Business Services Industry
MarineMax and Bid.com Launch E-commerce Initiative
Business Wire, Sept 26, 2000
Business & High Tech Editors
CLEARWATER, Fla.--(BUSINESS WIRE)--Sept. 26, 2000
Internet Venture Extends MarineMax Sales
and Brokerage Services to On-Line Customers
MarineMax, Inc. (NYSE:HZO), the nation's largest recreational boat retailer, and Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a global application provider of dynamic pricing solutions, today announced a one year agreement allowing MarineMax to extend its sales and brokerage services to on-line customers through Bid.Com's dynamic pricing technology.
Under the terms of the agreement, MarineMax will sell pre-owned boats on its branded website, www.marinemax.com, using Bid.Com's top-bid auction-format technology. To ensure the quality of items listed for sale on its site, MarineMax will offer value-added services including certificates of inspection and extended service plans. Bid.Com will receive implementation fees and on-going hosting fees. MarineMax plans to conduct regularly scheduled on-line auction events, with the first auction scheduled for Fall 2000.
Brett McGill, Director of MIS at MarineMax, stated, "We are excited to announce this highly interactive, on-line venture with Bid.Com, which will enable MarineMax to harness the power of the Internet. The extension of our sales and brokerage services to on-line customers will capitalize on MarineMax's strong brand equity while generating additional revenue through a new sales channel."
"Today's announcement is indicative of how Bid.Com is working with brick and mortar companies that are leaders in their respective fields to take advantage of the potential of e-commerce," said Jeff Lymburner, President and CEO of Bid.Com International Inc. "By integrating dynamic pricing with existing sales strategies, our customers are able to realize significant benefits such as faster inventory clearance and access to global markets."
About MarineMax
MarineMax is the largest recreational boat retailer in the world. Focused on premium brands, such as Sea Ray, Boston Whaler and Hatteras, the Company sells new and used recreational boats, related marine products, and engages in yacht brokerage services through Woods & Oviatt, its wholly owned brokerage subsidiary. The Company has 53 retail locations in Arizona, California, Delaware, Florida, Georgia, Minnesota, New Jersey, Nevada, North Carolina, Pennsylvania, South Carolina, Ohio, Texas and Utah. MarineMax is a New York Stock Exchange listed Company.
Certain statements in this press release are forward looking as defined in the Private Securities Litigation Reform Act of 1995. These statements involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this release. These risks include the impact of seasonality and weather, general economic conditions, the level of consumer spending, the Company's ability to integrate the acquisitions into existing operations and numerous other factors identified in the Company's Form 10-K Report and other filings with the Securities Exchange Commission.
About Bid.Com International Inc.
Founded in 1995, Bid.Com offers a comprehensive suite of on-line Dynamic Pricing Solutions for business-to-business and business-to-consumer markets. Bid.Com offers multiple on-line transaction methods, providing fixed price, traditional auction, real-time declining price (Dutch) auction and reverse auctions (Request for Quotation/Proposal (RFQ/RFP) all within the same package. Thanks to award- winning modular architecture, the Bid.Com system can be integrated with virtually any business-to-business or consumer-based application. A growing number of organizations have made Bid.Com their on-line sales partner in sectors such as automotive, heavy machinery, capital markets, electronic media, wireless communications, arts and culture, and retail. Partners include GE Capital, Research In Motion, Rogers New Media, CapGemini, ValueVision International Inc., PricewaterhouseCoopers and The Art Vault.
Bid.Com has offices in Toronto (Ontario), Tampa (Florida), Sacramento (California), Dublin (Ireland), and Melbourne (Australia). The company's shares trade on both the NASDAQ National Market and the Toronto Stock Exchange (NASDAQ: BIDS, TSE: BII). To receive additional information on Bid.Com International Inc. please visit www.bid.com
This news release may include comments that do not refer strictly to historical results or actions and may be deemed to be forward-looking within the meaning of the Safe Harbor provisions of the U.S. federal securities laws. These include, among others, statements about expectations of future revenues, cash flows, and cash requirements. Forward-looking statements are subject to risks and uncertainties that may cause Bid.Com's ("the Company") results to differ materially from expectations. These risks include the Company's ability to further develop its business-to-business sales and operations, the Company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved
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