VICTORIA, B.C., Nov. 30, 2004 (PRIMEZONE) -- StoxNetwork Corporation affiliate SmallCapOpportunities.com reaffirms its "Speculative Buy" research coverage on Worldbid Corporation ("WBID") (OTCBB:WBID) and sets a price target of 35 cents.
WBID operates a global network of regional and vertical business-to-business ("B2B") online exchanges, collectively known as the "Worldbid Network", enabling companies to source (buy) and tender (sell) products and services nationally and internationally. Since the launch of www.worldbid.com in 1999, the Worldbid Network has grown to include approximately 60 regional and 40 industry-specific sub-sites.
The regional sub-sites include user interfaces in 12 languages: English, Spanish, French, simplified Chinese, Japanese, Korean, Dutch, Italian, Portuguese, Romanian, Russian and Turkish. The Worldbid Network features over 800,000 trade leads in almost 1,000 separate industry categories and sub-categories with over 344,000 businesses signed up as registered users. The Worldbid Network receives over 2 million page views each month, averages 300-1,000 new trade opportunities posted each day, and over 6 million trade notifications per month are emailed to registered users. WBID's strategic alliance network has been expanding steadily and now includes partners in the USA, China, India, Venezuela, the Middle East, Turkey, France and Argentina. Approximately 75% of businesses using the Worldbid Network are located outside the United States.
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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.
A fee not exceeding $10,000 was paid in connection with the preparation of the report and its posting at SmallCapOpportunities.com. The author of the report has no share or share option position in the subject company, but received consideration from SmallCapOpportunities.com's owner-operator, StoxNetwork Corporation, for his preparation of the report.
Investors should carefully read all disclosures and disclaimers before trading in the securities of any subject company.