0000950130-01-504652.txt : 20011019
0000950130-01-504652.hdr.sgml : 20011019
ACCESSION NUMBER: 0000950130-01-504652
CONFORMED SUBMISSION TYPE: 6-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20011011
FILED AS OF DATE: 20011011
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BID COM INTERNATIONAL INC
CENTRAL INDEX KEY: 0001079171
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389]
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 6-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-14835
FILM NUMBER: 1757018
BUSINESS ADDRESS:
STREET 1: 6725 AIRPORT RD STE 201
STREET 2: MISSISSAUGA ONTARIO
CITY: CANADA L4V 1V2
BUSINESS PHONE: 9056727469
MAIL ADDRESS:
STREET 1: 6725 AIRPORT RD STE 201
STREET 2: MISSISSAUGA ONTARIO
CITY: CANADA L4V 1V2
6-K
1
d6k.txt
FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Issuer
PURSUANT to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934
Filing No. 2 for the Month of October, 2001
Bid.Com International Inc.
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(Exact name of Registrant)
6725 Airport Road, Suite 201, Mississauga ON, Canada L4V 1V2
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(Address of principal executive offices)
Indicate by check mark whether the registrant files or
will file annual reports under cover Form 20-F or Form 40-F
Form 20-F X Form 40-F __
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Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes __ No X
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BID.COM INTERNATIONAL INC.
On October 11, 2001, Bid.Com International Inc. ("Bid.Com" or the
"Company") announced that it has received overwhelming shareholder approval to
acquire ADB Systemer ASA, a Norway-based software vendor of enterprise asset
management and integrated electronic procurement applications, and re-name the
Company to ADB Systems International. The Company also announced that
shareholders holding 98 percent of the shares of ADB Systemer have accepted
Bid.Com's offer.
Bid.Com shareholders also voted to consolidate the Company's shares on
the basis of one consolidated share for each two shares currently outstanding.
The Company is awaiting approval for its new trading symbols on the Nasdaq Stock
Market and the Toronto Stock Exchange, and will continue to trade under its
current symbols (Nasdaq: BIDS, TSE: BII) until further notice.
The Company will name Martin Bekkeheien, a senior executive with
Statoil, one of the world's largest oil and gas companies, and John Reynolds, a
principal of one of ADB's largest shareholders, venture capital firm Lime Rock
Partners, to its Board of Directors. Jan Pedersen will be named president of ADB
Systems International's European operations.
This Form 6-K may include comments that do not refer strictly to
historical results or actions and may be deemed to be forward-looking within the
meaning of the Safe Harbor provisions of the U.S. federal securities laws. These
include, among others, statements about expectations of future revenues, cash
flows, cash requirements and business operations. Forward-looking statements are
subject to risks and uncertainties that may cause Bid.Com's results to differ
materially from expectations. These risks include difficulties that may be
encountered in integrating ADB's business or maintaining certain ADB personnel,
unanticipated costs that may result from the integration and operation of ADB,
Bid.Com's ability to further develop its business-to-business sales and
operations, Bid.Com's ability to develop appropriate strategic alliances and
successful development and implementation of technology, acceptance of Bid.Com's
products and services, competitive factors, new products and technological
changes, and other such risks as Bid.Com may identify and discuss from time to
time, including those risks disclosed in Bid.Com's most recent Form 20-F filed
with the Securities and Exchange Commission. Accordingly, there is no certainty
that Bid.Com's plan will be achieved.
The Company hereby incorporates by reference this Form 6-K into its
Registration Statement on Form F-3, and into the prospectus contained therein
(File No. 333-40888).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
BID.COM INTERNATIONAL INC.
Date: October 11, 2001 By: /s/ John Mackie
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Name: John Mackie
Title: Vice-President, General Counsel and
Corporate Secretary