VICTORIA, B.C., July 24, 2000 (PRIMEZONE) -- Worldbid.com and freightquote.com have signed a strategic agreement to provide Worldbid's users with complete shipping solutions.
Forbes has just selected freightquote.com as one of the top 200 B2B Internet companies. Worldbid's COO, Paul Wagorn says, "Worldbid.com is pleased to be allied with a company endorsed by Forbes' strict criteria." Forbes' Best of The Web companies are judged not only on their "strategy" and "execution," but also on their "financial staying power."
For its part, freightquote.com is, "pleased to be allied with one of the largest B2B trade resources on the web," says Chairman and CEO, Tim Barton.
"freightquote revolutionizes traffic management," says Mr. Wagorn. Worldbid's users can now schedule pick-up and delivery anywhere in North America without ever leaving the site. It's easy: Worldbid users submit shipping requirements - load size, destination and delivery schedule - and freightquote.com provides a list of the best vendor and price options. Online tracking and record keeping make follow-up easy and efficient. "freightquote.com's volume discounts save our customers money and their real-time shipping quotes and automated documents save them time."
About Worldbid.com
Worldbid.com is an on-line, business-to-business site that brings together buyers and sellers from around the world for interactive trade. Worldbid's multilingual, international network provides small and medium-sized companies the same access to global markets as that available to larger, international companies. Worldbid currently provides more than $1 trillion in buy and sell leads in over 1,000 vertical trade categories, from cosmetics to steel, and from housewares to industrial chemicals. The site is quickly becoming one of the busiest global trade sites in the world - more than 100 new users register a day and 1,000 unique trade leads are posted to the site each day.
The freightquote.com deal is the latest in Worldbid.com's strategy to become the world's top resource for international trade by supplementing its solid trade leads with value-added services for buyers and sellers around the world. Worldbid.com provides opt-in e-mail notifications in users' categories, on-line auctions, trade news, website and catalog building, document posting, and now shipping solutions.
Shares in Worldbid.com are traded on the New York NASD OTCBB under the symbol "WBID."
About freightquote.com
freightquote.com is a leading B2B freight logistics company that provides comprehensive shipping solutions. Headquartered in Kansas City, the company is a one-stop source for multiple modes of transportation that simplifies, expedites and lowers the cost of shipping freight.
Launched in May of 1999, freightquote.com has enrolled more than 13,000 commercial customers and developed strategic relationships with more than 60 national and regional carriers. freightquote.com's traffic management includes real-time quotes, competitive pricing, automated record keeping and 24-hour tracking.
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.