Bidhit.com Expands Senior Management Team New Appointment Strengthens Ecommerce Capabilities.BOTHELL, Wash.--(BUSINESS WIRE)--Nov. 4, 1999-- Bidhit.com Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BHIT BHIT Bicycle Helmet Initiative Trust (UK) ) announced today that it has appointed Mr. John Hartsock as eCommerce Merchandising Director effective immediately. As eCommerce Merchandising Director, Mr. Hartsock will be responsible for establishing and maintaining strong relationships with vendors, business and product analysis, pricing, competitive analysis, product positioning and all matters pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to product and category development including customer retention analysis, forecasting market trends, and contract negotiation. Mr. Hartsock spent the past 3 years at Zones.com as the Product Manager. While at Zones, he was responsible for a wide range of activities including merchandising multiple vendor products via internet and catalog, building successful strategic relationships with high tech vendors such as Sony, Mitsubishi, Hitachi, Viewsonic and Philips. He also developed customized Internet and catalog programs and promotions; directed numerous personnel in Creative, Marketing, Purchasing and Accounting departments. He was also responsible for sales and market share analysis for all vendors, including ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). . Prior to his time with Zones.com, John was involved in sales and marketing for Future Shop and was employed as an Assistant Advertising Manager for Pacific Linen, Inc. "This is a great addition to our Senior management Team," stated 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 Timothy Black. " John's appointment really does two significant things for our organization. Firstly, John has a wealth of experience in all aspects of ecommerce, off and online merchandising and business development. He will significantly enhance our retail presentation and product selection thereby greatly enhancing the shopping experience for our Bidhit Bidders. Secondly, it allows Jeffrey Mendenhall to step fully into the role of Vice President of Information Technologies, from his current post of VP Product Development. Jeffrey will be focused exclusively on the development of the technical core of our business. We will have much to announce on this front over the next 2 Quarters." "I am very excited about the opportunity presented to me at Bidhit.com," stated John Hartsock newly appointed eCommerce Merchandising Director for Bidhit.com. "What most impressed me about the Company was their strategic approach to their business as well as their commitment to building a great online auction enterprise. I think my previous experience with both off and online businesses is a terrific fit with Bidhit.com at this stage of its development. I'm convinced that I can make a significant contribution to the ongoing success of the Company." About Bidhit.com Bidhit.com is a fully developed, 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 according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Forrester Research Forrester Research is an independent technology and market research company that provides its clients with advice about technology's impact on business and consumers. Corporate facts
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.com 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. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion