Important News: Bidnow Acquisition Proposal Requiring Shareholder Approval

Market Wire, 20050229

Bidnow.com, Inc. has mailed to its shareholders an Information Statement for Solicitation of Shareholder Meeting Without A Meeting, as well as Consent Ballots. The Information Statement requests shareholder approval of the following acquisition proposal:

APPROVE THE ACQUISITION OF EPA, INC.

Agreement III, EPA, Inc.

EPA, Inc. holds the ownership of proprietary technology, licensees, marketing and sales of a unique building supply material. The company, established in 1997, has generated $350,000 in licensing set-up fees with one facility already operational in China and two new licenses in progress. Initially, the company's unique product technology is a candidate to replace arsenic-treated wood products used to construct decking, boardwalks and children's furniture. An increased demand for safe and strong replacement products is anticipated. The planned acquisition of the unique building supply material licenses and related assets would offer a viable opportunity to capitalize on this ban. EPA's main headquarters are located at 675 Lenox Rd., Baldwin, NY 11510.

Management believes that the ratification of Agreement III will increase the ability of the Company to become a profitable venture and increase shareholder value.

THE FOLLOWING IS A SUMMARY AND SHOULD NOT BE CONSIDERED AS A COMPLETE DESCRIPTION OF ALL TERMS OF THE AGREEMENT. A COPY OF THE AGREEMENT WILL BE MADE AVAILABLE TO SHAREHOLDERS UPON WRITTEN REQUEST.

The Proposal

The Company intends to acquire eighty percent (80%) of the outstanding shares of common stock EPA, a New York corporation. The ratification of Agreement III provides for the acquisition of eighty percent (80%) of all outstanding common stock of EPA in exchange for 1,000,000 shares of the common stock of the Company. Additionally, the Board of Directors is requesting approval to amend Agreement III in any manner necessary to complete the contemplated transaction except in respect to the maximum amount of the common stock of the Company, which shall not exceed 1,000,000 shares.

This news release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions and other statements, which are other than statements of historical facts. These 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, and government regulation and approvals. All such forward-looking statements, whether written or oral, and whether made by, or on behalf of Bidnow.com, Inc., are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. In addition, Bidnow.com, Inc. disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.