Alan Gerson, President of Interactive Marketing Inc., Joins the Board of Bidhit.com.BOTHELL, Wash.--(BUSINESS WIRE)--June 7, 1999-- Bidhit.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BHITD) is pleased to announce that Mr. Alan Gerson has joined the Board of Directors of the Company. Mr. Gerson is an advertising attorney and has been president of Interactive Marketing Inc. since 1997. Previously, he directed Program Standards and Broadcast Administration for NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. for almost 19 years. He was Executive Vice-President of Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. , Inc., Senior Vice-President of Ticketmaster, and President of the Marketing Products Group for Softbank Interactive Marketing. An expert in e-commerce, he has consulted for the world's leading media, electronic and interactive marketing companies. Bidhit.com is a fully developed real time online auction site. The Company currently specializes in the auctioning of name brand consumer electronics from manufacturers to consumers. Bidhit has been conducting online auctions for the past 18 months and has developed a database in excess of 100,000 registered users. Mr. Gerson states, "The online auction sector is growing at an astounding a·stound tr.v. a·stound·ed, a·stound·ing, a·stounds To astonish and bewilder. See Synonyms at surprise. [From Middle English astoned, past participle of astonen, rate, with every indication that this trend will continue. Like any new growth niche, there exists an opportunity for a relative few to establish significant market share and broad-reaching brand awareness in a relatively short period. I believe Bidhit is such a Company. Over the last 18 months Bidhit has developed a tremendous operational infrastructure and generated positive cash flow. With the right strategic direction, I think that Bidhit can become one of the segment leaders." The Company also announced the signing of an agreement with Interactive Marketing Inc. (IMI IMI International Masonry Institute (Washington, DC) IMI Israel Military Industries IMI Institute of the Motor Industry IMI International Market Insight IMI Imposto Municipal Sobre Imóveis (Portugal) ). IMI will help create, plan and implement an integrated business and marketing strategy for the Web-based online auction company. IMI will also assist in the development of new strategic relationships, innovative sponsorships, and e-commerce opportunities to maximize revenue and market share for Bidhit.com. Mr. Timothy Black, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Bidhit.com, states, "We are extremely pleased with the addition of IMI as one of our key strategic partners. Their reputation for success in the e-commerce arena is unparalleled, further, the addition of IMI's President, Mr. Alan Gerson, to our Board of Director's is evidence of his confidence with our current success and strategic direction." IMI is a leading interactive marketing consulting company based in Manhattan Beach, Calif., that has guided many well-known media, technology and Internet companies in developing successful business models. IMI represented YAHOO! (Nasdaq:YHOO YHOO Yahoo! Inc. (NASDAQ symbol) ) to create its initial advertising and promotional strategies. More recently, IMI created the blueprint strategy for the "Lycos Network" (Nasdaq:LCOS (Liquid Crystal on Silicon) A technology used to make microdisplays for rear-projection TVs and head-mounted displays (HMDs). Each LCoS chip hosts a grayscale LCD shutter sandwiched between a cover glass and a mirror. ). IMI consults for selected Web properties and interactive technology companies creating unique marketing, promotional, sponsorship and e-commerce strategies and has a proven track record in providing business planning and development services. IMI has developed interactive strategies for other major organizations such as American Express (NYSE NYSE See: New York Stock Exchange :AXP The brand name Digital gave to its first family of Alpha-based computers. In 1998, Digital was acquired by Compaq. See Alpha. ), Citibank (NYSE:C), Barnes & Nobel.com (NYSE:BKS), Netscape, an AOL company (NYSE:AOL), CBS Corp. (NYSE:CBS), and 24/7 Media Inc (Nasdaq:TFSM), the National Football League and NBC, a subsidiary of General Electric (NYSE:GE). On Behalf of the Board of Directors, Timothy J. Black - President and CEO, Bidhit.com Inc. For more information on Bidhit.com Inc. please visit the corporate Web site at www.bidhit.com or contact Park Avenue Consulting Group at 800/953-8711 or e-mail: bhit@parkcap.com. For more information on IMI visit www.4imi.com 'Safe Harbor' statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission. |
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