VICTORIA, British Columbia, Oct. 25, 2004 (PRIMEZONE) -- As part of an aggressive campaign to grow Worldbid's Network of International Marketplaces, Worldbid Corporation (OTCBB:WBID) announced today that it has partnered with Ripra Solutions Private Limited to bring Worldbid services to Ripra's member base and other companies within India.
Under the marketing agreement, Worldbid will create and launch a private-branded trade portal using Ripra's brand name. This portal will be located at http://ripra.worldbid.com and will be marketed by Ripra to its growing customer base and to company databases that it owns through acquisitions of online directories, including Ri2u.com. Revenue generated by this partnership will be shared between Worldbid and Ripra.
Paul Wagorn, Chief Operating Officer of Worldbid said, "We're very excited about having a strong partner in India. Ripra has strong marketing assets and a thorough understanding of b2b markets."
As a major part of Worldbid's marketing strategy, its partnership program gives Worldbid the ability to inexpensively promote its products in areas that have historically been difficult for North American companies to market, such as China, India and the Middle East.
About Ripra Solutions Private Limited
Ripra Solutions Private Limited is an IT solution provider in Human Resource, Financial & Management Accounting, Inventory and Business Analysis. Ripra has software solutions for exporters for multimedia/Web cataloging, digital cataloging for Internet driven business and export documentation. This creates synergy between Worldbid and Ripra for vertical markets and added value for additional customer services.
Through a strategy of acquisitions, Ripra has built a large database of businesses in India. Combined with their business and trade-related software products, they are in a strong position to market the Worldbid Network products to companies in India.
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 (OTCBB:WBID) is a premier global network of more than 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.