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

To: The Saint who wrote (13095)	3/25/1999 10:09:00 AM
From: RG	Respond to of 37507

Great article about Bid.com I just found on the Stockhouse board. >>>>From: ww.cyberm.com IPO pipeline ebusiness financial markets by walid mougayar market digest whisper stocks Norby.com It's nice to see Bid.com being reviewed with all the other internet stocks on this site. Bid is reviewed along with AOL, DELL Broadcast.com, Ebay etc. The US will now know about BII.... BID.COM INTL: (BII) C$8.20 Up C$.35 cents and listed on the Toronto Stock Exchange.... This is an Internet company very similar to EBay in that the company is an online auction company. Like most Internet companies, Bid.com has been volatile. On January 4, the stock was trading at the C$3.80 level and saw its share price almost double in the next week only to trade back down to the C$5.00 level and now the stock is approaching its 52 week high of C$9.90 in yesterday's trading on the Toronto Stock Exchange. In the last few days Bid.Com has been the heaviest traded stock on the Toronto Exchange. The chart looks excellent and this one appears to be headed north to establish a new 52 week high. Recently, the company applied for a Nasdaq listing and one would have to believe this stock has significant upside potential, particularly when compared to the price of EBay. The company recently reached an agreement with 24/7 Media, Inc., a global on-line advertising and direct marketing company, under which 24/7 will sell advertising on Bid.Com's website. Reaching half of all on-line users in the United States, 24/7 Media, Inc. provides Internet advertising sales and representation as well as on-line direct marketing solutions to advertisers and web publishers. The company operates globally several on-line advertising networks: The 24/7 Network, comprising more than 125 name-brand websites organized into high-demand content channels; the ContentZone, a network of more than 2,500 small to medium sites; the 24/7 Media Europe Network; and, through a joint venture with China.com Corporation, the 24/7 Media Asia Network. In addition, the company owns and operates 24/7 Profilz, an on-line co-op data base of web user profiles, employed with 24/7's Adfinity adserving system, which is designed to deliver targeted ads based on demographic profiles. 24/7 Media, Inc. is a is publicly traded on Nasdaq under the symbol TFSM. We mentioned 24/7 Media in our writeup of Ziasun Technologies on Monday. When we featured Ziasun on Monday, TFSM was trading at $45, up $5 3/4 last Friday. TFSM is now trading at $49. Also of note, Bid.Com has entered into a joint venture with New York-based American Interactive Media to create the next generation of shopping channels based on Bid.Com's award-winning on-line auction technology. To create the joint venture, Bid.Com is licensing its on-line auction technology to American Interactive Media. Of particular importance to Canadians is the fact that Bid.Com is the first Canadian on-line auction house offering name brand goods for Canadian dollars with Canadian warranties at below retail. There are plenty of on-line auctions available, but Bid.Com is different. The big difference with Bid.Com is that it is specifically designed for Canadians. Up to this point in time, Canadians have always been at a disadvantage because the majority of on-line auctions are American sites and do not accept Canadian currency and returns, or extended warranties beyond the United States border. The Globe and Mail, Canada's most popular newspaper, recently reported that Canada's most popular stock in recent days has not been a stalwart such as BCE or Air Canada, but rather the on-line auction house Bid.Com International, which is riding a wave of renewed interest in Internet-based issues. The Globe parallels tiny Bid.Com to giant eBay, which sparked another round of Internet frenzy among investors with its successful IPO in September. Paul Godin. Bid.Com's chairman and chief executive, expects revenue of $20-million this year, $30-million next year and profitability in the third quarter of next year. Mr. Godin also says that getting on his service is simplicity itself, and there is no registration fee. Just type in www.bid.com and you are ushered into the auction. So with a Nasdaq listing imminent and heavy volume continuing, it appears as though Bid.Com has a good ways to go on the upside. There's 38.9 million shares outstanding. The company's address is 330 - 5915 Airport Road, Mississauga, Ontario, Canada L4V 1T1. Company telephone number: (905) 672-7462.