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To: T-Lo Greens who wrote (3450)	6/2/1999 6:58:00 AM
From: Roy F	Respond to of 5843

Bid.Com Begins Regularly Scheduled Live STREAMING Video AuctionS On The Internet Auctions to Utilize Bid.Com's Patented Declining-Price (Dutch) Auction Format June 1, 1999 01:17 PM TORONTO, June 1 /PRNewswire/ -- Bid.Com International Inc. BIDS one of North America's leading online auction companies, announced that tonight and this Friday night at 10:00 p.m. EST it will begin to hold regularly scheduled live declining-price auctions. On top of the Company's successful launch in late April and this week's live auction events, auctions will be held every Tuesday and Thursday at 10:00 p.m. EST. Consumers can participate in the live auctions by visiting www.bid.com. Bid.Com, together with American Interactive Media, Inc., AIME is bringing consumers the Internet's only live streaming video and audio auctions, broadcast by RealNetworks' RNWK Real Broadcast Network in RealAudio and RealVideo. The auctions will be hosted by live presenters including comedians from AIME's ComedyNet, the Internet's only 24- hour comedy channel. Combining a live presenter with RealNetworks' high quality viewing and listening technology provides an added level of interactivity and fun to the auction experience. "Based on the success of our first live auction, which achieved 90% sell through and made Internet history by incorporating live streaming audio and video, we are moving ahead, making these live auctions regularly scheduled events," said Jeff Lymburner, President of Bid.Com. "The declining-price auction format, powered by Bid.Com's patented technology, demonstrated its value by increasing the ability to sell non-computer related items such as jewelry, collectibles and personal products, categories that also carry superior margins to computers. Our auctions will continue to feature an exciting array of unique merchandise at exceptional prices to the consumer." Mr. Lymburner added, "Our e-commerce technology is proving to be a significant competitive advantage and we continue to make technical improvements to enhance the consumer's auction experience. Combined with the production and interactive experience of American Interactive Media, we look forward to developing the next generation of shopping channels and continue to explore the potential to create programs for cable, satellite and broadcast television." 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 broadband/cable media. The company's shares trade on the Nasdaq National Market and The Toronto Stock Exchange. Bid.Com notifies 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 the company's products and services, competitive factors, news products and technological changes, and other such risks that the 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 company's respective plans will be achieved. SOURCE Bid.Com International Inc.