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

To: Dave Kiernan who wrote (25243)	4/24/1999 12:12:00 AM
From: Bountybull	Read Replies (1) \| Respond to of 37507

CNBC/Dow Jones Business news transcript...To those people who missed it. CNBC - SQUAWK BOX INTERVIEW WITH BID.COM INTERNATIONAL CEO PAUL GODIN APRIL 20, 1999 SUMMARY: Godin says the company is positioning itself to become a global player. Godin states the company is looking to do $50 million in business in 1999. Mark: There's a new name at the nasdaq this morning. Toronto based bid.com will start trading there today under the ticker symbol "BIDS." bid.com is an on-line auction house competing with eBay, priceline.com, Amazon. Bid.com believes it can distinguish itself from on-line competitors by concentrating on business to business rather than person to person. Joining us with more on the company, Paul Godin, Chairman and ceo and cofounder of bid.com. Good morning, sir. Thanks for being with us. Good morning. Mark: You're going to do a business-to- business instead of consumer to consumer? We're going to do a combination of both, actually, three things. We're going to do business to consumer, business to business and also straight licsencing of our technology. Mark: Okay. So, how do you distinguish yourself here? There's plenty of business to consumer, there's plenty of consumer to consumer, and there's plenty of business to business already. How many more do we need? Well, i think nobody's really emerged, certainly not in the business-to-business sector. And traditionally... Mark: I think VerticalNet might argue with you on that one. Nobody is global and that's really where we're trying to position ourselves, to be a global player in this. We're moving into Europe, we're going to have our office open here in the next 60 days, out of Dublin, Ireland, which is a technology hub. We have a tremendous amount of interest in licencing our technology and doing co-venture. I think it's a big pie and i don't think just one person will dominate it. Seth: Mr. Godin, Seth Tobias. I obviously think all of your competitors want to be global as well. Amazon just came into this business and certainly put a negative effect on eBay's shares. Tell me about your real business. Tell us how many unique visitors you you have, how many items onboard, what revenues and earnings look lining the recent past and going forward. Sure. We have over 100,000 registered subscribers since we launched the bid.com brand back in March of 1998. Our revenues in 1997 were under $3 million. Revenues in 1998 were over $20 million. So, the ramping is there. Proportionally speaking, we're looking at doing over $50 million in 1999. The vast majority about, you know, $36, $37 million of that is still going come to the business to consumer side. As time goes on, 2000, 2001, we'll certainly see a greater dependency on the revenue from business to business and pure licensing. We've already signed our first licensing deals, two within the United States and we just launched our first international licensing deal. Mark: Can you explain a little bit about the licensing deal, how does that work. If someone licenses your technology, does that mean they become a competitor of yours or that they're just using your systems to go business to business? That's a good question. In this particular instances these are partners of ours that have licensed the technologies, and these are actually joint ventures that we're actually going to be operationally involve in. We can license the technology as we're looking at doing in PanAsia and the Pacific where we wouldn't be operationally involved, but on a day-to-day basis in North America and Europe we want to be involved. There are coventures where we'll help the licensee get started and get off the ground. Mark: Faber. David: Sir, i was hoping you could clarify something with regard to your share count. Total, you know, fully diluted shares outstanding. The data providers, some of them have it at 39 million, but I've heard it could be as much as 80 million shares; is that correct? No. The actual number's just under 51 million issued and outstanding fully diluted. David: And that includes ownership of... Everything. David: The likes of yours and things of that nature. Everything. David: Thank you. My pleasure. Thank you very much. Mark: Mr. Godin, thanks a lot. Appreciate your enlightening us about your company. My pleasure, thank you very much. Mark: Best of luck trading in the U.S. Thank you. Mark: Paul Godin of bid.com. Company starts trading on the NASDAQ today. The ticker symbol will be BIDS.