FOR IMMEDIATE RELEASE MEDIA CONTACT: St. James Investment Group.
BIDVILLE RECEIVES $2.2 MILLION DOLLARS
IN EQUITY FUNDING
Clearwater, Florida/ January 8, 2004/Bidville, Inc. (OTC Bulletin Board: BVLE)
announced today that it has completed a private placement raising $2,200,000
through sales of its restricted common stock. The funds have been received by
the Company and are to be used for working capital.
"This financing will assist the company in the execution of its business plan
and its continuing efforts to gain substantial market share in the online
auction industry, making Bidville a viable alternative to eBay," stated Gerald
C. Parker, chairman of Bidville, Inc.
Additional information regarding the financing can be found at the Company's web
site at www.bidville.com and with the Company's filing with the Securities and
Exchange Commission, which can be found at
http://www.sec.gov/edgar/searchedgar/companysearch.html Effective January 7,
2004, the Company's trading symbol changed from AREP to BVLE.
Bidville was founded in 1999 as an on-line auction alternative to eBay. The
company provides unique user features, such as Watch List, Image Gallery, and
fixed price listing options. Bidville is headquartered in Clearwater, Florida
U.S.A. and can be reached at www.bidville.com This release contains statements
that constitute forward-looking statements. These statements appear in a number
of places in this release and include all statements that are not statements of
historical fact regarding the intent, belief or current expectations of the
Company, its directors or its officers with respect to, among other things: (i)
the Company's financing plans; (ii) trends affecting the Company's financial
condition or results of operations; (iii) the Company's growth strategy and
operating strategy; and (iv) the declaration and payment of dividends. The words
"may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend,"
and similar expressions and variations thereof are intended to identify
forward-looking statements. Investors are cautioned that any such
forward-looking statements are not guarantees of future performance and involve
risks and uncertainties, many of which are beyond the Company's ability to
control and that actual result may differ materially from those projected in the
forward-looking statements as a result of various factors.