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Worldbid Named the 'Featured Stock of the Month' by SmallCapOpportunites.com; With a Price Target of $0.35 Tuesday November 30, 7:30 pm ET
VICTORIA, B.C., Nov. 30, 2004 (PRIMEZONE) -- StoxNetwork Corporation affiliate SmallCapOpportunities.com reaffirms its ``Speculative Buy'' research coverage on Worldbid Corporation (``WBID'') (OTC BB:WBID.OB - News) and sets a price target of 35 cents. WBID operates a global network of regional and vertical business-to-business (``B2B'') online exchanges, collectively known as the ``Worldbid Network'', enabling companies to source (buy) and tender (sell) products and services nationally and internationally. Since the launch of http://www.worldbid.com in 1999, the Worldbid Network has grown to include approximately 60 regional and 40 industry-specific sub-sites.
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The regional sub-sites include user interfaces in 12 languages: English, Spanish, French, simplified Chinese, Japanese, Korean, Dutch, Italian, Portuguese, Romanian, Russian and Turkish. The Worldbid Network features over 800,000 trade leads in almost 1,000 separate industry categories and sub-categories with over 344,000 businesses signed up as registered users. The Worldbid Network receives over 2 million page views each month, averages 300-1,000 new trade opportunities posted each day, and over 6 million trade notifications per month are emailed to registered users. WBID's strategic alliance network has been expanding steadily and now includes partners in the USA, China, India, Venezuela, the Middle East, Turkey, France and Argentina. Approximately 75% of businesses using the Worldbid Network are located outside the United States.
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.
A fee not exceeding $10,000 was paid in connection with the preparation of the report and its posting at SmallCapOpportunities.com. The author of the report has no share or share option position in the subject company, but received consideration from SmallCapOpportunities.com's owner-operator, StoxNetwork Corporation, for his preparation of the report.
Investors should carefully read all disclosures and disclaimers before trading in the securities of any subject company.
WBID, whose principal website is located at www.worldbid.com, operates one of the world's largest networks of business-to-business ("B2B") exchanges, enabling companies to source (buy) and tender (sell) products and services nationally and internationally.
Launched in 1999, WBID has grown to become a global network of approximately 100 regional and vertical B2B marketplaces, collectively known as the "Worldbid Network." The Worldbid Network has grown to over 800,000 trade leads in almost 1,000 separate industry categories and sub-categories with over 344,000 businesses signed up as registered users. The Worldbid Network receives over 2 million page views each month, averages 300-1,000 new trade opportunities posted each day, and over 6 million trade notifications per month are emailed out to registered users who have requested them.
WBID's strategic alliance network has been expanding steadily and now includes partners in the USA, China, India, Venezuela, the Middle East, Turkey, France and Argentina.
WBID has developed approximately 60 regional and 40 industry-specific sub-sites, which operate in conjunction with its principal website to expand the scope of businesses targeted. WBID's regional sub-sites currently include user interfaces in 12 languages: English, Spanish, French, simplified Chinese, Japanese, Korean, Dutch, Italian, Portuguese, Romanian, Russian and Turkish.
WBID's strong global branding combined with its multi-national user base (approximately 75% of businesses using WBID are outside the United States) has helped create a network of marketplaces with a truly international scope.
Victoria, British Columbia, August 12, 2004- Worldbid Corporation (NASD OTCBB: WBID).
Worldbid Corporation (NASD OTCBB: WBID) announced a new partnership as described in its last 10k-SB annual report. This new partnership is part of an aggressive campaign to forge further revenue-generating strategic relationships with companies internationally.
As a move to expand into China's multi-billion dollar B2B market, Worldbid has signed an agreement with Ningbo Free Trade E-Commercial Affairs Co Ltd. Under this agreement, Worldbid has granted Ningbo Free Trade E-Commercial Affairs Co Ltd. the rights to sell and market WorldbidChina.com products to all of China except for Hong Kong. This agreement will strengthen Worldbid's marketing reach within China and bring new North American buyers to Chinese manufacturers, traders and retailers.
Paul Wagorn, Chief Operating Officer for Worldbid stated: "We are very excited about this partnership. Ningbo Free Trade E-Commercial Affairs Co Ltd. has the experience and expertise in selling b2b products to the Chinese market to help strengthen our position in Asia, to help develop revenue and to increase our market share in the rapidly expanding Chinese B2B arena."
