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Microcap & Penny Stocks : EBID - acubid.com -- Ignore unavailable to you. Want to Upgrade?

To: Ceedee who wrote (178)	4/16/1999 2:17:00 PM
From: C. McD	Respond to of 296

That's nice that the "news" finally came out (even though I posted that info last week), here's the text below. IMO the real news will be about partnerships and new board members, and I expect those to come steadily over the next two months. Friday April 16, 1:37 pm Eastern Time Company Press Release AcuBid.com Inc. Completes $1 Million Financing SAN DIEGO--(BUSINESS WIRE)--April 16, 1999--AcuBid.com Inc. (OTCBB:EBID - news) is pleased to announce that it has successfully completed an initial financing, in the amount of $1 million. The funds will be used to create and design a live Internet auction Web site, obtain inventory, and to provide working capital. The company is positioning itself to become a premier live auction Web site specializing in high end collectibles i.e. rare coins and stamps, fine wines, art, classic automobiles, and sports memorabilia. The company will employ state of the art sophisticated merchandising and operational techniques to provide the ultimate in customer care, service and satisfaction. The company will also enter into agreements with support industries to provide the best possible choice and service to our customers. The company intends to enter into strategic alliances with a variety of vendors to insure an expanding flow of auction material. In some cases the company will purchase items directly for sale, while in other situations we will accept items on consignment or act as the ideal venue for sellers to reach a world wide source of buyers and collectors. As previously announced the company is currently assembling a high profile advisory board which will consist of HALL OF FAME athletes and experts in various other collectible fields. AcuBid.com Inc. is a newly established, San Diego based, live Internet Auction House, specializing in the sale of high end collectibles. AcuBid's business objective is to develop a premier Web site for high end Internet collectible trading. The company will maintain an inventory of rare and hard to find items which it will auction off to the public. In addition, the company intends to act as a broker to provide a venue for sellers and dealers to display their collectibles to potential purchasers throughout the world via the Internet. Contact: AcuBid.com Inc. Norman Schwartz, 760/804-0023