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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
PURSUANT to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
Filing No. 2 for the month of September, 1999
Bid.Com International Inc.
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(Exact name of Registrant)
6725 Airport Road, Suite 201, Mississauga, ON, Canada L4V 1V2
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes No X
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BID.COM INTERNATIONAL INC.
On or about September 21, 1999, Bid.Com International Inc. (the "Company")
announced that it has entered into an exclusive three-year technology services
and licensing agreement with ValueVision Interactive Inc. ("VVI"), the wholly
owned e-commerce subsidiary of ValueVision International, Inc. ("ValueVision").
Under the terms of the agreement, the Company will provide a complete e-
commerce solution for VVI's "Dutch Auction" component of VVI's recently
announced "Snap TV" brand. The Company will also be a partner in several future
projects involving television and Internet convergence. In return for VVI's use
of Bid.Com's "Dutch Auction" technology in the United States and certain related
services to be provided by Bid.com, the Company will receive undisclosed fees
and percentages of future revenues. The two companies will also jointly develop
consumer applications for personalized marketing software using advanced
collaborative filtering technologies.
The companies expect to test and launch this technology in several stages
beginning in the fourth quarter of 1999.
ValueVision is an integrated electronic direct marketing company operating
a television home-shopping network. ValueVision offers live programming 24 hours
per day, 7 days a week broadcasting to approximately 32 million cable homes.
On September 15, 1999, ValueVision International Inc., and NBC Internet
(NBCi), an entity to be formed, subject to shareholder and regulatory approval,
as a result of the proposed merger of Snap.com, XOOM.com (NASDAQ: XMCM) and
several Internet assets of NBC, announced strategic commerce initiatives under
the brands SnapTV and SnapTV.com. Under the terms of the agreement,
ValueVision's home shopping cable television network will be re-branded SnapTV
and ValueVision Interactive's companion SnapTV.com Internet shopping service
will be launched together with a wide-ranging direct e-commerce strategy.
This Form 6-K 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 and cash flows.
Forward-looking statements are subject to risks and uncertainties that may cause
results of Bid.Com and VVI (the "companies") to differ materially from
expectations. Important factors and risks that could cause results to differ
materially from those in any such forward-looking statements include: consumer
spending and debt levels; interest rates; competitive pressure on sales and
pricing; the maintenance of ValueVision's programming; the possibility that
ValueVision's revenues and cable distribution will not continually increase;
that e-commerce will not be successful; that other strategic alliances
(including the GE Equity and NBC alliance) may not result in increased revenues,
earnings or subscribers; that shareholders or regulators will not approve the
proposed NBC Internet merger; the risks of infringement of intellectual property
rights; reliance on strategic relationships; Bid.Com's ability to further
develop its business-to-business and licensing businesses, its ability to
develop appropriate strategic alliances and successful development and
implementation of technology, acceptance of its products and services,
competitive factors, new products and technological changes, and other such
risks the companies may identify and discuss from time to time, including those
risks disclosed in Bid.Com's amended Form 20-F filed with the Securities and
Exchange Commission and risks and uncertainties disclosed in ValueVision's
Annual Report on Form 10-K for the year ended January 31, 1999, quarterly
reports on Form 10-Q and current reports on Form 8-K filed with the Securities
and Exchange Commission. Accordingly, there is no certainty that the companies'
plans will be achieved.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BID.COM INTERNATIONAL INC.
Date: September 22, 1999 By: /s/ Paul Hart
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Name: Paul Hart
Title: Chief Financial Officer
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