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Press Release
February 16, 2000
Research In Motion And Bid.Com To Enter Into Strategic Alliance
Alliance to Bring Together eCommerce and Wireless Technologies
Waterloo, ON - Research In Motion Limited (Nasdaq: RIMM; TSE: RIM), a world leader in the mobile communications market and Bid.Com International Inc. (Nasdaq: BIDS, TSE: BII), a leading online eCommerce company, today announced plans to enter into a strategic alliance.
Bid.Com International Inc. and Research In Motion Limited have today confirmed plans to develop and market products and services that allow secure wireless interaction and eCommerce transactions utilizing Bid.Com's on-line auction products and services and RIM's wireless products and services. The companies will focus on developing wireless auction applications for business-to-business and business-to-consumer markets based on RIM's wireless handhelds. The two companies will also engage in joint business development activities to foster solutions based on RIM's BlackBerry Internet Edition and Bid.Com's on-line auctions and eCommerce technology.
"Business-to-business users need both timely information and transaction security to benefit from mobile commerce," said David Werezak, VP Marketing at Research In Motion. " The 'Always On, Always Connected™' design of RIM wireless handhelds supports these requirements and allows on-line auction applications to be enhanced and extended to mobile environments."
"Strategic alliances and partnerships with leading edge technology companies such as Research In Motion will continue to be an important part of our business strategy." commented Mr. Jeff Lymburner, President and CEO of Bid.Com International Inc. "This is another example of the increasing acceptance of our technology platform and the continual growth of "powered by Bid.Com" solutions in the business to business sector."
About Bid.Com International Inc.
Bid.Com, founded in 1995, is one of eCommerce's leading international online sales and marketing organizations, with offices in Toronto, Ontario, Tampa, Florida, Dublin, Ireland and Melbourne, Australia. The company offers a compelling, entertaining and cost-effective method of selling a wide array of goods and services over electronic distribution channels. Bid.Com is strategically positioned to leverage its business-to-consumer technological leadership by offering the pre-eminent online auction platform for co-ventures into business-to-business markets, developing and implementing custom branded eCommerce solutions and for distribution through broadband/cable media. In addition to strategic alliances with CapGemini, NBCi through ValueVision Interactive, Sprint Canada, America Online, Chapters.ca and Rogers New Media, the company has announced alliances in the heavy machinery, automotive and travel sectors through Point2 Internet Systems, MegaWheels and SCS Solars respectively. The company's shares trade on both the Nasdaq National Market and the Toronto Stock Exchange. Web site: www.bid.com.
About Research In Motion
Research In Motion Limited is a leading designer, manufacturer and marketer of innovative wireless solutions for the mobile communications market. Through development and integration of hardware, software and services, RIM provides solutions for seamless access to time-sensitive information including email, messaging, Internet and intranet-based applications. RIM technology also enables a broad array of third party developers and manufacturers in North America and around the world to enhance their products and services with wireless connectivity. RIM's portfolio of award-winning products includes the RIM Inter@ctive™Pager product line, the BlackBerry™ wireless email solution, wireless personal computer card adapters, embedded radio-modems and software development tools. Founded in 1984 and based in Waterloo, Ontario, RIM is listed on the Nasdaq Stock Market (Nasdaq: RIMM) and the Toronto Stock Exchange (TSE: RIM). Investors may contact investor_relations@rim.net. Customers may contact info@rim.net. Web site: www.rim.net.
Research In Motion, RIM, the RIM logo, Inter@ctive, Inter@ctive Pager, BlackBerry, the BlackBerry logo and 'Always On, Always Connected' are trademarks of Research In Motion Limited. Research In Motion and RIM are registered with the U.S. Patent and Trademark Office. All other brands, products and company names mentioned herein may be trademarks or registered trademarks of their respective holders. Forward-looking statements in this news release are made pursuant to the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, risks relating to possible product defects and product liability, risks related to international sales and potential foreign currency exchange fluctuations, risks related to the year 2000 issue, continued acceptance of RIM's products, increased levels of competition, technological changes, dependence on intellectual property rights and other risks detailed from time to time in RIM's periodic reports filed with the United States Securities and Exchange Commission and other regulatory authorities.