Newsroom : Heavy Equipment Press Releases

Point2 Technologies Wins Achievement In Business Excellence (ABEX) Award

scorbett — Mon, 26 Oct 2009 15:44:00 GMT

Saskatoon, SK and Vancouver, BC – Point2 Technologies was recognized by the Saskatchewan Chamber of Commerce with the prestigious Achievement in Business Excellence (ABEX) Award at a dinner gala held last Saturday night at TCU Place in Saskatoon, SK. Nearly 700 government and business personalities attended this year’s high profile event, organized by the Saskatchewan Chamber of Commerce to celebrate the accomplishments of 52 exceptional businesses in the province of Saskatchewan.

The annual ABEX Awards program is the largest private sector business awards program in the province of Saskatchewan. Now in its 26th year, the ABEX Awards recognize outstanding Saskatchewan based businesses for excellence in a number of categories. 52 finalists from across the Province contended for the coveted Awards this year, across 14 different categories.

Point2 President and co-founder Barry Willick accepted the Award on behalf of Point2, for the Job Creation category. The Award recognizes Point2’s sustained growth between March 2008 and March 2009. During this period, Point2 increased its staff count by nearly 50 percent, in support of its rapidly expanding business.

“We dedicate this Award to our relentless, creative and hard working staff members who make Point2 what it is,” said Willick. “The ABEX Award is a great privilege we also owe to the Saskatchewan Chamber of Commerce, the Saskatoon Chamber of Commerce and our local government for championing an aggressive growth strategy for Saskatchewan and for creating the right environment for business to thrive.”

Saul Klein, Point2’s Chief Executive Officer was out of the country and could not attend the ceremony.

Commenting from San Diego, Klein said: “We would like to thank and recognize the Saskatchewan Chamber of Commerce and its leadership for their constant efforts towards making Saskatchewan a business friendly province,” said Saul Klein, Chief Executive Officer, Point2 Technologies Inc. “We are honoured to have been selected for the ABEX Award this year and extend a special thanks to the Chamber of Commerce and the ABEX Awards Committee for organizing this valuable program.”

“We applaud the efforts of Point2. Their tremendous growth in a sector not typically associated with Saskatchewan shows the power of out-of-the-box thinking and innovation,” noted Saskatchewan Chamber of Commerce CEO, Steve McLellan. “They are a great Saskatchewan success story and truly deserve this award.”

Point2’s ABEX accomplishment comes at the heels of the company’s selection to the ‘Top 20 Employers in Saskatchewan for 2010’ earlier this month, as part of a nationally recognized Awards program organized by Mediacorp Canada Inc.

More information about the ABEX Awards can be found at http://www.saskchamber.com/default.aspx?page=49.

About Point2 Technologies Inc.
Point2 Technologies develops and markets web-based inventory management and online marketing software solutions for the real estate (www.Point2Agent.com) and heavy equipment industries (www.Point2Manager.com).

Point2 also owns and operates the real estate consumer portal, Point2 Homes (www.Point2Homes.com), and the used heavy equipment marketplace, UsedIron (www.UsedIron.com). More information can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Media Contact:

Point2 Technologies Inc.
Roger Noujeim
Vice President of Public Relations
Toll Free: 1-888-955-7900 (U.S. and Canada)
E. rnoujeim@point2.com

Point2 Technologies Boosts Photo Upload Capacity on UsedIron.com and Manager Platform to 36 Per Listing

scorbett — Tue, 21 Apr 2009 07:24:00 GMT

Upgrade Improves Consumer Experience Online – Positions Equipment Dealers for Higher Visibility and Impact with Buyers

Saskatoon, SK and Vancouver, BC, – Point2 Technologies (“Point2”) today announced system upgrades to its global equipment search portal, UsedIron (www.UsedIron.com) and to Point2 Manager (www.Point2Manager.com), the industry leading inventory management, sales and marketing software platform.

The release represents close to a five fold increase in photo upload capacity on both systems.

“Our data indicates that listings with more photos engage more prospects longer, and generate significantly more leads,” said Zach Scott, Chief Operating Officer, Point2 Technologies. “With the majority of buyers doing their research on the Internet for both machinery and dealers, we are enabling our clients to capitalize on evolving online consumer expectations, without much effort and at no added cost to them.”

According to the Wells Fargo Construction Industry Forecast 2009 report, 73 percent of contractors and 89 percent of equipment distributors use the Internet to locate hard to find items. 66 percent and 86 percent state that they use the Web to research and to locate suppliers, respectively.

“Online buyers are skipping listings with few or no photos, and spending more time on listings with more to look at, especially in the used equipment category,” added Scott. “The segment is expected to benefit from a significant surge in purchasing budgets this year. Vendors positioned to capture more online buyer interest will stand to benefit from the trend, and we’re pleased to be in a position to facilitate such as opportunity for our clients.”

Representing a 140 percent increase versus 2008, the number of contractors who plan to purchase used equipment in 2009 grew to 48 percent, up from only 20 percent last year, according to the Wells Fargo Report.

Taking the hassle out of the photo upload process, Point2 Manager users can automatically resize and upload multiple photos for posting on UsedIron and other online marketplaces, with Point2’s unique, patented PUF (Photo Upload Facility) technology.

With a single click of the mouse, users can now also produce and issue professional looking quotes and equipment brochures that feature up to 36 photos, for maximum impact.

About Point2 Technologies

Point2 Technologies develops and markets web-based e-commerce and online marketing software solutions for the real estate and heavy equipment industries.

Point2 also owns and operates the real estate consumer portal, Point2 Homes, (www.Point2Homes.com) and the used heavy equipment marketplace, UsedIron (www.UsedIron.com). More information can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Press Contact

Roger Noujeim
Point2 Technologies Inc.
Vice President of Public Relations
Toll Free: 1-888-955-7900 (U.S. and Canada)
E. rnoujeim@point2.com

Point2 Technologies Announces Senior Executive Promotions

scorbett — Tue, 03 Feb 2009 09:01:00 GMT

Zach Scott and Aidan Rogers in New Leadership Posts Deepens Management Core and Supports Growth Plans

SASKATOON, SK and Vancouver, BC, – Point2 Technologies Inc. (“Point2”) today announced the promotion of Zach Scott and Aidan Rogers to new leadership roles.

Zach Scott, formerly Point2 Chief Technology Officer has been promoted to the post of Chief Operating Officer. As a key member of the executive team, Scott will be responsible for operational management and improvement, working with the company’s leadership to deliver and ensure the company’s success worldwide.

