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.
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
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