Bidville Generates First Quarter Revenue; Increase of 377% & Membership Growth Up 241% Since Q4 2003.Business Editors/High-Tech Writers CLEARWATER Clearwater, city, United States Clearwater, residential and resort city (1990 pop. 98,784), seat of Pinellas co., W central Fla., on the Pinellas peninsula, between Clearwater Bay and the Gulf of Mexico; inc. 1891. , Fla.--(BUSINESS WIRE)--May 25, 2004 Bidville, Inc., (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :BVLE BVLE Bidville Inc. (stock symbol) BVLE Belgische Vereniging voor Landbouweconomie (Belgian Association of Agricultural Economists) ), a leading online auction alternative to eBay (eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale. (EBAY:NASDQ), today reported a first quarter revenue increase of 377%, for the period ended March 31, 2004, from fourth quarter 2003. The recent acquisitions of 3-2-1 Play and Buy Sell Connect occurred only eight days before the end of the first quarter and therefore, consolidated revenue only included eight days of the subsidiaries' revenue for the quarter. "We are very pleased with the quick consolidation of 3-2-1 Play into the Bidville organization. We have already seen powerful results from the combination of these companies, and believe that our strategy of combining the best of brick-and-mortar brick-and-mor·tar adj. Located or serving consumers in a physical facility as distinct from providing remote, especially online, services: brick-and-mortar classrooms; a brick-and-mortar bookstore. operations with the increasing traffic on our internet auction site will lead to strong revenue growth," stated Gerald Gerald - ["Gerald: An Exceptional Lazy Functional Programming Language", A.C. Reeves et al, in Functional Programming, Glasgow 1989, K. Davis et al eds, Springer 1990]. C. Parker, Chairman of the Board. Bidville continued generating record new membership in the first quarter of 2004, as well as record listings and auction closings. Current membership levels generated a 231% increase in the Total Value of monthly auctions sold, with these members purchasing more expensive items, as reflected by the 625% increase in the average value of each item sold. The increase in membership and successful auctions was also reflected by increased activity on Bidville's website. The total number of new members has increased by 241% since the fourth quarter of 2003, with the total number of new sellers increasing by 173% since the last quarter. The total number of daily auction listings has also increased, with total unique daily visitor growth of 141% since December December: see month. 31, 2003. "Our recent acquisition of 3-2-1 Play and Buy Sell Connect is expected to continue to generate strong revenues," stated Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Palandro the 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 Bidville. "We are very pleased with our improvements in membership and revenue growth. We anticipate continuing to provide solid revenue and membership growth and expect to achieve our short term goal to be recognized as the No. 1 alternative to eBay. We anticipate that the next operating quarter will again generate solid revenue and membership growth commensurate com·men·su·rate adj. 1. Of the same size, extent, or duration as another. 2. Corresponding in size or degree; proportionate: a salary commensurate with my performance. 3. with the Company's operating goals." About Bidville Inc. Bidville was founded in 1999 as an online auction alternative to eBay. The Company provides unique user features, such as Watch List, Image Gallery and fixed price listing options and final success fees. Bidville is headquartered in Clearwater, FL. For further Company and product information, please visit the website at: http://www.bidville.com. Additional information, including current financial data, is available in current Securities and Exchange Commission filings. This release contains statements that constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; (iii) the Company's growth strategy and operating strategy; and (iv) the declaration and payment of dividends. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. |
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