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To: Norm Demers who wrote (70664)4/22/1999 1:36:00 PM
From: Michaelste  Read Replies (1) | Respond to of 119973
 
Bid.Com,Partner To Hold Live Streaming Video Auction Tuesday

TORONTO (Dow Jones)--Bid.Com International Inc. (BIDS) and American Interactive Media
Inc. (AIME) said that, on April 27, they will hold the Internet's first live streaming
video and audio auction, broadcast by RealNetworks Inc.'s (RNWK) Real Broadcast Network
in RealAudio and RealVideo.
In a news release, Bid.Com and American Interactive said the auction is the first
programming event to spring from their joint-venture pact signed in January. They noted
that Bid.Com is contributing its declining-price, or Dutch, auction format and technology
and American Interactive is contributing its creative, marketing and production
capabilities.
Bid.Com's patented Dutch auction format reduces prices from a set starting price until
the lot of goods is completely sold out, they noted.
Bid.Com is an online auction company.
American Interactive, New York, creates branded entertainment programming that can be
distributed over many platforms.
(END) DOW JONES NEWS 04-22-99
01:34 PM