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Press Releases
Worldbid.com strengthens Italian presence through partnership with StelNet.com VICTORIA, B.C., CANADA -- (INTERNET WIRE) -- 05/30/2001 -- NASD OTCBB, "WBID" -- FOR IMMEDIATE RELEASE Worldbid.com (NASD OTCBB: WBID) continues to improve their network of B2B marketplaces, today announcing a new partnership with StelNet.com to manage and promote WorldbidItaly.com. Small-to-medium-sized businesses make up a significant portion of the Italian economy, making the region a perfect fit for WorldbidItaly.com's trade lead and exchange services. StelNet, a pioneer in the Italian B2B market offering information brokerage and export promotion services since 1986, currently has 50 regional offices located throughout the country and is actively extending its network of Italian affiliates. "The extended regional presence of StelNet.com was a significant factor (in this partnership)," stated Gabrielle Eagles, Director of International Partnerships for Worldbid.com. "These localized offices will enable StelNet to provide knowledgeable and rapid service to the members of WorldbidItaly.com." About Worldbid.com Worldbid.com (NASD OTCBB: WBID) is a worldwide, multi-industry B2B marketplace that brings together buyers and sellers for interactive trade. By providing qualified trade leads in over 1,200 industry categories, Worldbid.com's multilingual network provides small and medium-sized companies the same access to global markets as that available to larger, international companies. More than 70,000 companies worldwide are registered, and that number is growing by 90 every day. The site currently provides access to over $1 trillion in buy and sell leads in 1,200 industry trade categories and sub-categories - from textiles to construction materials, from consumer goods to industrial chemicals. Approximately 1,000 unique trade leads are posted to the site each day. Worldbid.com now has 60 regional and vertical sites in its interactive trade network. This network forms a multinational, multi-industry, multilingual marketplace that facilitates business trade across borders and around the world. In order to maximize access, the interface of each site is built in the local language, including Japanese, Korean, Chinese, Thai, Spanish, French, Dutch, German, Italian, Portuguese, Russian and Turkish. Since its launch in early 1999, Worldbid.com has become one of the world's top resources for comprehensive international trade. Services include a worldwide business directory, company showrooms, on-line auctions, document posting, shipping, international payments, and on-line email access. Low overhead, a strong business plan, and proprietary software (patents pending) ensure that Worldbid.com will be one of the more enduring companies in the high-tech B2B market. Worldbid.com's disclaimer: This news release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties (see the Company's reports filed with the SEC). The Company assumes no obligation to update the information contained in this news release. Worldbid.com Contact: Gabrielle Eagles, Director of International Partnerships Worldbid.com Tel: 1 (250) 475-2248, ext. 235 Fax: (250) 475-2281 StelNet Contact: Giuseppe Vargiu, Managing Director Stelnet.com Email: wbid@stelnet.com Tel: +39-070-503093, +39-348-7811100 Fax: +39-070-520959
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