Aidan Rogers has been promoted to Chief Technology Officer, assuming Scott’s former role. Effective immediately, Rogers also joins the Point2 executive management team. Rogers will oversee Point2’s systems and technology development across the company’s business divisions. Rogers most recently held the position of Development Manager.

“We are fortunate to have Zach Scott and Aidan Rogers fill such important roles,” said Saul Klein, Chief Executive Officer, Point2 Technologies. “Zach is a well respected leader who makes things happen. He is ideally positioned and ready for this role. With Aidan Rogers spearheading our technology efforts, Point2 will continue to improve on what are already the leading web marketing tools available in the real estate industry.”

“We’re proud to be able to offer a work environment where top talent is willing to move great distances to join our team, where promotion from within is part of the culture and where people can look forward to long term careers working with world class professionals and leading edge Internet technology,” said Barry Willick, President, Point2 Technologies.

“I am very excited with the challenge and the opportunity to make a difference at the operational level,” said Zach Scott. “It is a privilege to participate in Point2’s growth and innovation. 2009 will be a year of innovation and vision as the market begins to shift and awareness of our products and services reaches new levels.”

Point2 staff has grown by 25 percent over the past twelve months. The company continues to seek highly skilled professionals for its development, systems, quality assurance and customer support teams.

About Point2 Technologies Inc.

Point2 Technologies develops and markets web-based e-commerce and online marketing software solutions for the real estate and heavy equipment industries. In real estate, Point2 is the largest independent provider of website and listing syndication software for real estate professionals (www.Point2Agent.com), with customers in over 100 countries. Point2’s real estate user base continues to grow by over 1200 additional members each week. Point2 also owns and operates the real estate consumer search portal, Point2 Homes (www.Point2Homes.com).

In the heavy equipment industry, Point2 is a leading provider of e-commerce, inventory management and sales and marketing solutions (www.Point2Manager.com), powers Caterpillar Inc.’s global heavy equipment dealer network (www.CATused.com) and owns and operates www.UsedIron.com, one of the largest used equipment venues online.

Founded in 1996, Point2 Technologies is privately held and employs a staff of 125 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. More information can be obtained at www.Point2.com.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Press Contact

Point2 Technologies Inc.

Roger Noujeim
Vice President of Public Relations
Toll Free: 1-888-955-7900 (U.S. and Canada)
E. rnoujeim@point2.com

Point2 Technologies Promotes Zach Scott to Chief Technology Officer

scorbett — Mon, 21 Apr 2008 10:18:00 GMT

Saskatoon, SK and Vancouver, BC, April 21, 2008 – Point2 Technologies Inc. (“Point2”) today announced the promotion of Zach Scott to Chief Technology Officer (CTO), effective April 11, 2008. As CTO, Scott will play a key leadership role, working closely with the Point2 management team to drive continued innovation and development of Point2’s technology strategy and vision. He continues to assume the lead of Point2’s technology development, across the company’s business divisions, as well as responsibility for aligning the company’s technology infrastructure to support strategic growth and expansion plans.

Scott brings to the new post 13 years of technology and software development experience, including 10 years as a senior level technical consultant. During his career, Scott built and led cutting-edge teams at a number of high profile organizations including CGI Group Inc. and, AudeSi, later acquired by Wind River Systems where Scott led development of the company’s world class web based managed network switching software today used in most Cisco and Nortel switches and routers.

Scott is also co-founder of two technology companies including Calgary-based Cambrian House, where he last was Chief Technology Officer and member of the company’s Board of Directors.

“We’re pleased to appoint Zach as CTO,” said Saul Klein, Chief Executive Officer, Point2 Technologies. “In the short time that Zach has been with Point2, he has demonstrated exceptional leadership abilities. He has also introduced progressive technology development processes that have delivered solid productivity gains and that will enable Point2 to further accelerate time to market with advanced solutions to serve our customers.”

“Zach has a track record building outstanding teams and technology. His entrepreneurial vision and unwavering focus on customer needs are characteristics we value highly at Point2,” said Barry Willick, President, Point2 Technologies. “We are thrilled to welcome Zach to our leadership team.”

“Point2 is the leader in the markets that it serves, and is poised to capitalize on its unique Internet technologies to extend this position and pursue new markets in the future,” said Zach Scott, Chief Technology Officer, Point2 Technologies. “I am excited to be part of this exceptional team that has consistently set industry benchmarks and is focused on building advanced technology that customers can easily apply to help them compete more effectively and dominate their fields.”

Scott will report to Point2 President, Barry Willick and will work as part of the executive team at Point2’s headquarters in Saskatoon, SK. He joined Point2 in June 2007 and most recently held the position of Director of Systems Development.

About Point2 Technologies Inc.

Point2 Technologies develops and markets web-based software solutions for the real estate and heavy equipment industries. In real estate, Point2 is the largest independent provider of website and listing syndication software for real estate professionals, with over 183,000 brokers and agents subscribing to the Point2 platform, in over 100 countries. Point2’s user base continues to grow by more than 1000 additional members each week. Point2 also owns and operates the real estate consumer search portal, Point2 Homes (www.Point2Homes.com).

In the heavy equipment industry, Point2 is one of the largest providers of e-commerce solutions, powers Caterpillar Inc.’s global heavy equipment dealer network and owns and operates www.UsedIron.com, one of the largest used equipment venues online.

Founded in 1996, Point2 Technologies is privately held and employs a staff of 100 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. More information can be obtained at www.Point2.com.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Media contact:

Roger Noujeim
Vice President of Public Relations
Point2 Technologies Inc.
Toll Free: 1-888-955-7900 (U.S. and Canada)
Tel. 1-604-675-9393 Ext. 224
rnoujeim@point2.com

Parker Pacific Equipment Streamlines Inventory Management and Trade-In Equipment Assessment with Point2 Technologies Solution

scorbett — Wed, 09 Apr 2008 11:04:00 GMT

Saskatoon, SK and Vancouver, BC, April 09, 2008 - Point2 Technologies Inc. (“Point2”) today announced that Parker Pacific Equipment Sales, a division of The Inland Group and one of Western Canada’s leading heavy equipment dealers has implemented the Point2 Manager software platform to streamline inventory management, data entry and trade-in equipment assessment processes. The advanced sales, marketing and inventory management system has been rolled out across Parker Pacific’s 14 locations in British Columbia and the Yukon.

Addressing a significant business need and opportunity typical in the industry, standardizing trade-in equipment assessment and data capture now enables Parker Pacific to more comprehensively and accurately evaluate used equipment arriving at its yards, benefiting both seller and buyer while optimizing profits for the dealership.

