Independent Survey Ranks Point2 Technologies Inc. as Canada's Number One Internet Commerce Company

SASKATOON, SK - July 11, 2000
Point2 Technologies Inc. emerged as Canada's hottest online company according to a survey conducted by Bain & Company and published recently by Canada's daily national newspaper The Globe & Mail. Bain & Company is one of the world's leading global strategy consulting firms. Point2 Technologies received the number one ranking for its online business site, Point2.com.

Point2 specializes in the development of Internet-based inventory management and marketing tools for manufacturers, dealers, contractors and buyers of heavy equipment used in the mining, construction, forestry, oil and gas sectors.

The e25 survey that ranks the top 25 Canadian e-businesses evaluated 285 Internet-based companies in five areas: strategic innovation, strategic impact, execution, funding and fame. Point2 scored the highest mark in strategic innovation with a near-perfect score of 29 out of 30.

"It's exciting that strategic innovation, strategic impact and execution were key drivers in getting Point2 the number one spot," says Wendell Willick, CEO of Point2 Technologies Inc. "We always focus on optimizing the client experience by prioritizing functionality and efficiency over bells and whistles. This win goes a long way to support our strategy."

The Saskatoon-based operation also received 29 out of 30 in the execution category. The company is credited with having a string of key partnerships with equipment dealers representing manufacturers such as Caterpillar Inc, Komatsu, Hitachi, Volvo, John Deere and Case Corporation. Clients include: JLG Industries, Holt Company of Texas, Hoss Equipment and many more. Point2 also scored 25.5 out of 30 in the strategic impact category.

Contributing to Point2 Technologies' winning site are the company's two patent-pending technologies that enable users to upload photos hassle-free and conveniently download information to CD ROMs.

"Point2 has an excellent chance to dominate the global heavy equipment e-commerce marketplace," says Jon Huggett, Vice-President of Bain & Company's Canadian branch. "The company established a strong presence in its niche before the emergence of any significant competitors."

About Point2 Technologies and Point2.com
Founded in 1996, Point2 is a North American leader in the online remarketing of heavy equipment for the construction, mining, forestry and oil and gas industry sectors. Point2 has established itself as a leading vertical portal in this industry due to its proprietary and innovative Internet-based marketing and inventory management software suite that allows customers to efficiently realize significant profits from the global exposure of their equipment. Point2 Technologies Inc. is a subsidiary of Bid.com. Founded in 1995, Bid.Com offers a comprehensive suite of on-line Dynamic Pricing Solutions for business-to-business and business-to-consumer markets. Bid.Com has offices in Toronto, Tampa, Sacramento, Dublin, and Melbourne, Australia. The company's shares trade on both the NASDAQ National Market and the Toronto Stock Exchange (NASDAQ: BIDS, TSE: BII).