COMMERCEBID.COM INC.

CommerceBid.com is a developer of intranet, extranet and Internet-based e-commerce solutions for dynamic exchanges. ChannelBid, CommerceBid.com’s first offering, is a robust, scalable enterprise level Web-based software solution designed to provide corporations with the tools needed to conduct all types of dynamic exchanges including both forward and reverse auctions. CommerceBid.com’s technology capitalises on the explosive growth and widespread acceptance of the Internet and provides a more efficient selling environment based on electronic commerce and real-time online interactions between buyers and sellers.