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To: Don Pueblo who wrote (72)1/31/1999 1:45:00 PM
From: Marc Fortier  Read Replies (1) | Respond to of 525
 
Why don't you have a look at Bid.com? This Canadian company manages the fourth most popular auction site, according to 100hot.com. Check at this url:

100hot.com

The stock is now trading at $7.10 CDN on the Toronto Stock Exchange under the symbol BII.

Management has reiterated last week his intention to enlist on the NASDAQ ASAP. They also have concluded important deals in the past few weeks to expand their business model. Expansion in Europe - in Ireland to be more specific - should be achieved in the next few quarters. Moreover, the company intends to become profitable in 1999, with anticipated revenues of over $50 millions CDN.

New products will be available on their sites (American and Canadian) in a very short while. Jewellery (and maybe perfumes) will be on auction before Valentin's day.

MF

Here is the last press release of Bid.com:

Thursday January 28, 1:05 pm Eastern Time
Company Press Release
Bid.Com To Sell Jewelry On Auction Site
TORONTO--(BUSINESS WIRE)--Jan. 28, 1999--Bid.Com International (TSE:BII. - news) Bid.Com International Inc., one of North America's leading online auctions, today announced that it has reached an agreement with D.G. Jewellery of Canada Ltd. (NASDAQ: DGJLF - news) to sell jewelry on Bid.Com's website.

Product categories will include rings, earrings, bracelets, and pendants. Metals featured will include platinum, 18K, 14K, and 10K gold, and sterling silver. The jewelry will contain diamonds, and precious and semi-precious stones.

''Our move into jewelry is a further step toward our stated objectives of diversifying our product offering and creating additional revenue streams,'' stated Jeff Lymburner, President of Bid.Com. ''Successful test marketing in 1998 made this category a priority for 1999. With D.G. Jewellery's reputation and expertise in product value and efficient order fulfillment, we have found an excellent online partner to make our vision a reality.''

''We are pleased to partner with Bid.Com and its management team,'' said Jack Berkovits, Chairman and CEO of D.G. Jewellery. ''We have committed to becoming the dominant jewelry player in cyberspace, and this new venture will play a key role in reaching that objective. Bid.Com shares our zeal for e-tailing, and our commitment to customers.''

D.G. Jewellery of Canada Ltd. is primarily engaged in the design, manufacture, merchandising, and distribution of stone-set jewelry for department stores, mass merchants, catalogue showrooms, television shopping networks, and other high volume retailers and major discounters.

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.

--------------------------------------------------------------------------------
Contact:

Bid.Com International Inc.
Paul Godin, 905/672-7467, ext. 226
E-mail: pgodin@bid.com
Jeff Lymburner, 888/750-7467
E-mail: jlymburner@bid.com
Website: www.bid.com
or
D.G. Jewellery of Canada Ltd.
Jack Berkovits, 800/387-3756 (Canada)
800/345-9579 (USA)
E-mail: dgjewel@aol.com