Leveraging Point2 Manager to capture and mine equipment data now also provides Parker Pacific with a benchmarking base that can be used to accelerate the assessment and valuation process of incoming equipment, going forward, to help drive additional productivity gains for the organization.

“We went from ad hoc trade-in assessments, inconsistent paper-based feature and condition lists, and a time consuming process, to a streamlined, highly efficient and cost effective approach in less than three months,” said Tracey Russell, Used Equipment Manager, Parker Pacific Equipment.

“We’re pleased to work with yet another progressive organization such as Parker Pacific and to see the benefits of Point2 Manager take hold in such a short time. The key enabler was Parker Pacific’s aggressive vision, but importantly, the leadership team’s commitment to a full roll out and adoption across the organization,” said Mark Fuller, Senior Sales Executive, Point2 Technologies, Heavy Equipment Division.

Added Russell, “We’ve also eliminated duplicate data entry for our entire inventory of used, new and rental equipment between our corporate systems and website, which used to be pretty taxing. It led to inconsistencies and, we feel, lost profits. With Point2 Manager in place we’re now saving significant time and effort, and equipment information is more accurate and up to date across the board, with little effort. We look forward to putting to work additional Point2 Manager capabilities in the near future.”

Parker Pacific is now in a position to capitalize on additional Point2 Manager built-in system functionality such as Manager Mobile, which delivers detailed equipment information to Blackberry, PDA and other Smart Phone devices, giving sales teams instant access to critical information be it at the office, in the yard or on the road.

Marketing features such as quotes, brochures and inventory reports automate and simplify quotations and professional looking marketing collateral for added efficiency and impact with prospective customers.

More information about Point2 Manager can be obtained at www.Point2Manager.com

About Point2 Technologies Inc.

Point2 Technologies develops and markets web-based software solutions for the heavy equipment and real estate industries. In the heavy equipment industry, Point2 is one of the largest providers of e-commerce solutions, powers Caterpillar Inc.’s global heavy equipment dealer network and owns and operates UsedIron.com, one of the world’s largest public used equipment marketplaces online.

In real estate, Point2 is the largest independent provider of website and listing syndication software for real estate professionals, with over 180,000 brokers and agents subscribing to the Point2 platform, in 85 countries. Point2’s real estate user base continues to grow by over 1000 additional members each week. Point2 also owns and operates the real estate consumer search portal, Point2 Homes.

Founded in 1996, Point2 Technologies is privately held and employs a staff of 100 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. More information can be obtained at www.Point2.com.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Media contact:

Roger Noujeim
Vice President of Public Relations
Point2 Technologies Inc.
Toll Free: 1-888-955-7900 (U.S. and Canada)
Tel. 1-604-675-9393 Ext. 224
rnoujeim@point2.com

Point2 Technologies Appoints Walt Baczkowski to Board of Directors

scorbett — Thu, 31 Jan 2008 08:30:00 GMT

Saskatoon, SK and Vancouver, BC – January 31, 2008 – Point2 Technologies Inc. (“Point2”) today announced the appointment of to its Board of Directors, effective February 01, 2008.

Mr. Baczkowski, RCE/CAE brings to Point2 nearly three decades of senior level experience in the real estate industry. Mr. Baczkowski is currently Chief Executive Officer of the Metropolitan Consolidated Association of REALTORS® in Oakland, and Macomb County, Michigan. During his extensive career in the industry, Mr. Baczkowski has also served as Executive Officer of the Toledo Association of REALTORS®, the San Diego Association of REALTORS® and the New Jersey Association of REALTORS®.

“On behalf of our Board of Directors, I’d like to welcome one of the real estate industry’s most respected leaders to Point2,” said Saul Klein, Chief Executive Officer, Point2 Technologies. “My relationship with Walt Baczkowski dates back to 1988. I’ve had the privilege to work with Walt over the years, helping the real estate industry to understand and adopt the web, including the adoption of pioneering initiatives such as REALTOR.com which we together helped grow to over 500,000 listings in 1995/96. I am excited to be able to work with Walt again, this time to unleash the full potential of Point2.”

“We will continue to build partnerships and seek leadership that will assist us in strengthening Point2’s position and ability to serve our customers across the industries that we serve, currently including the heavy equipment and real estate industries,” added Klein.

“I’m really looking forward to working with Saul and the Point2 Board,” said Walt Baczkowski, Chief Executive Officer, Oakland Metropolitan Consolidated Association of REALTORS®. “The real estate industry is going through significant changes. REALTORS® need to be up to date with the latest technology and methods to retain their position in the real estate transaction. Today our clients, the consumer at large, communicate and receive information in an entirely different manner and format than they did even two years ago. REALTORS® must have the resources, and know how to communicate with consumers the way consumers are accustomed. Point2 provides the business solutions the profession needs to meet current and future consumer needs.”

About Point2 Technologies Inc.

Point2 Technologies provides online marketing and eBusiness software solutions for the real estate and heavy equipment industries. Leveraging Point2 proprietary and patented technology, Point2 develops and markets software solutions that enable organizations to conduct business over the Internet more easily and more profitably. The Company is the largest provider of online marketing and lead management software for real estate professionals, with over 171,000 brokers and agents subscribing to Point2 NLS (National Listing Service), in 85 countries. Membership in Point2 NLS continues to grow by over 1000 additional members each week. Point2 is also one of the largest providers of e-commerce solutions to the heavy equipment industry, powers Caterpillar Inc.’s global heavy equipment dealer network and owns and operates UsedIron.com, one of the largest used equipment venues online.

Founded in 1996, Point2 Technologies is privately held and employs a staff of 100 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. More information can be obtained at www.Point2.com.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Media contact:

Roger Noujeim
Vice President, Public Relations
Point2 Technologies Inc.
Toll Free: 1-888-955-7900 (U.S. and Canada)
Tel. 1-604-675-9393 Ext. 224
rnoujeim@point2.com

Point2 Technologies Executive Role

scorbett — Thu, 20 Sep 2007 11:55:00 GMT

Saskatoon, SK and Vancouver, BC – September 20, 2007 – Point2 Technologies Inc. (“Point2”) today announced that following the resignation of its former CEO, Wendell Willick last week, his responsibilities have been assumed by Point2’s existing and long time executive leadership team.

“While unfortunate, the events are completely unrelated to the business of Point2 and have no effect on our business,” said Brendan King, Point2 Technologies chief operating officer. “Our focus remains completely on our customers and on driving breakthrough technologies that set consistently set new benchmarks and position our customers to dominate their field.”

