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uBid WELCOMES ANDREW GOLDBERG AS CHIEF TECHNOLOGY OFFICER

CHICAGO (July 30, 2012) - uBid, the go-to online marketplace for technology products, home goods and gadgets, as well as products within 25 additional categories, announces that Andrew Goldberg recently joined the company as chief technology officer (CTO). Within his new position, Goldberg will work extensively with a team of individuals to help revamp uBid's platform to provide innovative new technology functionality and developments for the site to ensure an optimal customer experience.

Previously the chief solutions architect at Allstate Insurance Company, Goldberg has worked within the technology industry for the past 20 years. Managing teams of up to 300 people, he has created several critical systems within the industry, including a proprietary wealth management platform for Citibank and a system that allowed Allstate to move its claims operations to an electronic format, eliminating the need for paper and creating ease for their customers.

"As uBid plans to add key new features and functionality to our website, we're thrilled that someone of Andrew's caliber has decided to join our team," said Scott Koerner, president and CEO of uBid. "His proven expertise within the technology industry will make him a tremendous asset to the team. We're moving into a new phase as a company, and it's critical to have fresh talent and ideas to expand our services and provide an even better customer experience."

"With uBid, I saw an opportunity to get into a continually growing company and really help leave my mark and change the way e-commerce sites are built and designed," said Goldberg. "Now is the time to be part of this company because we really have a great management team in place and all of the right ingredients to achieve our very aggressive goals. We want to shift the way consumers are making purchases online to make it very simple, entertaining and exciting far beyond the purchase process."

Outside of the technology industry, Goldberg avidly volunteers his technology services with several non-profit organizations and companies, as well as being actively involved with the Boy Scouts of America. He enjoys spending time with this wife and three children and always stays up-to-date on the latest technology gadgets and gizmos.

For more information about uBid, visit www.ubid.com

Media Contact: Leslie Petersen Ι Stephanie Poquette Zapwater Communications 312.943.0333 Leslie@Zapwater.com Stephanie@Zapwater.com

About RedTag.com
RedTag.com, a uBid Holdings Inc. Company, is an online deal-based marketplace that offers a variety of products across multiple categories, including Home Goods, Technology, Electronics, Jewelry and Fashion. RedTag offers one new 24-hour "Deal of the Day" each day, as well as regular "Flash Sale Events" which feature unique products at price points that represent the lowest available on the web.

About uBid.com
uBid.com launched in 1997 and has since remained the go-to online marketplace offering new, overstock, closeout and recertified products within the technology industry, as well as 25 additional categories, including Collectibles, Fine Art, Jewelry, Home and Garden, Travel and more. About six million members use uBid to find discounted items from brand name manufacturers and other certified professional sellers. Specializing in offering substantial deals on some of the coolest technology and electronics in the market, uBid's lasting partnerships with some of the top product manufacturers during the last 15 years ensures that all items are of the highest quality. Recently re-launched with new ownership, uBid remains one of the lowest priced auction sites offering auction listings, fixed-price options, and Deals from its sister site, RedTag.com. For more information about uBid, visit them on Facebook at www.facebook.com/uBid.Redtag, on Twitter at @uBidDeals, and at www.uBid.com.


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