BidCrawler.com to Acquire EATC Technology Assets and CEO; Becomes B2B E-Commerce Enabler and Closes Private Placement Round of Funding.

Business Editors

BELLEVUE, Wash.--(BUSINESS WIRE)--Oct. 30, 2000

BidCrawler.com (CDNX:BDO.V) (OTCBB:BCWOF) an online business-to-business (B2B) e-marketplace aggregator, today announced the repositioning of the Company as a B2B e-commerce software and services provider.

As the first step in this transition, BidCrawler.com has entered into a Letter of Intent to acquire the e-commerce assets of Enterprise Automation Technologies Canada Limited (EATC). Effective today, EATC's CEO, James Coke will become the chief technology officer (CTO) at BidCrawler.com. EATC is a privately held, Alberta-based software development and consulting firm. Coke has extensive experience with the development of enterprise software and implementation of electronic data interchange (EDI).

This acquisition represents a blending of complementary visions shared by the two executives, Greg Stone, president and CEO of BidCrawler.com, and Coke, to be the industry innovator, advancing internet-based trading and procurement. BidCrawler.com has developed a solid foundation in aggregation services and has attracted thousands of business users to its B2B site since it launched in August of this year. EATC brings to this union expertise in peer-to-peer e-commerce and emerging XML-based technologies.

"By joining forces, we will be able to deliver innovative applications and services more quickly and efficiently to make buying and selling online more widely available to the business Internet user," said Greg Stone. "With expertise in electronic sales and procurement software and services, we will be able to radically accelerate our ability to develop and deploy applications that solve real-world business problems, resulting in new revenue streams for the organization in early 2001."

"We have been evolving a comprehensive vision with BidCrawler for several months now, and are actively working to combine our assets," said James Coke. "EATC's core technology will be an integral part of a new generation of Company products that address an emerging market space."

BidCrawler.com's acquisition of EATC's assets includes all the intellectual property associated with its Electronic Commerce Division, all related vendor and customer relationships, and the source code for the software "Trade Central." New BidCrawler.com CTO, James Coke, brings over 15 years of experience managing the development of enterprise software and implementing electronic data interchange (EDI) systems in both the public and private sectors. From 1989 to 1997 he served as CEO of software developer Medipay, Inc., and prior to that as a consultant for Management Technology Associates, both of Portland, Oregon.

Under the terms of the acquisition, EATC will receive 1,200,000 common shares in BidCrawler.com, 1 million share purchase warrants in BidCrawler.com to acquire one additional common share exercisable at $0.30 per share, and US$100,000 to be paid out of future financings.

To coincide with today's announcement, BidCrawler.com has announced a non-brokered private placement of 2,000,000 units at a price of $0.25 per unit. Each unit consists of one common share and one share purchase warrant, with each warrant entitling the holder to acquire one additional common share of the Company at the minimum acceptable price in accordance with the Canadian Venture Exchange (CDNX) policies for a term of one year.

A finder's fee will be payable in connection with this transaction to the maximum amount allowable pursuant to CDNX policies.

The acquisition of EATC follows BidCrawler.com's recent announcement that it has received clearance to trade in the United States on the OTC Bulletin Board.

The transaction referred to in this News Release is subject to its acceptance for filing by the Canadian Venture Exchange.

The securities offered will not be or have not been registered under the US 1933 Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Enterprise Automation Technologies Canada, Ltd.

Privately held EATC is headquartered in Calgary, Alberta and serves customers throughout North America. In addition to its B2B trading software, the company also markets a comprehensive governmental case management system and provides strategic e-commerce consulting services. More information about the company can be found on its web site at http://www.eatl.com.

About BidCrawler.com Online Inc.

Headquartered in Seattle, BidCrawler.com Online Inc. trades on the Canadian Venture Exchange under the symbol BDO.V and on the OTC Bulletin Board under the symbol BCWOF. BidCrawler.com's Internet auction search tool -- BidCrawler -- allows users to quickly search the Internet's top auction sites. Its advanced metasearch technology makes online searches faster, easier and more accurate. To learn more about BidCrawler, "The Internet Auction Power Tool," visit http://www.bidcrawler.com or http://www.b2bidcrawler.com.

BY ORDER OF THE BOARD OF DIRECTORS

"Greg Stone" Greg Stone, President

The Canadian Venture Exchange (CDNX) and the OTC Bulletin Board (OTCBB) has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.