Mr. Willick had a hands off approach to the day to day operations of the business, with the heavy equipment and real estate business division leaders driving the vision, decisions and operations of the respective businesses.

Willick resigned amidst personal legal charges unrelated to the business of Point2.

About Point2 Technologies Inc.

Point2 Technologies provides online marketing and eBusiness software solutions for the real estate and heavy equipment industries. Leveraging Point2 proprietary and patented technology, Point2 develops and markets software solutions that enable organizations to conduct business over the Internet more easily and more profitably. The Company is the largest provider of online marketing and lead management software for real estate professionals, with over 150,000 brokers and agents subscribing to Point2 NLS, in 85 countries. Membership in Point2 NLS continues to grow by over 1000 additional members each week. Point2 is also one of the largest providers of e-commerce solutions to the heavy equipment industry, powers Caterpillar Inc.’s global heavy equipment dealer network and owns and operates UsedIron.com, one of the largest used equipment venues online.

Founded in 1996, Point2 Technologies is privately held and employs a staff of 100 at its headquarters in Saskatoon, SK and its Vancouver, BC offices. More information can be obtained at www.Point2.com.

Point2^® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Roger Noujeim
Director of Public Relations
Point2 Technologies Inc.
T. 604-675-9393 Ext. 224
C. 415-248-6335
E.rnoujeim@point2.com

Or, if unavailable:

Jason Golding
Chief Financial Officer and General Counsel
Point2 Technologies Inc.
T. 306-955-7900
C. 306-241-0069

Point2 Technologies Demonstrates Advanced Wireless Inventory Listing and Sales Productivity System for Heavy Equipment Dealers at 2007 AED Annual Meeting & CONDEX

scorbett — Mon, 15 Jan 2007 19:18:00 GMT

Vancouver, BC and Saskatoon, SK – January 15, 2007 – Point2 Technologies Inc. will conduct a series of interactive, live demonstrations and information sessions covering Point2 Largo, a highly advanced equipment listing platform and sales productivity system designed to empower dealer teams with complete, up to date, detailed inventory listings in the palm of their hands for wireless access anytime anywhere.

Who: Point2 Technologies Inc.
What: Live, interactive demonstrations of Point2 Largo. Point2 executives will showcase how progressive dealers today can harness the power of the Internet and advanced technologies like Microsoft® Pocket PC, to put their entire equipment inventories in the palm of their team’s hands, enabling anytime, anywhere access to listing photos, brochures and detailed information for enhanced competitiveness and operational efficiencies.
When: Tuesday January 16, 2007 and Wednesday January 17, 2007.
Where: 2007 AED Annual Meeting and CONDEX Construction Equipment Show Las Vegas Hilton, Las Vegas, Nevada, United States. - Tuesday and Wednesday, 7:00 AM and 8:00 AM. Two 45-minute sessions, both days. Conference meeting room # 3. AND - Booth # 610 Tuesday January 16, 2007, 10:30 AM to 5:00 PM. Wednesday January 17, 2007, 10:00 AM to 4:00 PM.

About Point2 Technologies Inc.
Point2 Technologies provides online marketing and eBusiness software solutions for the real estate and heavy equipment industries. Leveraging Point2 proprietary and patented technology, Point2 develops and markets software solutions that enable organizations to conduct business over the Internet more easily and more profitably. The company is the largest provider of online marketing and lead management software for real estate professionals, led by its flagship product, Point2 Agent, with nearly 110,000 subscribers in 85 countries. Point2 is also one of the largest providers of e-commerce solutions to the heavy equipment industry, powers Caterpillar Inc.’s global heavy equipment dealer network and owns and operates UsedIron.com, one of the largest used equipment venues online.

Point2® is a trademark of Point2 Technologies Inc. All other company and product names may be trademarks of the respective companies with which they are associated.

Media Contact

Roger Noujeim
Public Relations Director
Toll Free: 1-888-955-7900 ext. 224 (U.S. and Canada)
Tel: 1-604-675-9393
Mobile:1-415-248-6335
rnoujeim@point2.com

New Site, New Concept, No Fees - www.UsedIron.com

scorbett — Tue, 19 Apr 2005 16:18:00 GMT

Point2 Technologies Inc., owner and operator of the world’s largest online heavy equipment exchange, is pushing heavy equipment resale in new direction.

UsedIron.com has dropped its listing prices altogether. UsedIron.com will no longer charge for Premium advertising, nor take any commission on successful sales.

The site has been given an entirely new public face, with a sleeker look and simple, user-friendly navigation. The update aims to refresh the look of UsedIron.com, keeping the interface intuitive while providing more information to visitors.

UsedIron.com has been given more than just a facelift, however. Coinciding with the changes to the website is a re-thinking about how heavy equipment is sold online.

Finding that classified ads are often ignored, partially because they include no photos, UsedIron has made Premium Advertisements (which include photographs and detailed information) free of charge. “We’ve always said,” says Chad Placsko, Heavy Equipment Business Manager for Point2, “that we want to maintain the most vibrant equipment exchange in the world, period. Making Premium ads completely free is putting our money where our mouth is.”

From a business standpoint, Chester Hagen, VP of Sales, is excited about the change. “This is a call to action for anyone buying or selling heavy equipment. Not only are we encouraging users to create better, more detailed, photo-rich ads, we’re allowing them to do so without paying a cent.” In addition to charging no insertion fees for these advertisements, UsedIron takes no other fees or closing commission.

Point2’s successes in dealing heavy equipment online since 1996 have always involved bold decisions, and the new website and concept for UsedIron.com are no exceptions.

Canadian Patent Issued To Point2 Technologies

scorbett — Mon, 07 Mar 2005 16:17:00 GMT

Official patent status of Point2’s Photo Upload Facility gains ground as Point2 was recently issued an official patent in Canada. On February 22^nd, Point2 was granted patent number 2,315,278 for their photo resizing solution.

Developed in 1996, the Photo Upload Facility (PUF) is a multi-platform utility that takes the work out of working with photos, automatically resizing, re-sampling, and duplicating them while they are uploaded. The PUF tool is seamlessly integrated into both the Point2 Manager and Point2 Agent software solutions.

In addition to the Canadian patent, Point2 has already been granted a patent in the US and also has a patent application pending on PUF in the European Patent Office.

Point2 On 'The Edge' With Akamai Integration

scorbett — Sat, 04 Dec 2004 16:17:00 GMT

Point2 Technologies, Inc. has joined such technology giants as Apple, Microsoft, Oracle, and IBM in integrating Akamai’s Edgeplatform. Edgeplatform is the largest distributed computing network on Earth, consisting of nearly 15,000 servers in over 70 countries worldwide, and offers a level of scalability, stability, and security that is simply unavailable anywhere else.

