uBid.com Holdings, Inc.'s Registration Statement on Form S-1 Declared Effective by the SEC

July 24, 2006, Chicago, Ill. -- uBid.com Holdings, Inc. (OTCBB: UBHI), announced that its Registration Statement on Form S-1 filed on February 10, 2006, and amended most recently on June 30, 2006, was declared effective on Friday, July 21, 2006 by the Securities and Exchange Commission. The Registration Statement includes 20,210,109 shares of common stock which are held by existing shareholders of the Company who will be able to sell these shares in market transactions or privately negotiated sales. The Company will not receive any of the proceeds of the resale of these shares. The Company currently has 20,333,333 shares of common stock outstanding. Registration also includes 3,903,338 shares of common stock issuable upon exercise of warrants held by investors of the Company. The Company's shares will continue to trade under the symbol UBHI on the NASD OTC Bulletin Board.

"uBid.com's registration with the SEC will provide assurance to current institutional investors, as well as individual investors in our common stock, that we remain committed to the highest standards of financial reporting," said Robert H. Tomlinson, Jr., President & CEO. This news release is not an offer to sell or a solicitation of an offer to buy the securities discussed herein.

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 (UBHI)

SEC Filings and Forward-Looking Statements
Additional information about uBid.com is available in the company's annual report on Form 10- K/A, filed with the Securities and Exchange Commission. Certain statements made in this release are forward-looking statements. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business of uBid.com Holdings, Inc. and the industries and markets in which uBid.com Holdings, Inc. operates. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions, which are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or implied by these forward-looking statements. Factors which may affect the forward looking statement identified above and uBid.com Holdings, Inc.'s business, financial condition and operating results generally include the effects of adverse changes in the economy, reductions in consumer spending, declines in the financial markets and the industries in which uBid.com Holdings, Inc. and its partners operate, adverse changes affecting the Internet and e-commerce, the ability of uBid.com Holdings, Inc. to develop and maintain relationships with strategic partners and suppliers and the timing of its establishment or extension of its relationships with strategic partners, the ability of uBid.com Holdings, Inc. to timely and successfully develop, maintain and protect its technology and product and service offerings and execute operationally, the ability of uBid.com Holdings, Inc. to attract and retain qualified personnel, the ability of uBid.com Holdings, Inc. to successfully integrate its acquisitions of other businesses, if any, and the performance of acquired businesses. uBid.com Holdings, Inc. expressly disclaims any intent or obligation to update these forward-looking statements, except as otherwise specifically stated by uBid.com Holdings, Inc.

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