Curtis International Ltd. Signs Deal With Bid.Com.TORONTO--(BUSINESS WIRE)--June 8, 1999-- CURTIS (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 : CURT) announced today that they have entered in an agreement with Bid.Com International Inc. (NASDAQ: BIDS), one of North America's leading on-line auction sales organizations, for Curtis International to be Bid.Com's primary supplier of consumer electronics. Bid.Com has established itself has one of the Internet's most popular auction destinations and will offer Curtis exposure to its qualified and experienced on-line shopper base. Additionally, Bid.Com will feature Curtis' product on its FRONT PAGE feature section. Curtis' 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. Aaron Herzog commented, "This is an important step towards Curtis' goal of becoming a leading on-line supplier of consumer electronic products." Curtis designs, develops, merchandises and distributes a broad range of consumer audio and telecommunication products. Curtis' recent entry into the U.S. market has been highly successful. The Company's customers include mass merchandisers such as Ames, Bradlees, Dollar General and Bi-Way Stores; drug store chains such as Rite-Aid, London Drugs London Drugs is a large chain of Canadian retail stores that provides a wide range of products and health services. The store carries a range of merchandise from personal care products to electronics and computers. , Thrifty Payless, Jean Coutu and Kerr Drugs; specialty marketers such as QVC QVC Quality Value Convenience QVC Question Valid Command , The Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. and Amway; consumer electronic retailers such Future Shop, Fry's and ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. Warehouse; and appliance and department stores such as Boscov and Fedco. Bid.Com, founded in 1995, is one of the Internet's leading on-line auction sales organizations, with offices in Toronto and Tampa, Florida. The company offers a compelling, entertaining and cost effective method of selling a wide array of goods and services In economics, economic output is divided into physical goods and intangible services. Consumption of goods and services is assumed to produce utility (unless the "good" is a "bad"). It is often used when referring to a Goods and Services Tax. over electronic distribution channels. The company's shares have traded on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. since February 1998 and were recently listed on the Nasdaq National Market. Disclaimer: This news release contains forward-looking statements as defined by 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. Forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements, which are other than statements of historical facts. Theses statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks defined in this document and in statements filed from time to time with the Securities and Exchange Commission. All such forward- looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. |
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