Bidnow.com Reschedules Shareholder Meeting for February 11, 2000.Business Editors WARMINSTER, Pa.--(BUSINESS WIRE)--Jan. 25, 2000 Bidnow.com, Inc. (the &uot;Company&uot;) (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BIDN) announced today that it has rescheduled the date for its special shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. for Friday, February 11, 2000. The Company had originally scheduled the meeting for Monday, January 31, 2000. The meeting will be held at the headquarters of Gallatin Mortgage Company, 887 Fifth Avenue, New Kensington New Kensington, city (1990 pop. 15,894), Westmoreland co., SW Pa., on the Allegheny River, in a coal-mining area; laid out 1891 on the site of Fort Crawford (1778), inc. as a city 1933. Aluminum products have been made there since 1892. , PA 15068 at 3:00 p.m. local time. A Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. setting forth the matters being presented to the shareholders will be mailed on January 24, 2000 to all shareholders of record of the Company. The Company is seeking shareholder ratification of the Company's acquisition of Gallatin Mortgage Company, effective December 31, 1999, and approval of a one-for-ten reverse stock split of the common shares currently outstanding. The shareholders will also be asked to ratify a new Board of Directors to replace the majority of the Board of Directors who have submitted their resignations as part of the Gallatin acquisition. About bidnow.com. Bidnow.com, Inc. is an Internet and television based e-commerce platform, which seeks to combine the excitement of live auction entertainment and e-commerce into one home shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. venue. The Company plans to generate revenue, profitability and shareholder value by leveraging its unique market positioning and key strategic relationships to become the an important Internet auction portal site Noun 1. portal site - a site that the owner positions as an entrance to other sites on the internet; "a portal typically has search engines and free email and chat rooms etc. . The general public, special collectors, auctioneers, manufacturers and liquidators can receive information by contacting the webmaster's via e-mail at webmaster@bidnow.com. Forward Looking Statements. Certain matters discussed within this press release may be forward-looking statements within the meaning of 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. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be attained. Such statements are inherently uncertain, and actual results and activities may differ materially from those estimated or projected. The Company has no obligation to update the statements contained in this release or to take action that is described herein or otherwise presently planned. |
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