Worldbid Corporation is continuing to aggressively pursue additional partnerships and strategic relationships throughout Asia, India, and the rest of the world.
About Worldbid Corporation
Worldbid Corporation is an electronic commerce company that owns and operates a network of on-line B2B international trade Internet marketplaces. The principal web site is located on the Internet at www.worldbid.com. The Company's web site enables them to facilitate business transactions on the Internet by providing an organized and systematic tool for businesses to post notices of goods offered for sale and notices for the request for tender of goods. Launched in early 1999, Worldbid Corporation (NASD OTCBB: WBID) is a premiere global network of approximately 100 regional and vertical B2B marketplaces providing international exposure and trade lead information to small and medium sized businesses involved in international import and export.
Worldbid Corporation'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.
For additional information, please contact: Paul Wagorn Worldbid Corporation Phone: (250) 475-2208 Fax: (250) 475-2281 Email: Worldbid.com
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forge further revenue-generating strategic relationships with companies internationally.
As a move to expand into China's multi-billion dollar B2B market, Worldbid has signed an agreement with Ningbo Free Trade E-Commercial Affairs Co Ltd. Under this agreement, Worldbid has granted Ningbo Free Trade E-Commercial Affairs Co Ltd. the rights to sell and market WorldbidChina.com products to all of China except for Hong Kong. This agreement will strengthen Worldbid's marketing reach within China and bring new North American buyers to Chinese manufacturers, traders and retailers.
Paul Wagorn, Chief Operating Officer for Worldbid stated: "We are very excited about this partnership. Ningbo Free Trade E-Commercial Affairs Co Ltd. has the experience and expertise in selling b2b products to the Chinese market to help strengthen our position in Asia, to help develop revenue and to increase our market share in the rapidly expanding Chinese B2B arena."
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posted
China Poised to Overtake U.S. in 2020s-Author
By Paul Eckert WASHINGTON (Reuters) - China's unprecedented rise, fueled by foreign investment and technology, has put the Asian giant on a path to surpass the United States economically by 2025, the author of a new book on China said on Tuesday.
U.S. pressure on Chinese authorities to revalue the yuan currency will bring only a brief respite from the fusion of cheap-but-skilled labor, imported technology and economies of scale that make China so competitive, said Oded Shenkar.
His book "The Chinese Century," represents neither a "China-bashing book" nor the 1980s "Japan as Number One genre," the Ohio State University business management professor said.
"The rise of China is a watershed," Shenkar told Reuters in an interview. "I compare it to the rise of the United States in the late 19th century."
Britain, the leading power of that era, did not take its former American colony seriously despite the geopolitical implications of the U.S. emergence. China aims to regain the world preeminence it had before the modern era, he said.
More than becoming a new Japan, "China will be overtaking the United States between 2020 and 2025," Shenkar said.
The Israeli-born researcher said he put China's emergence as the world economic power about two decades earlier than most analysts by measuring purchasing power rather than nominal figures to measure output and growth.
"I believe first of all that the Chinese economy is actually larger than the numbers would suggest," he said.
CURRENCY PRESSURE MISPLACED
Although he expects an eventual modest revaluation of China's currency, Shenkar said lobbying China to alter the yuan's decade-old peg to the dollar would not help much.
"Pressure on not only currency rates, but also tariffs and quotas will have only a temporary effect," he said, citing the case of Japan's dramatic revaluation in the late 1980s.
"What you are going to do if you revalue the currency, is lower their costs of importation," he said.
To cope with competition from China, the U.S. government must improve education in science, while American negotiators must drive harder bargains on counterfeiting, said Shenkar.
"In intellectual property rights (IPR), the Chinese continue to play games," he said, describing celebrated crackdowns that never seem to put Chinese counterfeiters out of business.
"Most people still think of IPR violations in terms of bootlegging of DVDs," he said. "The reality is this is happening across the board," he said, citing fake machinery, shampoo and medicine that cause billions of dollars of losses.
A major theme of Shenkar's book is how technology transfers have helped China catch up to U.S. competitors at low cost.
"Maybe we are selling our technology too cheap, or as in the case of China, we're giving it away or somebody is taking it without compensating us," he said.
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Ok Joe, I'll watch yours if you watch mine.....LOL I'm watchin your WBID for the next day or two..You watch my SCTN....I know what it's like to Know about a good Stock and no one seems to hear you.. LOL I'm gonna' watch it closly....for a wake up.
Thanks Joe.....
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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