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About uBid.com - In The News
 uBid.com Holdings, Inc. Renames Holdings
Company “Enable Holdings, Inc.”
August 8, 2008
uBid.com Holdings Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today officially changed the name of uBid.com Holdings, Inc. (the Company) to Enable Holdings, Inc.
“The Company’s name change coincides with the restructuring project as part of its new business model of a comprehensive excess inventory solutions provider, consisting of multiple asset recovery channels. Major components of the Company’s restructuring project are complete, with additional initiatives continuing through the balance of 2008 as the Company continues to execute implementation of its new strategy as Enable Holdings, Inc.” more
Hong Kong Logistics Mission Targets Chicago
August 7, 2008
uBid.com Holdings, Inc (UBHI.OB), a leading asset recovery solutions company, today announced that it will host the 2008 HKTDC Logistics Sector Trade Mission to the United States.
“The Hong Kong Trade Development Council (HKTDC), organizer of the mission, has named uBid.com Holdings, Inc. to host the e-commerce facilities tour for the Hong Kong group. The mission program, November 16 to 21, will cover Illinois and California. The 10-member delegation will visit selected facilities in Chicago, including the uBid warehouse in Naperville, Illinois. An operational briefing and discussion of 3PL (Pick, Pack and Ship) operations for e-commerce has also been arranged.” more
uBid.com Holdings, Inc. Invited To Present At The 100th Financial Services Exchange Conference
July 31, 2008
uBid.com Holdings, Inc. (UBHI.OB), a leading asset recovery solutions company for the world’s most trusted brands, today announced the invitation of Chief Executive Officer Jeff Hoffman to present at the 25th Anniversary of the Financial Services Exchange’s (FSX) Connect For Success Conference at Chicago’s InterContinental Hotel.
“We are honored to accept the invitation of such a well-respected organization,” said Hoffman. “We are extremely excited to introduce our new business plan of providing the world’s leading retailers and manufacturers a comprehensive, multi-channel asset recovery solution to the Connect For Success Conference.” more
uBid.com Holdings, Inc. Announces Plan To Launch
Fixed-Price Commerce Website RedTag.com
July 22, 2008
uBid.com Holdings, Inc. (UBHI.OB), a leading asset recovery solutions company for the world’s most trusted brands, today announced the planned launch of RedTag.com as part of its new business strategy of creating a comprehensive, multi-channel asset recovery solution.
RedTag.com, whose launch is projected for August 29, 2008, will be a fixed price e-commerce website in the uBid.com Holdings, Inc. collection of asset recovery channels. In preparation for the acquiring of assets of RedTag.com, potential fixed price only revenue will be separated from uBid.com Holdings Inc.’s flagship auction site, uBid.com. more
uBid.com Holdings, Inc. Secures $10 Million Financing Commitment
With Fusion Capital Fund II, LLC
July 16, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery
solutions company for the world’s most trusted brands, today announced that it has entered into
a $10 million common stock purchase agreement with Fusion Capital Fund II, LLC, a Chicagobased
institutional investor.
Up to $10 million of uBid.com Holdings’ common stock may be sold to Fusion Capital from time
to time over a 24-month period after the Securities and Exchange Commission has declared
effective a registration statement related to the transaction. uBid.com Holdings will use the
proceeds to further implement its recently announced strategic change to focus on liquidating
excess inventories. more
EQUITIES Magazine Invites uBid.com Holdings, Inc. To Present As An Emerging Growth Company
June 19, 2008
uBid.com Holdings Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, will present today at the New York Athletic Club to an audience of brokers, hedge fund managers, portfolio managers, and sophisticated private investors at EQUITIES Magazine’s Summer Conference to highlight emerging growth companies. Since 1981, EQUITIES Corporate Conferences have been staples within the industry, pairing the most exciting emerging companies in the world with sophisticated audiences of institutional and private investors.
EQUITIES Magazine selected uBid.com Holdings, Inc. to present at the Summer Conference due to its stock price per share more than doubling since the April announcement of the company’s new shift in business strategy. uBid.com Holdings Inc.’s revamped strategy includes its new streamlined multi-channel sales model, showing the company’s focus and dedication to serving the asset recovery needs of their brand-name partners. more
uBid.com Holdings, Inc. Streamlines Operations Announces Closing Of Bidville.com
May 23, 2008
uBid.com Holdings Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced the decision to close its consumer-to-consumer auction website Bidville.com due to uBid.com Holdings’ recent strategic change to focus on liquidating excess inventories.
