SECURITIES AND EXCHANGE COMMISSION

   LITIGATION RELEASE NO. 16363 / November 18, 1999

   SECURITIES AND EXCHANGE COMMISSION V. LESZEK ZBIERAJEWSKI, CIVIL
   ACTION NO. 99C-7530 (N.D.ILL.)

   The Securities and Exchange Commission (Commission) announced that, on
   November 18, 1999, it filed a settled injunctive action in the United
   States District Court for the Northern District of Illinois against
   Leszek Zbierajewski (Zbierajewski), a 25 year old resident of Chicago,
   Illinois, alleging that he violated the antifraud provisions of the
   Securities Exchange Act of 1934 in connection with the purchase and
   sale of securities.

   The Commission's Complaint alleges that on July 8, 1999, at
   approximately 12 53 p.m. EDT, Zbierajewski, using the screen name
   "jag_98_," posted a message on a Yahoo!Finance message board that
   included a purported press release made through PR Newswire, Inc. (PR
   Newswire) announcing an $89 million strategic alliance between Bid.com
   International, Inc. (Bid.com) and America OnLine, Inc. (AOL).

   The Complaint alleges that the initial posting announcing the deal was
   a fraud, in that Zbierajewski doctored a legitimate news release
   issued a few days earlier involving another company. The Complaint
   also alleges that Zbierajewski, again using the screen name "jag_98_,"
   retracted the earlier posting, and that Bid.com and AOL declared it a
   hoax.

   In addition, the Complaint alleges that in the wake of Zbierajewski's
   12 53 p.m. EDT false announcement the volume of trading in Bid.com
   dramatically increased, from trading at an average of 154,000 shares
   per hour between 9 30 a.m. and 11 30 a.m. to around 1 million shares
   per hour between 12 30 and 2 30 p.m. The Complaint alleges that the
   price of Bid.com rose from around $8.50 per share at 1 p.m. to $9 per
   share at approximately 2 p.m.

   Zbierajewski settled the civil action with the Commission, agreeing to
   an order entering a permanent injunction prohibiting further
   violations of Section 10(b) of the Securities Exchange Act of 1934 and
   Rule 10b-5 promulgated thereunder, but not imposing civil penalties,
   which will be waived based on his demonstrated inability to pay.
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Modified 11/19/1999