Press Release

BID.COM AND BANKSERV SIGN STRATEGIC ALLIANCE Enable electronic payments for B2B transactions

May 09, 2001 - SAN FRANCISCO, CA — Bid.Com International Inc. (NASDAQ: BIDS, TSE: BII), a global provider of dynamic pricing solutions, today announced that it has entered into a strategic alliance with BankServ, a San Francisco-based provider of on-line payment services.

Bid.Com and BankServ will collaborate on sales, marketing and product development activities, enabling business customers that use the Internet for buy-side or sell-side activities to integrate dynamic pricing with financial settlement services. As a result, organizations will be able to conduct e-commerce transactions with their suppliers or business customers and then settle those transactions immediately with secure electronic payment tools, such as Internet-based automated clearing house (ACH) transfers or on-line wire transfers.

"Financial settlement is a key component of any business-to-business e-commerce transaction," said Jeff Lymburner, President and CEO, Bid.Com International Inc. "Working with BankServ allows Bid.Com to deliver real-time on-line check or wire payment options to our customers, enhancing the value of our dynamically-priced transaction environments."

Dave Kvederis, President and CEO of BankServ, noted, "Dynamic pricing is fast emerging as a preferred method for conducting business-to-business commerce on-line. Our partnership with Bid.Com extends the benefits of secure, straight-through, paperless and integratable electronic payment methods into this environment, adding another savings incentive for businesses seeking to pare costs by moving their purchasing processes to the Internet."

About Bid.com International Inc.

Founded in 1995, Bid.Com (NASDAQ: BIDS, TSE: BII) provides a comprehensive suite of dynamic pricing solutions that allow organizations to buy and sell on-line more effectively. Thanks to an award-winning and scaleable technology platform, Bid.Com's multiple transaction methods and strategic sourcing applications can be integrated within any business-to-business or consumer-based environment.

Current customers and partners include GE Capital, News International, Research In Motion, CapGemini, ValueVision International Inc., Skerman Group and PricewaterhouseCoopers.

Bid.Com has offices in Toronto (Ontario), Tampa (Florida), New York, Sacramento (California), London (U.K.), Dublin (Ireland), and Melbourne (Australia).

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