Akamai’s network routinely handles up to 15% of all global web traffic, and is a significant contributor to the stability of the World Wide Web itself. Point2’s origin servers communicate directly with the Akamai servers which in turn communicate with Point2 clients. Because the Akamai servers are ‘on the edge,’ and are physically near to virtually every computer on earth, speed is dramatically increased, scalability becomes virtually boundless, and the strain placed on individual networks by wildly fluctuating traffic loads is minimized.

“The network stability, additional security, and performance gains realized by implementing Edgeplatform are immeasurably valuable for Point2” says Brendan King, Point2 Realty Solutions COO. “Because our web presence will constantly be maintained on all of Akamai’s remote servers as well as our own, our services will remain always-on, even in the event of some major unforeseeable local interruption. Add that to performance gains and absolute scalability, and Akamai’s service looks not only attractive, but indispensable.”

Point2’s relationship with Akamai will eventually implement many more of Akamai’s features than just Edgeplatform, once again raising efficiency and security to unparalleled levels in the interest of its customers.

CatUsed.com Website Undergoes Transformation - Reveals New Look

scorbett — Mon, 22 Nov 2004 16:16:00 GMT

Point2 Technologies in cooperation with Caterpillar Inc. recently revealed its new CatUsed.com website. Based on consumer testing and website statistics, website and software developer Point2 Technologies has redesigned CatUsed.com to make it more user-friendly as well as to improve online buyers’ shopping experiences.

Enhancements and improvements to the CatUsed.com website include:

1. Increased dealer locator visibility
By making the ‘Local Dealer’ concept more intuitive, Point2 has enabled users to contact local dealers for all their needs, quicker and easier than ever before.

2. Improved homepage load time
The significant increase in loading speed ensures that online users on any type of connection will be able to quickly and easily access the CatUsed.com website

3. Architecturally separated Public CatUsed website from My CatUsed and Dealer Catused
This change in layout will allow for future development and performance enhancements

4. Enhanced My CatUsed Selling features

5. Enhanced existing PDA functionality

Online users should expect an improved browsing experience when surfing CatUsed.com and existing Cat dealers should enjoy increased web traffic with the implementation of the various features. Additional website upgrades and planned development are already underway for the next release.

Visit the Catused.com website today.

Point2 Largo recognized for software innovation

scorbett — Mon, 26 Jul 2004 16:15:00 GMT

Point2 Largo was recently acknowledged for its innovation in software development by prominent review guide, Pocket PC Magazine. Largo was recently featured in a recent issue of the magazine under the New Product Report section. The magazine and online website has also profiled and indexed Point2 under its ‘Encyclopedia of Software and Accessories‘.

Developed and owned by Point2, Largo is an extremely powerful and completely mobile sales tool designed for distributors of heavy construction equipment. Using the latest Microsoft .Net technology, Largo runs on a PDA and in combination with Microsoft’s® Pocket PC® technology, allows a heavy equipment dealer's complete inventory to be accessed on a Pocket PC without the requirement of an Internet connection. Learn more about Largo at www.point2manager.com.

Launched in 1997, Pocket PC Magazine focuses on all aspects of Windows Mobile including hardware and related software and accessories. From product reviews to discussion forums, the magazine has expanded into a comprehensive website that includes information on cutting edge Windows technology.

CatUsed.com, Point2 Gaining Global Ground

scorbett — Mon, 20 Oct 2003 15:58:00 GMT

Since announcing the exclusive licensing agreement between Point2 Technologies Inc. and Caterpillar Inc. in June 2001, CatUsed.com has become a highly recognized and highly trafficked website. Through the licensing agreement, Point2 has provided Caterpillar with technology that has been seamlessly integrated with their existing business systems and has provided their dealer network with the very latest Internet-based sales and marketing tools.

The new Point2-powered CatUsed Suite was launched in May of 2002, providing Caterpillar with a truly world-class system enabling CAT Dealers to offer used heavy equipment to the international marketplace.

Today, the CatUsed system has become a critical business application to dealers across North America and has resulted in 100% North American dealer participation. Since the launch of the CatUsed.com website, traffic has increased tenfold in one year. Approximately 8,000 Caterpillar machines are viewed each day through both the Point2 UsedIron marketplace and CatUsed.com. In addition, CatUsed adoption has grown globally among dealers in Europe, the Middle East, Africa, Asia, Australia and Central and South America. The Point2-powered system has also become an integral part of Caterpillar's Rental and Used Equipment division.

In addition to updating the CatUsed online marketing system, Point2 has successfully completed various other projects, including the Caterpillar Certified Inspection (CCI) Module, the PDA Inspection Module (allowing dealers to inspect inventory using a handheld PDA), and a more robust parts system. The site has also been fully developed to support multilingual users in Spanish, Italian, French, and German.

In September 2002, the Point2 UsedIron Marketplace underwent major upgrades, including a faster, more robust search engine that resulted in a 300% boost in traffic in 6 months. In November 2002, PointUsediron.com began to mirror much of the used equipment already featured on the CatUsed.com website. The combination of a faster online marketplace and duplication of information on two highly trafficked sites led to a spike in detailed equipment views for Caterpillar dealers.

Point2 continues to work with Caterpillar to implement new cutting-edge features, upgrades, and enhancements to the CatUsed system.

Point2 Largo: Heavy Equipment Management For PDAs

scorbett — Tue, 15 Apr 2003 15:57:00 GMT

Point2 is pleased to announce the launch of Point2 Largo, bringing the power the company's successful heavy equipment management software to mobile computing platforms. Equipment salespeople can now carry their entire inventory of new, used, and rental machines on their Personal Digital Assistants (PDAs).

Point2 Largo can store full descriptions of machinery including:

Basic details
Contact information
Availability status and date
Location detailed marketing features
Machine notes
Inspection reports
Up to 8 photos per machine

No more out-of-date printed inventory lists. No more cumbersome laptops. No more keyboard and mouse to fumble with in front of a customer. No more missed sales opportunities. Largo is a convenient, professional tool for selling equipment and is a great fit with today's road warrior salesman.

