Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Big Tex House of Coin -- Ignore unavailable to you. Want to Upgrade?

To: BigTex who wrote (3568)	4/29/1999 9:50:00 AM
From: Spark	Respond to of 19297

BIDS - More news.. Thursday April 29, 8:02 am Eastern Time Company Press Release SOURCE: Bid.Com International Inc. Bid.Com and American Interactive Media Make Internet History With Successful Launch of First Live Streaming Video Auction TORONTO and NEW YORK, April 29 /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS - news; Toronto: BII - news) and American Interactive Media, Inc., (OTC Bulletin Board: AIME - news) today announced the successful launch of the Internet's first live streaming video and audio auction, which was held Tuesday night, with over 90% of the items up for auction selling out. This first-of-its-kind auction utilized Bid.Com's patented declining-price (Dutch) auction technology and AIME's creative, marketing and production capabilities. Broadcast by RealNetworks' Real Broadcast Network in RealAudio and RealVideo, the live auction was seen by tens of thousands of visitors to the www.bid.com and AIME's www.comedynet.com websites. ''The show was a big success,'' said Jeff Lymburner, President of Bid.Com. ''Bid.Com is already planning future auctions with celebrity and non-celebrity auctioneers alike, and we'll begin regularly scheduled webcasts in May. Last night's history-making production also bodes well for future applications across both narrow and broad band, in both consumer and business-to-business areas as we look to develop the next generation of shopping channels.'' Mr. Lymburner added, ''Bid.Com's system has enormous capacity, and during this popular auction usage never exceeded 35% of capacity. However, higher than expected demand from certain geographic regions made it difficult for some users' browsers to access the site. We expect to make adjustments to minimize these access issues going forward.'' Mark Graff, President & CEO of American Interactive Media, said, ''Viewer response to our combination of live video streaming auctions with the humorous hosting of Lewis Black was very positive. We've been so encouraged by these results that we are aggressively moving forward to incorporate the Bid.Com technology with video in all of our networks, including ComedyNet, Crimebeat and RomanceLand, for web-based, satellite and digital cable distribution. Our planned launch of a full network dedicated to video auctions has been stepped up.'' 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. biz.yahoo.com