Bid.Com to Provide Online Auction Services to ValueVision Interactive / Relationship Enhances Newly Realized Television/Internet Convergence

TORONTO and MINNEAPOLIS (PROTEXT) - Bid.Com International Inc.(Nasdaq: BIDS; Toronto: BII), one of North America's leadingonline auction companies, today entered into an exclusive three-year technology services and licensing agreement with ValueVisionInteractive Inc. (VVI), the wholly owned e-commerce subsidiary ofValueVision International, Inc. (Nasdaq: VVTV). Under the terms of the agreement, Bid.Com will provide acomplete e-commerce solution for VVI's "Dutch Auction" componentof ValueVisionInteractive's recently announced "Snap TV" brand.Bid.Com will also be a partner in several future projectsinvolving television and Internet convergence. In return forVVI's use of Bid.Com's "Dutch Auction" technology in the U.S.,Bid.Com will receive undisclosed fees and percentages of futurerevenues. The two companies will also jointly develop consumerapplications for personalized marketing software using advancedcollaborative filtering technologies. On September 15, 1999, ValueVision International Inc., and NBCInternet (NBCi), to be formed, subject to shareholder andregulatory approval, as a result of the proposed merger ofSnap.com, XOOM.com (Nasdaq: XMCM) and several Internet assets ofNBC, announced strategic commerce initiatives under the brandsSnapTV 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.comInternet shopping service will be launched together with a wide-ranging direct e-commerce strategy. "We are excited to be a key strategic partner to VVI as itwidens the boundaries of online home shopping," stated JeffLymburner, CEO of Bid.Com International Inc. "As we move towardsthe convergence of Internet and television, this relationship hasthe potential to expand our audience by many millions ofviewers." Cary Deacon, President of ValueVision Interactive, Inc. said:"The Bid.Com relationship and technologies will affordValueVision Interactive's SnapTV brand with incrediblepromotional and transactional capabilities on the Internet thatwill roll across to our cable television network in the future." The companies expect to test and launch this technology inseveral stages beginning in the fourth quarter of 1999. "Beingselected as a VVI partner is a further example of our technicalteam's leadership in the interactive field," continued Lymburner."Bid.Com has demonstrated the value of using live Internetauction events to improve the quality of the online shoppingexperience. This partnership with VVI demonstrates the twocompanies' belief in the convergence of the Internet andtelevision." About ValueVision International Inc. ValueVision International, Inc. is an integrated electronicdirect marketing company operating a television home-shoppingnetwork. The Company offers live programming 24 hours per day, 7days a week broadcasting to approximately 32 million cable homes(as of September 14, 1999). In July 1999, ValueVision International announced theformation and launch of VVI, a wholly owned e-commerce subsidiarythat will launch an internet shopping service featuring onlinepurchasing opportunities of SnapTV merchandise, streaming videoof SnapTV's cable channel, short form video representations ofproducts and auctions, together with online e-commerceopportunities offered by SnapTV's merchant partners. VVI is alsoresponsible for pursuing and managing ValueVision's series of newinvestments and strategic alliances in Internet ventures, workingclosely with its partners NBC, GE Capital Equity Investments andNBC Internet. ValueVision International, Inc. and NBC Internet, which willbe formed, subject to shareholder and regulatory approval, as aresult of the proposed merger of Snap.com, XOOM.com and severalInternet assets of NBC, are undertaking strategic commerceinitiatives under the brands SnapTV and SnapTV.com.ValueVision's home shopping cable television network will be re-branded SnapTV and a companion SnapTV.com Internet shoppingservice will be launched together with a wide-ranging direct e-commerce strategy. The Company's shares are traded on the Nasdaq Stock Marketunder the symbol VVTV. For additional information on ValueVisionplease visit the Company's web site at http://www.vvtv.com or byfax, at no cost, dial 1-800-PRO-INFO, and enter code VVTV. About Bid.Com International Inc. Bid.Com, founded in 1995, is one of e-commerce's leadingonline auction sales organizations, with offices in Toronto,Ontario, Tampa, Florida and Dublin, Ireland. The company offersa compelling, entertaining and cost-effective method of selling awide array of goods and services over electronic distributionchannels. Bid.Com is strategically positioned to leverage itsbusiness-to-consumer technological leadership by offering thepre-eminent online auction platform for co-ventures intobusiness-to-business markets, licensing custom branded e-commercesolutions and for distribution through broadband/cable media. Inaddition to strategic alliances with America Online and RogersNew Media, the company has recently announced an alliance withSCS Solars offering discounted travel products to the growingbusiness-to-business market and a joint venture with Point2Internet Systems providing e-commerce technology and onlineauction capabilities for the used heavy equipment market. Thecompany's shares trade on both the Nasdaq National Market and theToronto Stock Exchange. This news release may include comments that do not referstrictly to historical results or actions and may be deemed to beforward-looking within the meaning of the Safe Harbor provisionsof 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 uncertaintiesthat may cause the results of Bid.Com and VVI (the "companies")to differ materially from expectations. Important factors andrisks that could cause results to differ materially from those inany such forward-looking statements include: consumer spendingand debt levels; interest rates; competitive pressure on salesand pricing; the maintenance of ValueVision's programming; thepossibility that ValueVision's revenues and cable distributionwill not continually increase; that e-commerce will not besuccessful; that other strategic alliances (including the GEEquity and NBC alliance) may not result in increased revenues,earnings or subscribers; that shareholders or regulators will notapprove the proposed NBC Internet merger; the risks ofinfringement of intellectual property rights; reliance onstrategic relationships; Bid.Com's ability to further develop itsbusiness-to-business and licensing businesses, its ability todevelop appropriate strategic alliances and successfuldevelopment and implementation of technology, acceptance of itsproducts and services, competitive factors, new products andtechnological changes, and other such risks the companies mayidentify and discuss from time to time, including those risksdisclosed in Bid.Com's amended Form 20-F filed with theSecurities and Exchange Commission and risks and uncertaintiesdisclosed in ValueVision International, Inc.'s Annual Report onForm 10-K for the year ended January 31, 1999, quarterly reportson Form 10-Q and current reports on Form 8-K filed with theSecurities and Exchange Commission. Accordingly, there is nocertainty that the companies' plans will be achieved. To receive additional information on Bid.Com InternationalInc. via fax, at no charge, from the U.S dial 1-800-PRO-INFO orfrom Canada dial 201-432-0955 and enter code BIDS. ots OriginalText Service: Bid.Com International, Inc. Internet:http://www.newsaktuell.de CONTACT: Greg Bewsh, Vice President,Investor Relations of Bid.Com, 905-672-7467 ext. 322, Fax 905-672-9928 or E-mail, investorrelations@bid.com; or Cary Deacon,President of ValueVision Interactive, 612-947-5200 or E-mail,cdeacon@vvtv.com; General, Alison Ziegler, Analysts, BarbaraManley and Media, Claudine Cornelis, 212-661-8030, all of FRB forBid.Com; or General, Haris Tajyar, 310-442-0599, Analysts, TracyGutwillig, 312-266-7800 and Media, Marjorie Ornston, 310-442-0599, all of FRB for ValueVision/ Web site: http://www.vvtv.comWeb site: http://www.bid.com

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