uBid.com Introduces "Mega Million Dollar June"

June 5, 2006, Chicago, Ill. – uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid. Inc. subsidiary is one of the leading business-to-consumer and business-to-business online auction companies (www.uBid.com), announced today the launch of its Mega Million Dollar June jewelry auction promotion. The company is auctioning off a range of fine jewelry items collectively valued at several million dollars via auctions starting at $1.00.

uBid.com's Mega Million Dollar June auctions will extend through June 30th. Jewelry auctions starting at $1.00 will include high quality, high value fine gemstone and diamond earrings, pendants, bracelets, necklaces and rings. All jewelry items have been appraised and come with certificates of authenticity and warranties.

"We are pleased with the consumer response to our growing jewelry auction category," said Anthony Priore, Chief Marketing Officer for uBid.com. "We believe this new promotion will further underscore our commitment to delivering great value as a trusted marketplace to our customers,” he said.

Further details of the Mega Million Dollar June promotion can be found by clicking on the Jewelry tab at www.ubid.com. Pending the response to this promotion, the company is considering "Mega Million Dollar" themed promotions in its other major product categories as well. About uBid, Inc.

uBid.com Holdings, Inc. operates an online auction marketplace located at www.uBid.com offering new, close-out, overstock and refurbished merchandise to both consumers and businesses through a trusted auction style and fixed price format. uBid.com provides consumers the opportunity to bid on or buy a wide variety of popular, brand name products at significant discounts. uBid.com's unique platform enables only certified suppliers and manufacturers a more efficient and economical channel for maximizing revenue of their surplus merchandise. Furthermore, uBid.com offers consumers a trusted buying environment, eliminating potential fraud by certifying all its merchants and processing 100% of all merchandise transactions between buyers and sellers. uBid.com Holdings, Inc. is publicly traded on the Nasd OTC bulletin board (OTC BB: UBHI)

uBid Contact:
Anthony Priore
Chief Marketing Officer
Tel: 773-272- 4446
Fax: 773-272-4055
tpriore@ubid.com