive Media Inc. Mark Graff President and CEO (212) 539-0700 E-mail: infoaime-inc.com More Quotes and News: Toronto:BII.TO - news Related News Categories: US Market News ;^)DD