Bidhit.com Announces Additional Strategic MarketingInitiative, Signs Deal with Washington DC...

BOTHELL, Wash.--(BUSINESS WIRE)--Aug. 16, 1999--

Bidhit.com Inc. (OTC BB:BHIT), a growing online auction company, announced today an agreement with Jack Wynn & Co. Inc., a Washington DC based consulting firm specializing in financial news coverage for small emerging growth companies.

Jack Wynn & Co. functions as a financial news placement firm. It will be responsible for identifying and packaging unique and newsworthy elements of Bidhit and in delivering this information to the Company's well-established network of national media sources.

"Bidhit.com has an interesting news story for both Wall Street and Main Street audiences" said Jack Wynn, President and CEO of Jack Wynn & Co. Inc." This is an emerging public company with two things going for it: it makes money and it provides a unique service. Watch for this company to make substantial news in the months ahead."

"We are very pleased to be adding Jack Wynn and his considerable expertise to our team," said President and CEO of Bidhit.com, Tim Black. " It is a very timely addition from our point view given that we are expecting several substantial developments in the Company over the next two quarters. We believe as Jack does that Bidhit will be of real interest to both the general and financial news outlets. This announcement also reiterates our commitment to our previously announced Strategic Marketing Initiative."

Jack Wynn & Co. Inc. is a Washington DC based financial news placement company. Since 1981, Jack Wynn & Co. Inc. has provided small publicly traded companies with national and international news coverage. Jack Wynn, President and CEO, has spent over 25 years in the publicity news business. In the 1970's, Mr. Wynn was a Speechwriter and Legislative Assistant on three full U.S. Congressional Committees including the Joint Economic Committee. He was awarded the Veteran's Administration's highest public affairs award in 1980, as well as the Conference of Association Managers' public affairs commendation the same year. Aside from his publicity expertise, Mr. Wynn serves as National Small Business Director in Steve Forbes' Presidential Campaign.

About Bidhit.com

Bidhit.com is a fully developed, profitable, real time online auction company with a customer database of over 100,000 registered users. The company is focused on providing quality brand name consumer goods to distinct and growing customer segments. Bidhit.com has achieved rapid growth by building a solid operational infrastructure and is now leveraging this success to become one of the leading online auction brands on the Internet.

About the Online Auction Segment

According to Forrester Research, 52 percent of online business is expected to be transacted via auctions by 2002, (Reported in Business 2.0, June 1999). The success of online auction sites such as eBay,Inc. (NASDAQ:EBAY), uBid,Inc. (NASDAQ:UBID), Onsale Inc. (NASDAQ:ONSL) and Bid.Com International (NASDAQ:BIDS), has been well documented. Bidhit will be focused on growing its online auction presence in attracting and sharing the enormous audience for online auctions.

On Behalf of the Board of Directors, Timothy J. Black, President and CEO Bidhit.com

'Safe Harbor' statement under the Private Securities Litigation Reform Act of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.