Bidville.com’s consumer-to-consumer model does not fit within uBid.com Holdings’ recently streamlined strategy to provide comprehensive asset recovery solutions to its brand-name partners through a multi-channel sales model. “We recently introduced a new, more focused business strategy,” said uBid.com Holdings CEO Jeff Hoffman. “uBid.com Holdings is now a multi-channel asset recovery solutions provider. Clearly, our expertise is in a business-to-consumer marketplace
dealing only in certified supply. We are simply not equipped to run a C-to-C marketplace like Bidville.com.” more
Bruce Hutchison Named uBid.com Holdings, Inc. Vice President of Marketing
May 22, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced the appointment of Bruce Hutchison to Vice President of Marketing. Hutchison will lead uBid Holdings’ strategy, branding and customer acquisition/retention efforts as uBid.com Holdings augments its online auction platform with additional sales channels.
Hutchison, a veteran marketer having held senior marketing roles at Midas International Corporation, Thompson Multimedia and D’Arcy, Masius, Benton & Bowles, is an ideal leader for uBid.com Holdings marketing efforts as they execute on the recent shifts in their business strategy. Most recently, Hutchison worked with Sears Holdings Corporation’s Kmart business to implement its first-ever customer loyalty program, which used both online and offline data to learn about and better serve their customers through
more personal and relevant communications and incentives. more
Glenn Weisberger Appointed uBid.com Holdings, Inc. Executive Vice President of Business Development
May 19, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced the appointment of Glenn Weisberger to the position of Executive Vice President.. At uBid.com Holdings, Weisberger will serve in both a business development and legal advisement capacity.
An accomplished lawyer and Certified Public Accountant with over 20 years experience, Weisberger is well equipped to help uBid Holdings tackle their aggressive near-term growth agenda. Weisberger established a solid track record in both the online and entertainment industry’s complex legal and financial arenas, serving in several Chief Financial Officer and General Counsel roles throughout his career. Most recently, Weisberger served as both General Counsel and Chief Financial Officer for Silicon Valley-based Navio Systems, Inc. Most notably, Weisberger also served as Vice President of Legal and Business Affairs for Universal Television and Networks Group / MCA Television Limited. Weisberger earned his Bachelor of Science in Business Administration from California State University and his Juris Doctor from Pepperdine University School of Law. more
uBid.com Holdings, Inc. Announces Approval of All Proposals At Annual Stockholders’ Meeting
May 19, 2008
uBid.com Holdings, Inc. announced today the voting results for proposals considered at its annual stockholders’ meeting held on May 16, 2008.
Two matters were presented for stockholder approval: 1. to re-elect Kenneth J. Roering (Class I Director, 2009 Term), Mary L. Jeffries (Class I Director, 2009 Term), David E. Baer (Class II Director, 2010 Term), Casey L. Gunnell (Class II Director, 2010 Term), Jeffrey D. Hoffman (Class III Director, 2011 Term) and Steven Sjoblad (Class III Director, 2011 Term) as directors; and 2. to ratify the selection of BDO Seidman, LLP as uBid.com Holdings, Inc.’s independent registered public accounting firm. All directors were re-elected by the stockholders and BDO Seidman, LLP was ratified as the Company’s independent registered public accounting firm. more
uBid.com Holdings, Inc Announces New Relationships With Several Major Business Partners
May 08, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced a distinguished roster of new business relationships as a result of their changing business strategy.
New business partners include top brands such as Fujitsu, Samsung, Best Buy, Casio, Office Depot, Westinghouse and Sharper Image. These relationships will assist uBid.com Holdings with the implementation of their new strategy. The new relationships will provide added depth to uBid.com Holdings’ product mix in several categories, including electronics, cameras, computers and televisions. New partners Samsung, Westinghouse and Fujitsu will be utilizing the newly announced business-to-business solutions channel, in addition to existing channels within the new strategy. more
uBid.com Holdings, Inc. Announces New Roster of Communications and Operations Partners
May 06, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced that offline physical liquidation solutions, or brick and mortar “tent sales” would become a permanent channel in its multi-channel asset-recovery sales model.
