uBid, Inc. Hires Tony Priore For New Chief Marketing Officer Role

Online auction provider, uBid, Inc., part of the Petters Group Worldwide family of companies, announced it has hired Tony Priore to fill its newly created Chief Marketing Officer position and executive management team. Priore, a 25 year marketing veteran, has been recruited to help drive the growth of uBid's core consumer and merchant markets and expand the company's strategic positioning as "The Marketplace You Can Trust. ^TM"

Priore's career includes extensive experience in interactive, direct/database and brand marketing from a range of successful, recognized companies including Leo Burnett, Experian, Peapod, Citicorp Diners Club, Rewards Network (formerly iDine), DDB, and Yesmail (formerly a CMGi company). He is the co-author of the pioneering book, Email Marketing, Using Email to Reach Your Target Audience & Build Customer Relationships and he holds both his bachelor and master's degree from Northwestern University in Evanston, Illinois.

"I am thrilled to be joining the uBid team," said Priore. "I believe this company has great potential and it will create a significant new market in the online auction space by delivering on the promise of trust to consumers."

"Tony brings the experience, energy and enthusiasm our company needs to get to the next level of growth," said Bob Tomlinson, CEO of uBid, Inc. "He has a proven track record in the interactive marketing space and I am confident his marketing leadership will serve us well in the future," he said.

About uBid, Inc.
uBid is a leading brand name auction marketplace that offers consumers and businesses manufacturers merchandise at below wholesale prices. Founded in 1997, uBid has swiftly emerged as a major force in the e-commerce world. Formerly owned by CMGi, today uBid is a member of Petters Group Worldwide, uBid specializes in providing customers with savings on items from leading brands. In addition to uBid's own product listings, uBid features uBid Certified Merchant listings in which consumers will find items listed by uBid approved businesses. With more than 5 million registered users, uBid is committed to providing its valued customers with the highest quality experience on the Internet and offers manufacturer warranties on products. For more information, visit the company's web site at www.ubid.com.

About Petters Group Worldwide
Petters Group Worldwide^TM is a recognized leader in creating, developing and investing in companies that manufacture, procure and market merchandising solutions for key growth markets. Petters' core portfolio includes a growing list of retail and wholesale companies operating in the United States, Brazil, China, Japan, Korea, Mexico, and Spain. For additional information visit www.pettersgroup.com.

CONTACT:
Tony Priore
773.272.5000
anthonyp@ubid.com