During 2002, Point2 began researching the opportunity of heavy equipment salespeople carrying PDAs rather than laptops. As Microsoft allocated tremendous resources towards their proprietary .NET technology and Pocket PC® operating system for PDAs, Point2 saw a great opportunity and a solid fit for the heavy equipment industry. Press Releases

Point2 Launches NEW public Online Marketplace - Point2 UsedIron

scorbett — Tue, 15 Oct 2002 15:56:00 GMT

www.point2usediron.com is the NEW Point2 Equipment Marketplace (formerly found at www.point2.com). Point2UsedIron.com is FASTER and more intuitive than ever before. Visit the site today to see how we're maintaining our leading position as the most visited used equipment website on the Internet (according to the independent traffic analyst - Alexa Internet). Point2UsedIron features faster searching and more intuitive site layout - visit www.point2usediron.com today to experience the difference).

Point2 integrates over a dozen NEW improvements and enhancements to Point2 MANAGER. Send a message to Point2 today to receive the list of improvements to the MANAGER suite of software. Click here to contact us.

Point2 MANAGER performance enhancements - Point2 MANAGER has been modified and enhanced for faster performance. Our valued clients are using Point2 MANAGER more and more to assist in running their business, and we're

Point2 Welcomes Our Newest UsedIron and MANAGER Clients

scorbett — Mon, 12 Aug 2002 08:41:00 GMT

Closner Equipment

Northern Tractor Sales and Rentals

Camacad Equipment, LLC

Ellen Equipment Corporation

Big Cat Leasing

Excelsior Trading Ltd.

Pine Bush Equipment Co. Inc.

Process Equipment LLC

Epperson and Epperson Equipment

Talik Industrial Services Inc.

Ryan Equipment

Hill Top Equipment

Logs Unlimited, LLC

Trax Trading Company

Three Lakes Enterprises

Point2 And Caterpillar Announce Exclusive License Agreement

scorbett — Tue, 12 Jun 2001 18:55:00 GMT

Point2 Technologies Inc. and Caterpillar Inc. (NYSE:CAT) today announced an exclusive license agreement to enhance Caterpillar's used construction equipment site CatUsed.com. Point2 is the developer of Internet-based software that powers the heavy equipment industry site Point2 Exchange (www.Point2.com). Caterpillar is the world's largest manufacturer of construction and mining equipment. This new agreement allows Caterpillar and its dealers to take advantage of powerful online sales and marketing tools developed by Point2.

"Point2's system complements our world-wide dealer-to-dealer used equipment trading system. Integration of Caterpillar and Point2 technologies will provide our dealers a truly world-class system to offer CAT used equipment to the broad marketplace," says Paul Knollmaier, President of Caterpillar Redistribution Services Inc.

"We are excited to have the opportunity to provide Caterpillar with technology that will integrate into their business systems to provide their dealer network with the very latest Internet-based sales and marketing tools," says Wendell Willick, CEO of Point2 Technologies Inc. "Our new relationship with Caterpillar will contribute to our aggressive research and development of Internet software technology. This new technology automates critical e-business processes resulting in improved sales methods, faster response to customers and rapid exposure of inventories to global markets."

About Point2

Founded in 1996, Point2 Technologies develops software technology that enables participants in capital goods industries such as heavy equipment to easily and more profitably conduct business on the Internet. Point2's heavy equipment exchange has quickly become a leading heavy equipment marketplace on the Internet. Point2 was recently named the No. 1 e-business in Canada by a Bain and Company study sponsored by Canada's national newspaper, The Globe and Mail. Point2 designs proprietary, patent-pending Internet software for heavy equipment manufacturers such as Caterpillar. More than 75 global heavy equipment companies at more than 370 branch locations across North America and Europe rely on Point2 software to power their e-businesses.

About Caterpillar

Headquartered in Peoria, Ill., Caterpillar Inc. is the world's largest manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. Caterpillar's broad product line ranges from the company's new line of compact construction equipment to hydraulic excavators, backhoe loaders, track-type tractors, forest products, off-highway trucks, ag tractors, diesel and natural gas engines and industrial gas turbines. These products are sold in nearly 200 countries. A Fortune 100 company, Caterpillar posted 2000 sales and revenues of $20.18 billion.

CONTACT: For further information: Wendell Willick, Chief Executive Officer, (306) 955-1855

News release via Canada NewsWire, Calgary 403-269-7605

Copyright (C) 2001 CNW, All rights reserved

Independent Survey Ranks Point2 Technologies Inc. as Canada's Number One Internet Commerce Company

scorbett — Tue, 11 Jul 2000 18:52:00 GMT

SASKATOON, SK - July 11, 2000
Point2 Technologies Inc. emerged as Canada's hottest online company according to a survey conducted by Bain & Company and published recently by Canada's daily national newspaper The Globe & Mail. Bain & Company is one of the world's leading global strategy consulting firms. Point2 Technologies received the number one ranking for its online business site, Point2.com.

Point2 specializes in the development of Internet-based inventory management and marketing tools for manufacturers, dealers, contractors and buyers of heavy equipment used in the mining, construction, forestry, oil and gas sectors.

The e25 survey that ranks the top 25 Canadian e-businesses evaluated 285 Internet-based companies in five areas: strategic innovation, strategic impact, execution, funding and fame. Point2 scored the highest mark in strategic innovation with a near-perfect score of 29 out of 30.

"It's exciting that strategic innovation, strategic impact and execution were key drivers in getting Point2 the number one spot," says Wendell Willick, CEO of Point2 Technologies Inc. "We always focus on optimizing the client experience by prioritizing functionality and efficiency over bells and whistles. This win goes a long way to support our strategy."

The Saskatoon-based operation also received 29 out of 30 in the execution category. The company is credited with having a string of key partnerships with equipment dealers representing manufacturers such as Caterpillar Inc, Komatsu, Hitachi, Volvo, John Deere and Case Corporation. Clients include: JLG Industries, Holt Company of Texas, Hoss Equipment and many more. Point2 also scored 25.5 out of 30 in the strategic impact category.

Contributing to Point2 Technologies' winning site are the company's two patent-pending technologies that enable users to upload photos hassle-free and conveniently download information to CD ROMs.

"Point2 has an excellent chance to dominate the global heavy equipment e-commerce marketplace," says Jon Huggett, Vice-President of Bain & Company's Canadian branch. "The company established a strong presence in its niche before the emergence of any significant competitors."

About Point2 Technologies and Point2.com
Founded in 1996, Point2 is a North American leader in the online remarketing of heavy equipment for the construction, mining, forestry and oil and gas industry sectors. Point2 has established itself as a leading vertical portal in this industry due to its proprietary and innovative Internet-based marketing and inventory management software suite that allows customers to efficiently realize significant profits from the global exposure of their equipment. Point2 Technologies Inc. is a subsidiary of Bid.com. Founded in 1995, Bid.Com offers a comprehensive suite of on-line Dynamic Pricing Solutions for business-to-business and business-to-consumer markets. Bid.Com has offices in Toronto, Tampa, Sacramento, Dublin, and Melbourne, Australia. The company's shares trade on both the NASDAQ National Market and the Toronto Stock Exchange (NASDAQ: BIDS, TSE: BII).

