| Business Summary | | Bidhit.com,
Inc.
is
an
e-commerce
company
that
has
developed
an
interactive
online
auction
house
business.
The
Company's
Web
site
is
located
at
www.bidhit.com.
The
Company
specializes
in
providing
business-to-business
and
business-to-consumer
e-commerce,
ensuring
customers
of
merchandise
directly
from
certified
vendors
or
manufacturers.
Presently,
the
Company
offers
close
to
1,000
products
for
sale
each
week,
during
two
auction
periods.
The
Company
operates
an
online
auction
for
new
and
excess
branded
merchandise,
offering
closeout
and
refurbished
products
to
consumers
and
small
to
medium-sized
businesses.
The
Company's
online
auction
represents
an
exciting
sales
format
for
users,
which
leverages
the
interactive
nature
of
the
Internet.
The
Company's
Internet
auctions
feature
a
rotating
selection
of
brand
name
computer,
consumer
electronics
and
housewares,
and
sports
and
recreation
products,
which
typically
sell
at
significant
discounts
to
prices,
found
at
traditional
retailers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Bidhit.com
is
an
online
auction
company
with
a
customer
database
of
over
100
thousand
users.
The
Company
provides
brand
name
computers
and
consumer
electronics
to
distinct
and
growing
customer
segments.
For
the
six
months
ended
6/30/00,
revenues
totaled
$183
thousand,
up
from
$3
thousand.
Net
loss
before
extraordinary
item
totalled
$2.8
million,
up
from
$258
thousand.
Results
reflect
the
inclusion
of
product
sales,
offset
by
the
addition
of
several
operating
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Timothy Black, 31 Pres,
CEO, Sec. | $48K | Brian Beggs CFO | -- | Jeffrey Mendenhall, 27 VP
of Vendor Relations | -- | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|