Company to Wind Down Operations and Maximize Available Business Opportunities Business/High Tech Editors SEATTLE--(BUSINESS WIRE)--Dec. 13, 2000--EZ Inc. (OTCBB:BHIT) (Frankfurt:BHC), formerly Bidhit.com, an Internet transactional marketing and e-commerce company, today announced the company is ceasing normal business operations effective December 15. Assets of the company, including EZbid.com intellectual property, are for sale. In an effort to provide for an orderly phase-down of operations and to protect the best interests of shareholders and creditors, a management team has been named to seek available strategic alternatives and to oversee the final auction operations. Final auctions presented on Ezbid.com will be closing by December 15 and products will be delivered to successful bidders. Business inquiries should be addressed to email@example.com. An online Internet auction company since 1997, the Company through its EZbid division provided registered users with the opportunity to bid on quality brand name products such as computers, peripherals, camera equipment, sporting goods, household goods, home electronics and sports memorabilia. Forward-Looking Statements: This news release includes certain forward-looking statements. Forward-looking statements include, but are not limited to, projections of revenue, income or loss and capital expenditures, statements regarding future operations, financing needs, plans relating to products or services of the Company, assessments of materiality, and predictions of future events, as well as assumptions relating to the foregoing. In addition, when used in this discussion, the words "anticipates," "believes," "estimate," "expects," "intend," "plan" and variations thereof and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are subject to various risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors, including but not limited to the Company's ability to manage rapid growth as a result of internal expansion and strategic acquisitions, the impact of competitive products and pricing, demand and market acceptance of our products and services, new product development and service offerings, reliance on key strategic alliances the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the EZ Inc.'s filings with the Securities and Exchange Commission. This release is available on the Company's Web site at www.ezbid.com.
EZbid.com Announces Operation Shutdown and Asset Liquidation;
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