Technology >> CEO Interviews >> November 15, 1999

Timothy J. Black – Bidhit.com Inc (bhit)

TIMOTHY J. BLACK founded Interactive Auction Online in February of 1997. Prior to forming Interactive Auction Online, Mr. Black headed the Materials department of Midisoft Corporation (OTCBB: MIDI) located in Issaquah, Washington. While with Midisoft, Mr. Black's team was responsible for the procurement, planning, scheduling and implementation of the entire Midisoft software and hardware product base. Before joining Midisoft, he was a Senior Purchasing Agent for software giant Attachmate Corporation, located in Bellevue Washington. Since the formation of Interactive Auction Online, Mr. Black has grown the company from a start-up a mere 2 years ago to a major player in the Internet auction industry it is today. He has been solely responsible for the development, planning and execution of all major aspects of the business to date. These roles have included supplier negotiation, product planning and development, Internet marketing, and strategic alliance positioning. In May of 1999, Interactive Auction Online changed its name to Bidhit.com. Bidhit.com is now publicly traded (OTC BB: BHIT), and has set forth a marketing campaign and expansion plan to become one of the market share leaders in the online auction industry. Mr. Black has stayed on as President & CEO, and is overseeing the operations and further growth of the company. Mr. Black has over 10 years of experience in the high tech field, including over 2 years in Internet retail auction sales with IAO. In addition, his career has included extensive working knowledge of computer systems, hardware, software, and consumer electronics. He is a Certified Purchasing Manager (CPM) and has held a membership with the National Association of Purchasing Management (NAPM). Profile
TWST: Could we start out with a quick history and brief overview of

Bidhit just to set the stage for the readers.

Mr. Black: Bidhit.com was founded a little over two-and-a-half years

ago. It