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

To: Dave Gore who wrote (14074)	2/16/1999 10:33:00 AM
From: waldo	Respond to of 29382

Bid.Com To List On Nasdaq TORONTO, ONTARIO--Bid.Com International Inc., one of North America's leading online auctions, today announced that it has filed a listing application with the Nasdaq Stock Market as part of the process to qualify for trading on Nasdaq. Concurrently, Bid.Com has filed a Registration Statement on Form 20-F with the Securities and Exchange Commission. The Nasdaq and SEC review process is expected to last approximately 45 - 60 days. "Our market presence in the United States and the growth of our business has made listing on Nasdaq a logical next step for Bid.Com," said Paul Godin, Chairman and CEO of Bid.Com International. "We increasingly are forming alliances with U.S. firms and attracting U.S. consumers to our auction site. In addition, as a technology company, we believe it is important to build a greater presence among U.S. investors, and Nasdaq offers the ideal vehicle with which to accomplish this." Bid.Com, one of the Internet's leading online sales organizations, was founded in 1995 and currently has offices in Toronto and Tampa, Florida. 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 strategic alliances with America Online Inc., The Toronto Star Newspapers Limited, 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. Certain statements in this news release are forward-looking. Such forward-looking statements regard Bid.Com International Inc.'s future performance and involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Risk factors are listed from time to time in Bid.Com's public disclosure documents filed with The Toronto Stock Exchange and provincial securities commissions. Bid.Com assumes no obligation to update information contained in this news release. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Bid.Com International Inc. Paul Godin Chairman and Chief Executive Officer (905) 672-7467 ext. 226 E-mail: pgodin@bid.com bid.com fin-info.com. Waldo