Bid.Com's Point2 Technologies Subsidiary Forms Strategic Alliance with GE Capital

scorbett — Wed, 08 Mar 2000 18:50:00 GMT

TORONTO/CNW-PRN via COMTEX/ -- Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a leading international online e-commerce company, today announced that its heavy equipment business-to-business subsidiary, Point2 Technologies Inc., and Bid.Com have signed an agreement with General Electric Capital Corporation. GE Capital, the financial services unit of General Electric Company (NYSE: GE), will be a preferred supplier of financing solutions for customers of Point2's website.

"We are pleased to work with GE Capital to create a one stop shop for our customers' heavy equipment purchases," stated Wendell Willick, CEO of Point2 Technologies Inc. "GE Capital has the industry expertise to structure and facilitate innovative financing solutions and will have access to our over 40,000 dealer listings as well as sales that originate from our auction website."

Michelle Landis, Vice President E-Commerce, GE Capital Commercial Equipment Financing remarked, "GE Capital views this strategic relationship as an excellent opportunity to partner with a leading online remarketer of heavy equipment and its online auction partner, initially in North America, but potentially on a global basis in the future. We will integrate our financing solutions on Point2's website to provide its customers, the buyers, dealers and manufacturers of heavy equipment, with flexible financing products and structures."

"Strategic alliances with quality companies such as GE Capital will continue to be an important part of our business strategy," added Jeff Lymburner, President and CEO of Bid.Com International Inc. "We see this agreement as a "win-win" situation for both Point2 and GE Capital. We will be able to offer our customers flexible financing alternatives while GE Capital will add a new distribution channel for its financial products and services in the online heavy equipment sector."

About Bid.Com International Inc.:

Founded in 1995, Bid.Com offers a comprehensive suite of on-line Dynamic Pricing Solutions for business-to-business and business-to-consumer markets. Bid.Com offers multiple online transaction methods, providing fixed price, traditional auction, real-time declining price (Dutch) auction and reverse auctions (Request for Quotation/Proposal (RFQ/RFP)) all within the same package. Thanks to award-winning modular architecture, the Bid.Com system can be integrated with virtually any business-to-business or consumer-based application. A growing number of major online players have made Bid.Com their online sales partner in sectors such as electronic media, travel, wireless communications, automotive, heavy machinery, arts and culture, and retail. Partners include Research In Motion, Sprint Canada, America Online, Chapters.ca, Rogers New Media, CapGemini, The Art Vault and NBCi through ValueVision Interactive.

Bid.Com has offices in Toronto, Tampa, Dublin, and Melbourne, Australia, and the company's shares trade on both the NASDAQ National Market and the Toronto Stock Exchange (NASDAQ: BIDS, TSE: BII).

This news release 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 Bid.Com's ("the Company") results to differ materially from expectations. These risks include the Company's ability to further develop its business-to-business and licensing businesses, the Company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved.

To receive additional information on Bid.Com International Inc. please visit www.bid.com

SOURCE: Bid.Com International Inc.

Bid.Com International Increases Stake in Point2 Technologies to 51% North America's First Live Used Heavy Equipment Auction Slated for September 8

scorbett — Thu, 26 Aug 1999 18:49:00 GMT

TORONTO /PRNewswire/ -- Bid.Com International Inc. (Nasdaq: BIDS, Toronto: BII), one of North America's leading online auction companies, today announced that it has increased its equity position in Point2 Technologies Inc. to 51%. Point2 is the leader in the online remarketing of heavy equipment for the construction, mining, forestry, and oil and gas industry sectors. Together, Point2 and Bid.Com have established the pre-eminent business-to-business Internet auction site catering to buyers, dealers and manufacturers of heavy equipment. As a result of this investment, Bid.Com will be in a position to proportionately consolidate the financial results of Point2 Technologies Inc. in future quarters.

"Our joint venture with Point2 gives us a tremendous head start in the online business-to-business market for used heavy equipment," commented Jeff Lymburner, President and CEO of Bid.Com. "With access to more than 41,000 inventory listings worldwide, the market value of available equipment is over $4 billion. In addition, Point2's technical compatibility with Bid.Com's award winning auction platform makes this an excellent investment for Bid.Com and its shareholders."

The first live auction to result from Bid.Com and Point2's joint venture will take place on September 8, 1999 at Point2's website, www.point2.com . Heavy equipment, including loaders, graders and excavators manufactured by Caterpillar, John Deere and Komatsu, among others, will be auctioned off by leading North American equipment dealers. Qualified bidders can pre-register for this event beginning today. The two companies will be conducting heavy equipment auctions over the Internet on an ongoing basis, allowing dealers to add equipment to the auction platform as it becomes available.

"Our investment in Point2 adds further depth to Bid.Com's suite of services and creates an e-commerce solution that is easily adaptable to additional business-to-business markets," added Mr. Lymburner. ``Forrester Research projects that in the U.S. alone, business-to business trade of hard goods over the Internet will reach $109 billion in 1999 and will escalate to $1.3 trillion by 2003. Bid.Com intends to be an integral part of that burgeoning market."

Bid.Com, founded in 1995, is one of e-commerce's leading online auction sales organizations, with offices in Toronto, Tampa, Fla. and Dublin, Ireland. 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, licensing custom branded e-commerce solutions and for distribution through broadband/cable media. In addition to strategic alliances with America Online and Rogers New Media, the company has recently announced an alliance with SCS Solars offering discounted travel products to the growing business-to-business market. The company's shares trade on both the Nasdaq National Market and the Toronto Stock Exchange.

This news release 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 the Company's results to differ materially from expectations. These risks include the Company's ability to further develop its business-to-business and licensing businesses, the Company's ability to develop appropriate strategic alliances and successful development and implementation of technology, acceptance of the Company's products and services, competitive factors, new products and technological changes, and other such risks as the Company may identify and discuss from time to time, including those risks disclosed in the Company's amended Form 20-F filed with the Securities and Exchange Commission. Accordingly, there is no certainty that the Company's plans will be achieved.

To receive additional information on Bid.Com International Inc. via fax, at no charge, dial 1-800-PRO-INFO and enter code BIDS.

SOURCE: Bid.Com International Inc.

