This should help no other Auction sites are offering live AUTIONS over the internet.
IS THAT NOT A POSITIVE?
Thursday April 22, 9:30 am Eastern Time
Bid.Com in streaming auction
(Full text of press release from Canada NewsWire)
Internet's First Live Streaming Video Auction To Be Held By Bid.Com And American
Interactive Media
Auction Will Utilize Bid.Com's Patented Declining-Price (Dutch) Auction
Format And Feature ComedyNet Host Lewis Black and
RealNetwork Broadcasting
TORONTO and NEW YORK, April 22 /CNW/ - Bid.Com International Inc. (Nasdaq: BIDS, TSE: BII) and American
Interactive Media, Inc., (OTC: AIME) today jointly announced that they will hold the Internet's first live streaming video and
audio auction, broadcast by RealNetworks' (Nasdaq: RNWK) Real Broadcast Network in RealAudio and RealVideo. The
one-hour webcast will run Tuesday, April 27, 1999 at 10:00 p.m. EST (9:00 Central, 8:00 Mountain and 7:00 Pacific).
Consumers can participate in the live auction by visiting www.bid.com or linking through AIME's www.comedynet.com.
This auction is the first programming event to spring from the two companies' joint venture agreement signed in January, 1999. In
working together to create this breakthrough interactive shopping experience, Bid.Com contributed its proprietary
declining-price (Dutch) auction format and technology and AIME contributed its creative, marketing and production capabilities.
Bid.Com's patented Dutch auction format increases value and fun for buyers by reducing prices from a set starting price until the
lot of goods is completely sold out. Viewers will have the opportunity to bid on a hockey jersey autographed by Wayne
Gretzky, baseballs signed by Roger Clemens, Tag Hauer watches, Hewlett-Packard computer monitors and other items.
In another Internet first, the auction will be hosted by veteran comedian Lewis Black, who is regularly seen on AIME's
ComedyNet, the Internet's only 24-hour comedy channel. Mr. Black has headlined top comedy clubs for 20 years and
appeared in Mad About You and Homicide on television, and in Hannah and Her Sisters and Jacob's Ladder on film. He has
also written and produced dozens of theatrical plays.
Paul Godin, Chairman and CEO of Bid.Com, said, ''We are excited to be able to combine our entertaining auction format and
technology with the humor of Lewis Black and the production and interactive experience of American Interactive Media to
create this Internet auction first. We look forward to working with our joint venture partner, American Interactive Media, to
develop the next generation of shopping channels, provide technical improvements to enhance consumer's auction experience,
and explore the potential to create programs for cable, satellite and broadcast television.''
Mark Graff, President and CEO of American Interactive Media, said, ''Bid.Com has e-commerce technology that is truly
unique on the Internet -- the ability to give customers lower and lower prices as the auction moves forward. The fun and
excitement increase by adding the creative talent and rich video programming skills we bring to all our networks. We look
forward to producing more live video auctions for Bid.Com in the future.''
Ian Freed, general manager of RealNetworks, Inc., said ''By providing live streaming RealVideo and RealAudio as part of the
online auction, consumers will enjoy a greatly enhanced experience. RBN was specifically designed to provide a high quality
viewing and listening experience to large audiences over the Internet.''
Bid.Com, founded in 1995, is one of the Internet's leading on-line auction sales organizations, with 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. Bid.Com is strategically positioned to leverage its business-to-consumer
technological leadership by offering the pre-eminent on-line auction platform for co-ventures into business-to-business markets,
licensing custom branded E-commerce solutions and for distribution through broandband/cable media. The company's shares
have traded on The Toronto Stock Exchange since February 1998 and were recently listed on the Nasdaq National Market.
American Interactive Media, Inc. headquartered in New York City (http://www.aime-inc.com), is creating original, branded
entertainment programming that can be distributed over many platforms, including the Internet, cable and satellite television, and
radio.
Bid.Com and American Interactive Media notify readers that this news release may include comments that do not refer strictly to
historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the
U.S. federal securities laws. Forward-looking statements involve risks and uncertainties including successful development and
implementation of technology, acceptance of each company's products and services, competitive factors, news products and
technological changes, and other such risks as each company may identify and discuss from time to time, including those risks
disclosed in Bid.Com's Amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no
certainty that the companies' respective plans will be achieved.
/Website: aime-inc.com
/Website: bid.com
/For further information: Paul Godin, President & CEO, (905) 672-7467 x226, or Jeff Lymburner, President, 888-750-7467,
both of Bid.Com; or General, Alison Ziegler, Investors, Elisa Mailman, or Media, Claudine Cornelis, all of the Financial
Relations Board, (212) 661-8030, for Bid.Com; or Mark Graff, President & CEO of American Interactive Media, Inc., (212)
539-0700; or Investors, Lisa LaMagna of LaMagna Communications, Inc., (516) 668-4979, or Media, Wayne Rosso of
Richard Lewis Associates, (757) 422-4722, both for American Interactive Media, Inc./
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