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

To: mike machi who wrote (7611)	1/28/1999 9:27:00 AM
From: Ginco	Respond to of 37507

Bid.Com President Announces Expansion Plans in a Bold Move to Challenge eBay's Online Auction Leadership Also Discusses Ireland and TV Shopping Channel in StockHouse.Com Interview TAMPA, Fla., Jan. 28 /PRNewswire/ -- In a StockHouse.Com interview, Jeff Lymburner, president of Bid.Com (Toronto: BII - news), revealed the upstart Tampa online auction company (ranked #4 worldwide among online auction websites) plans to outdo its primary competition (eBay and Onsale) with a launch into the European Internet community and an Internet version of the Home Shopping Network. Lymburner named Dublin, Ireland for their European headquarters and said, ''I think that will be our first foray into international business outside of North America, and that could easily extend to such far-flung places as Australia.'' He also disclosed the online auction company is gradually moving away from their core business and intends to launch a TV-style online shopping network on the Internet in the coming months. ''Our arrangement with (American Interactive Media) puts us in a very exciting position of being offered as content, for what is going to be a very broad array of broadband distribution of opportunities.'' When asked if Bid.Com hoped to emerge as the ''Home Shopping Network'' of the Internet, Lymburner answered, ''Yes, we're talking about fully interactive television utilizing our auction infrastructure.'' StockHouse also discovered that Bid.Com may be moving away from the less profitable aspects of the online auction business, where Onsale, Surplus Auction and eBay have staked large, but less profitable positions. Lymburner stated, ''The online auction format will continue to grow in a fairly significant way, but there are other elements of the business that are growing at least as fast or faster.'' He hinted at the company's new direction, ''Licensing has become a very attractive opportunity for us. Margins are extremely high.'' According to the latest ranking of www.100HOT.COM/auction/, Bid.Com ranked in fourth place behind eBay, Onsale and Surplus Auction. StockHouse Media Corporation is an Internet financial media information service company providing breaking news about North American stocks via their Internet publication, StockHouse.com. With nearly one-half million visitors per month, StockHouse has emerged as a leading, online, global financial content provider. StockHouse.com is the #1 Canadian financial website, where an estimated 10% of Canadian online investors conduct investment research. StockHouse maintains offices in Vancouver and Toronto, Canada, with additional offices in the United States and Australia. StockHouse has no financial relationship with Bid.Com. For further information contact: StockHouse Media Corporation Media Relations PH#: (941)377-7337 FAX: (941)377-4656