Point2 Technologies Announces Joint Venture with Bid.Com International

scorbett — Wed, 07 Jul 1999 18:48:00 GMT

SASKATOON, SK - Point2 Technologies Inc., the world leader in providing Internet technology for the heavy equipment industry, has announced a joint venture with Bid.Com International Inc. (Nasdaq: BIDS; Toronto: BII). Bid.Com is one of the Internet's leading online auction sales organizations. Point2 and Bid.Com plan to establish the premiere site on the Internet catering to manufacturers, dealers, and buyers of heavy equipment, providing a full suite of marketing and informational services.

"The Web is an ideal environment to connect the buyers and sellers of heavy equipment. Tremendous opportunities exist for our customers to grow revenues, reach new markets and better serve their customers. The scalability, versatility and compatibility of the Point2 System with Bid.Com's proprietary technology will accelerate the introduction of heavy equipment auctions on our web site. This will add further depth to our suite of services and will create an e-commerce solution that is easily adaptable to additional business-to-business markets,'' said Wendell Willick, Point2's Chief Executive Officer."

"Our joint venture with Point2 gives us a tremendous competitive advantage in the used heavy equipment market and jump starts our entrance into other business-to-business vertical markets,'' said Paul Godin, Chairman of Bid.Com. ``Point2's large subscriber base, 41,000 listings of inventory worth $4 billion and strong industry buyer and seller contacts as well as its technical compatibility with Bid.Com's auction platform make this an excellent partnership."

Founded two years ago, Point2 Technologies is currently the North American leader in the online marketing of heavy equipment. Point2 has established itself as the leading vertical portal in this industry due to its proprietary and innovative Internet-based marketing and inventory management software suite that allows customers to realize significant profits from the global exposure of their equipment.

Point2's clients include some of the most prominent heavy equipment dealers in the industry such as: Holt Company of Texas, one of the largest Caterpillar dealerships in the world; RDO Equipment Co., one of the world's largest John Deere dealers with over 60 branches; Western Power and Equipment, the largest distributor of Case Corporation equipment in the U.S., with over 28 branches; and Hoss Equipment Co., a world-class independent dealership.

The Point2 Heavy Equipment System, located on the Internet at http://www.point2.com, features new and used heavy equipment for sale by dealers of Caterpillar, Case, Gradall, Hitachi, Ingersoll-Rand, John Deere, Komatsu, Kubota, New Holland, Samsung, Terex and many other manufacturers.

Bid.Com, founded in 1995, is one of the Internet's leading online auction sales organizations, with offices in Toronto and Tampa, Florida. 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, licensing custom branded e-commerce solutions and for distribution through broadband/cable media. The company's shares trade on both the Nasdaq National Market and the Toronto Stock Exchange.

This news release 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. Forward-looking statements involve risks and uncertainties including successful development and implementation of technology, acceptance of Bid.Com's products and services and any products and services offered jointly by Bid.Com and Point2, competitive factors, new products and technological changes, and other such risks as Bid.Com 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. Accordingly, there is no certainty that Bid.Com's plans will be achieved.

Bid.Com is a registered trademark of Bid.Com International Inc.

SOURCE: Point2 Technologies Inc.

Bid.Com International Announces Joint Venture With Point2 Technologies Captures First-Mover Advantage in Heavy Equipment Business-to-Business Market

scorbett — Tue, 29 Jun 1999 18:48:00 GMT

Bid.Com International Inc., one of North America's leading online auction companies, today announced a joint venture with Point2 Technologies Inc. Point2 is a leader in the online remarketing of heavy equipment for the mining, construction, forestry, and oil and gas industry sectors. Together, Point2 and Bid.Com intend to establish the pre-eminent site on the Internet catering to manufacturers, dealers and buyers of heavy equipment, providing a full suite of marketing and informational services.

The transaction involves the licensing of Bid.Com's online auction and e-commerce technology to Point2. In addition, Bid.Com will issue common shares in return for a 25% stake in Point2 and will have the option to increase its equity investment in the future.

"Our joint venture with Point2 gives us a tremendous competitive advantage in the used heavy equipment market and jump starts our entrance into other business-to-business vertical markets," said Paul Godin, Chairman of Bid.Com. "Point2's large subscriber base, 41,000 listings of inventory worth $4 billion and strong industry buyer and seller contacts as well as its technical compatibility with Bid.Com's auction platform make this an excellent partnership."

Mr. Godin continued, "We continue to focus our attention on the growing business-to-business market which we believe offers tremendous opportunity for the Company. Forrester Research projects that in the U.S. alone, business-to- business trade of hard goods over the Internet will reach $109 billion in 1999 and will surge to $1.3 trillion by 2003. Bid.Com intends to be an integral part of that market."

Wendell Willick, Point2's Chief Executive Officer added, "The Web is an ideal environment to connect the buyers and sellers of heavy equipment. Tremendous opportunities exist for our customers to grow revenues, reach new markets and better serve their customers. The scalability, versatility and compatibility of the Point2 System with Bid.Com's proprietary technology will accelerate the introduction of heavy equipment auctions on our web site. This will add further depth to our suite of services and will create an e-commerce solution that is easily adaptable to additional business-to-business markets."

Bid.Com, founded in 1995, is one of the Internet's leading online auction sales organizations, with offices in Toronto and Tampa, Florida. 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, licensing custom branded e-commerce solutions and for distribution through broadband/cable media. The company's shares trade on both the Nasdaq National Market and the Toronto Stock Exchange.

Founded two years ago, Point2 Technologies is currently the North American leader in the online marketing of heavy equipment. Point2, located at http://www.point2.com, has established itself as the leading vertical portal in this industry due to its proprietary and innovative Internet-based marketing and inventory management software suite that allows customers to realize significant profits from the global exposure of their equipment. Point2's clients include some of the most prominent heavy equipment dealers in the industry such as: Holt Company of Texas, one of the largest Caterpillar dealerships in the world; RDO Equipment Co., one of the world's largest John Deere dealers with over 60 branches; and Western Power and Equipment, the largest distributor of Case Corporation equipment in the U.S., with over 28 branches.

This news release 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. Forward-looking statements involve risks and uncertainties including successful development and implementation of technology, acceptance of Bid.Com's products and services and any products and services offered jointly by Bid.Com and Point2, competitive factors, new products and technological changes, and other such risks as Bid.Com 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. Accordingly, there is no certainty that Bid.Com's plans will be achieved.

Bid.Com is a registered trademark of Bid.Com International Inc.

SOURCE: Bid.Com International Inc.