Bidhit.com Appoints IR Firm for European Market.Business Editors BOTHELL, Wash.--(BUSINESS WIRE)--March, 21, 2000 Bidhit.com, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : BHIT BHIT Bicycle Helmet Initiative Trust (UK) ) (Frankfurt:BHC BHC benzene hexachloride. BHC, ?-BHC see benzene hexachloride. - WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany) WKN Warrior Knowledge Network (US Army) 922631) a rapidly growing online auction company, has appointed Stocks2win.com to provide a Media Communications and Investor Relations program throughout Europe. Stocks2win specializes in Investor Relations programs and providing fundamental research for US based corporations listed on the European stock exchanges This is a list of European stock exchanges. There are two major pan-European stock exchanges:
Stocks2win.com, managing Director, Tom Thomas, commented, "We are delighted to add Bidhit.com to our portfolio of innovative technology and Internet companies we represent. Since Bidhit.com is listed on the Frankfurt Stock Exchange Frankfurt Stock Exchange The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS. , Stocks2win can provide European investors updated information on the company. We have followed Bidhit.com's development and we believe it is now at an appropriate stage to be of major interest to institutional investors throughout Europe." Stocks2win has offices in Duesseldorf, Germany and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Background Information About Bidhit.com (OTCBB:BHIT) (FRANKFURT:BHC) Since 1997, Bidhit.com, Inc. (www.bidhit.com) has been a pioneering leader of Internet auctions. The company specializes in auctioning brand name consumer electronics, sports memorabilia, other customer goods and business products. The company's customer service focus, certified vendors, warranty program, secure transaction software and easy to use Web site sets it apart from other online auction sites. Bidhit.com is a business to customer auction as compared to a person-to-person auction. Bidhit.com's unique business model ensures customers of high quality merchandise directly from certified vendors or manufacturers, including warranties on new and refurbished products. The company has over 100,000 registered bidders. Bidhit.com recently announced it has signed a letter of intent to acquire EZbid.com, a wholly-owned subsidiary of Systemax Inc.(NYSE NYSE See: New York Stock Exchange :SYX). Upon completion of the transaction Systemax Inc. will own 30% of Bidhit.com. Systemax Inc., located in Port Washington, New York Port Washington is a hamlet and Census Designated Place in Nassau County, New York on the North Shore of Long Island. As of the United States 2000 Census, the community population was 15,215. , is a Fortune 1000 PC direct marketer of computer hardware and software. Systemax reported sales of $1.75 Billion in 1999.Bidhit.com and Hollinger International (NYSE:HLR) have recently announced a pilot project that would develop a Bidhit.com and Chicago Sun-Times co-branded auction site. Hollinger owns the Chicago Sun-Times. '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. 'Safe Harbor' statement under the Private Securities Litigation Reform Act 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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