uBid Announces an Innovative Partnership Opportunity on their Multi-Million Dollar Platform

uBid recently introduced a selling solution for small to medium size businesses to expand their marketplace, uBid Certified Merchants (UCM). UCM is a cost-effective, turnkey solution for businesses wanting to sell products in a dynamic environment where the marketplace sets the price in an uncluttered sellers environment.

Businesses now have the ability to tap into the auction marketplace without investing capital into backend technology. The program was developed to give merchants a simplistic selling platform where uBid administers all credit card processing, fraud prevention, initial customer inquires and sales reporting. In addition to the technology, merchants benefit from uBid's advertising efforts, driving qualified, auction-friendly customers directly to the merchants products.

"The uBid Certified Merchant Program creates an alternate channel for businesses to sell. Whether their looking to move merchandise online or testing new product development, we will accommodate their needs in a hassle-free, cost-effective nature" says Matt Battles, Manager of uBid Certified Merchants.

With uBid making it's first exhibitor appearance at the 2004 Consumer Electronic Show in Las Vegas, the announcement will be presented to thousands of potential uBid Certified Merchants. For more information about UCM, visit www.ubid.com/ucm or stop by the Central Hall, Booth # 13336 in the Las Vegas Convention Center January 8-11, 2004.

About uBid.com
uBid is a leading brand name auction marketplace that offers consumers and businesses leading manufacturer's merchandise below wholesale prices. Founded in 1997, uBid has swiftly emerged as a major force in the e-commerce world. Today, as a member of Petters Group, uBid specializes in providing customers with savings on items from leading brands. In addition to uBid's own product listings, uBid features uBid Certified Merchants listings in which consumers will find items listed by uBid-approved businesses. With more that 4 million registered users, uBid is committed to providing its valued customers with the highest quality experience on the Internet and offers manufacturer warranties on most products. For more information, visit www.ubid.com.

About Petters
Petters Group Worldwide is a dynamic collection of companies that create, develop and invest in companies that manufacture, procure and market consumer merchandise. The group of companies includes both retail and wholesale companies. For additional information visit www.pettersgroup.com.

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