After successfully helping its financial partners liquidate the retail facilities of brands like Appliance Electronics Depot, Laminate Store International, and Hollywood Video with offline brick and mortar sales in Florida earlier this year, uBid.com Holdings will make its physical facilities liquidation channel, “uLive”, a permanent part of its seller solutions offerings. more
uBid.com Holdings, Inc. Announces New uLive Asset-Recovery Sales Channel
April 28, 2008
uBid.com Holdings, Inc. Announces New Roster of Communications and Operations PartnersuBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced a full roster of communications and operations partners to support its changing business strategy that focuses solely on selling excess inventory from top-brand manufacturers, retailers and distributors. uBid.com Holdings’ new direction better positions them to meet the growing demand for a streamlined asset recovery solution and meets consumer demand for name-brand merchandise at low prices.
uBid.com Holdings’ Chief Executive Officer Jeff Hoffman explained the connection between today’s partnership announcement and the recent uBid.com Holdings’ change in business direction. “Our new vision for uBid.com Holdings demands that our internal initiatives are aligned with a very specialized roster of strategic partners. Our new partnerships help us move a great deal closer to both streamlining internal processes and communicating our value-proposition to our buyers and sellers.” more
uBid.com Holdings, Inc. Appoints Investor Awareness, Inc. for Investor Relations Program
April 24, 2008
uBid.com Holdings, Inc. (UBHI.OB), the leading asset recovery solutions company for the world’s most trusted brands, today announced it has retained Investor Awareness, Inc. to provide investor relations services, including raising the company’s visibility among members of the financial community.
“This is an exciting time in uBid.com Holdings’ history and we welcome the opportunity to help communicate the company’s story and plans for the future,” said Tony Schor, President of Investor Awareness, Inc. “Under the direction of its Chief Executive Officer, Jeff Hoffman, uBid.com Holdings is developing new business strategies that we will be broadly communicating to the investor community. We look forward to working with Mr. Hoffman, a successful Internet entrepreneur who was a founding member of the Priceline.com executive team and who has had a long and winning track record in the fields of on-line auction, retail, software and entertainment.” more
uBid.com Holdings, Inc. Announces New Business Focus to Serve Growing Excess Inventory Markets
April 22, 2008
uBid.com Holdings, Inc. (UBHI.OB), owner of uBid.com - one of the leading business-to-consumer and business-to-business online auction companies, today announced it is changing its business strategy to focus solely on liquidating excess inventories for top-brand manufacturers. This new direction meets the growing demand among major manufacturers, distributors, and retailers for a streamlined asset recovery solution and builds on the company’s solid foundation, having liquidated more than $2 billion of excess inventory for over 7,000 sellers in the last 10 years.
“The excess inventory problem exists across every vertical. Because no manufacturer, retailer or distributor can predict the future, there are going to be supply-chain inefficiencies and a need for uBid.com Holdings’ services,” said Jeffrey Hoffman, Chief Executive Officer. more
uBid.com Announces Annual Stockholder Meeting Date
April 18, 2008
uBid.com Holdings, Inc. (OTC Bulletin Board: UBHI) announced today that it will hold its 2008 Annual Meeting of Stockholders on May 16, 2008 at 10:00 a.m. (CST).
The meeting will be held at the Chicago Marriott O’Hare Hotel, located at 8535 West Higgins Road, Chicago, Illinois, 60631. The Company intends to begin mailing the proxy statements to the stockholders on or about April 18, 2008. more
uBid.com Announces Chief Financial Officer Promotion
January 08, 2008
uBid.com, one of the leading business-toconsumer and business-to-business online marketplaces in the U.S, announces the promotion of Miguel Martinez, Jr. from VP, Finance to Chief Financial Officer.
In his new role as Chief Financial Officer, Mr. Martinez takes on an expanding set of duties and responsibility for managing uBid's Risk, Reporting and Analysis Center. Recently created in December 2007, the center serves to more strongly tie uBid's departmental performance with their overall financial performance. more
Ted Deikel, Investor and Noted Direct Marketing Retailer, Increases Position in uBid.com
January 03, 2008
uBid.com, one of the leading business-toconsumer and business-to-business online auction companies (www.uBid.com), announced today that Ted Deikel, veteran investor and Former Fingerhut CEO, purchased an additional 466,000 shares of uBid.com stock, bringing his position in uBid to approximately 12% of its outstanding shares.
This purchase of 466,000 shares follows Mr. Deikel’s November 2007 purchase of 1,784,000 shares of uBid.com stock, which at the time was approximately 10% of uBid’s outstanding shares. more
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