Bidhit.com Announces Additional Strategic Marketing Initiative, Signs Deal with Washington DC Based Financial News Placement Firm.BOTHELL, Wash.--(BUSINESS WIRE)--Aug. 16, 1999-- Bidhit.com Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:BHIT BHIT Bicycle Helmet Initiative Trust (UK) ), a growing online auction company, announced today an agreement with Jack Wynn & Co. Inc., a Washington DC based consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a specializing in financial news coverage for small emerging growth companies. Jack Wynn & Co. functions as a financial news placement firm. It will be responsible for identifying and packaging unique and newsworthy elements of Bidhit and in delivering this information to the Company's well-established network of national media sources. "Bidhit.com has an interesting news story for both Wall Street and Main Street audiences" said Jack Wynn, 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 Jack Wynn & Co. Inc." This is an emerging public company with two things going for it: it makes money and it provides a unique service. Watch for this company to make substantial news in the months ahead." "We are very pleased to be adding Jack Wynn and his considerable expertise to our team," said President and CEO of Bidhit.com, Tim Black. " It is a very timely addition from our point view given that we are expecting several substantial developments in the Company over the next two quarters. We believe as Jack does that Bidhit will be of real interest to both the general and financial news outlets. This announcement also reiterates our commitment to our previously announced Strategic Marketing Initiative." Jack Wynn & Co. Inc. is a Washington DC based financial news placement company. Since 1981, Jack Wynn & Co. Inc. has provided small publicly traded companies publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. with national and international news coverage. Jack Wynn, President and CEO, has spent over 25 years in the publicity news business. In the 1970's, Mr. Wynn was a Speechwriter speech·writ·er n. One who writes speeches for others, especially as a profession. speech  writ and Legislative Assistant on three full U.S. Congressional Committees including the Joint Economic Committee. He was awarded the Veteran's Administration's highest public affairs award in 1980, as well as the Conference of Association Managers' public affairs commendation the same year. Aside from his publicity expertise, Mr. Wynn serves as National Small Business Director in Steve Forbes' Presidential Campaign. About Bidhit.com Bidhit.com is a fully developed, profitable, real time online auction company with a customer database of over 100,000 registered users. The company is focused on providing quality brand name consumer goods consumer goods Any tangible commodity purchased by households to satisfy their wants and needs. Consumer goods may be durable or nondurable. Durable goods (e.g., autos, furniture, and appliances) have a significant life span, often defined as three years or more, and to distinct and growing customer segments. Bidhit.com has achieved rapid growth by building a solid operational infrastructure and is now leveraging this success to become one of the leading online auction brands on the Internet. About the Online Auction Segment According to Forrester Research, 52 percent of online business is expected to be transacted via auctions by 2002, (Reported in Business 2.0, June 1999). The success of online auction sites such as eBay,Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :EBAY), uBid,Inc. (NASDAQ:UBID), Onsale Inc. (NASDAQ:ONSL ONSL Old North St. Louis (neighborhood just north of downtown St Louis, MO) ONSL Optical Network Simulation Layer (VPI) ONSL Organization Nationale des Syndicats Libres ) and Bid.Com International (NASDAQ:BIDS), has been well documented. Bidhit will be focused on growing its online auction presence in attracting and sharing the enormous audience for online auctions. On Behalf of the Board of Directors, Timothy J. Black, President and CEO Bidhit.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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