For the last two years, BHIT achieved rapid growth by building
a solid operational infrastructure. It is leveraging this success.
I feel it will become one of the leading online auction sites on
the Internet, since it already has a customer database of over 100,000
BHIT created what appears to be the most sophisticated process
transaction software on the Internet -- it enables true data warehousing.
BHIT plans to use stored customer information to project & plan
product offerings, allowing it to make suggestions based on current
BHIT has an agreement with Interactive Marketing Inc. (IMI). IMI
helps BHIT create, plan, & implement an integrated business, branding,
& marketing strategy. It also assists in developing new relationships,
innovative sponsorships, & e-commerce opportunities to maximize
revenue & market share. BHIT is in good company -- IMI helped Yahoo!,
Lycos, American Express, Citibank, Barnes & Nobel.com, Microsoft,
Netscape, CBS, & others.
BHIT just launched an aggressive marketing campaign. It started
with an advertising agreement with DoubleClick Inc. (NASDAQ/DCLK)
for a campaign that will extend through Q3 1999. The DoubleClick
network is a collection of highly trafficked, premium brand sites.
The beginning of a multi-pronged strategy, it will be coupled with
print & radio. The goal of the combination is to accelerate BHIT's
auction traffic. It also went after & got targeted listings & sponsorships
on Gomez.com & InternetAuctionList.com.
Timothy Black is president, CEO, & founder. He grew the company
in two years from a start-up to a major player in the Internet auction
industry. He developed his Internet genius at Midisoft Corporation,
where his team was responsible for the entire software & hardware
product base. Before that, he was a purchasing agent for Attachement
Corporation. .... Jeffrey Mendenhall is VP. He led Microsoft's Personal
Business Systems Training Group, testing & auditing all Microsoft's
MOC Courseware. Leading the company's Server Build team, he built,
tested, & troubleshot servers for Microsoft's Worldwide Data Center.
.... Alan Gerson is a director. He is a communications attorney,
currently president of Interactive Marketing Inc. He directed Program
Standards & Broadcast Administration for NBC for about 19 years,
was executive VP of Home Shopping Network, Inc., senior VP of Ticketmaster,
& president of the Marketing Products Group for SOFTBANK Interactive
Marketing. An expert in e-commerce, he has consulted for the world's
leading media, electronic, & interactive marketing companies. ....
IMI Interactive Marketing Inc. will direct marketing & business
development. IMI's work with sites like Yahoo! & Netscape are billion-dollar
success stories. IMI represented Yahoo! to create its initial advertising
& promotional strategies. More recently, it
created the blueprint strategy for the "Lycos Network." Other clients
include CBS, NBC, ESPN, Coca-Cola, Microsoft, Disney, Paramount,
& Warner Bros.
For Q1 ended 3/31/99, revenue was $209,207, up 56% from Q1 1998.
Net income was $17,339, or 8.2% of sales. These results reflect
operations prior to its recent public offering & subsequent $3 million
I recommend BHIT for both midterm & long-term appreciation. I
like the fact that the company is embarking on an aggressive multimedia
marketing campaign. I applaud management's decision to use such
competent avenues for its financial PR efforts as WallStreetCorner.com
& Stockcom, Inc. I like the fact that BHIT is taking advantage of
two rapidly growing markets; the Internet, & online auctions, both
of which are increasing in popularity. Here are some other things
- This situation is operating profitably
- It is growing -- 30% in the 4/99 - 6/99 window
- It is already in the top 10 online auction companies in the
- Its hit rate is growing fast -- over 830,000 hits in June 1999
Call BHIT at 425-424-3660, fax 425-424-3661, or write 204 18702 North Creek Pkwy, Bothel, WA, 98011. www.bidhit.com You may also contact their IR firm, Park Avenue Capital Corp. at 80 Fifth Avenue, Suite 401, New York, NY 10011 -- 800-953-8711, or fax: 212-727-3685.
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