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About uBid.com - In The NewsABOUT UBID.COM
IN THE NEWS
December 19, 2007 uBid.com, one of the leading business-toconsumer and business-to-business online auction companies (www.uBid.com) announced today the acceptance of its 3500th partner into its uBid Certified Merchant (UCM) Program, which makes uBid.com one of the largest trusted platforms for purchasing brand-name liquidated merchandise on the internet. uBid’s Certified Merchant Program, which gives qualified online merchants access to uBid.com’s six million plus customers in an online auction format, is also noted for its strict vendor screening process. To protect buyers and sellers from the rampant fraud plaguing other e-commerce sites, uBid rejects approximately 67% of all seller applicants who do not pass uBid’s stringent 10-point vendor qualification process. more
December 03, 2007 uBid.com released the first phase of a three-phase site redesign strategy to take advantage of untapped opportunities in organic search by adopting Search Engine Optimization (SEO) best practices. As online marketers are forced to deal with an increasingly fragmented media landscape, reaching the right customers at the right time has become a much more daunting task. For that reason online marketers have trained their eyes on search engine marketing, which has emerged as one of the best indicators of online purchase intent. more
November 30, 2007 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 1.8 million shares of uBid.com (OTC:UBHI) stock, approximately 10% of uBid’s outstanding shares, in market transactions.. “I believe uBid’s wealth of online selling experience, recent focus on maximizing relationships with their merchants and CEO Jeff Hoffman’s unique experience in the auction and e-commerce space positions the company to win big in the multi-billion dollar online liquidation market,” said Mr. Deikel. more
November 14, 2007 uBid.com’s Certified Merchant Program continues to Grow Net revenues in uBid’s Certified Merchant Program were up 27.2% to $1.4 million--Net Loss improves $468,000 or 17.6% over the year-ago period- - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and non-cash compensation charge was a loss of $2.0 million compared to a loss of $2.4 million in the third quarter of the prior year. uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online auction marketplaces in the U.S., today announced results for the third quarter ended September 30, 2007. more
November 13, 2007 uBid.com, one of the leading business-toconsumer and business-to-business online auction companies (www.uBid.com) has teamed up with Mary Kay, the official beauty sponsor of “The 41st Annual CMA Awards” to launch “A Kiss for Country,” a philanthropic campaign dedicated to ending domestic violence. uBid.com will host more than 30 different online auctions for one-of-a-kind framed kiss prints of Country Music artists like Reba McEntire, Sara Evans, Miranda Lambert, Tanya Tucker, George Strait and Martina McBride. The online auctions for the “kiss card” plaques all have a starting bid of $55 and run from November 6, 2007 to December 31, 2007. 100% of the proceeds will be donated to the Mary Kay Ash Charitable Foundation to help end domestic violence against women and children. more
September 24, 2007 uBid.com Holdings, Inc. (OTCBB:UBHI), whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., announced today that Jeffrey D. Hoffman, accomplished entrepreneur and innovator in the fields of on-line auction and retail, software, and entertainment has been named its Chief Executive Officer. Hoffman will also join uBid.com's Board of Directors. Hoffman will succeed Robert H. Tomlinson, Jr., current CEO, who informed the Board on March 26 of his intention to step down by the end of 2007. Hoffman is a proven entrepreneurial executive in the e-commerce space who has founded and managed several businesses, and has held key leadership roles in the launch and subsequent growth of a number of online ventures, the most notable being Priceline.com (Nasdaq: PCLN). His experience in successfully building new e-commerce businesses as well as repositioning existing businesses will enable him to help find uBid’s “sweet spot” for growth and profitability. more
April 14, 2007 Good afternoon, and thank you for joining us today to discuss uBid's second quarter 2007 results. With me on the call is Bob Tomlinson, President and CEO. Please note that earlier today, the Company issued a press release describing its results for the second quarter of 2007. A copy of that release can be viewed on the investor relations section of the Company's website at www.ubid.com. Before we begin, I'd like to note that during the course of this call, various remarks we make about future expectations, plans, forecasts and prospects for the Company constitute forward-looking statements for the purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. more
April 14, 2007 Net Loss improves $1,184,000 or 43.5% over the year-ago period- - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and non-cash compensation charge was a loss of $1.2 million compared to a loss of $2.5 million in the second quarter of the prior year uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online auction marketplaces in the U.S., today announced results for the second quarter ended June 30, 2007. more
August 01, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S, announces the appointment of Amy Powers to Vice President, Technology. As Development Manager for uBid, Ms. Powers significantly enhanced the revenue line for the company’s Certified Merchant program and implemented innovative technological solutions to reduce costs. more
July 30, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today reported that it will host a conference call to discuss second quarter 2007 financial results on Tuesday, August 14, 2007 at 4:30 P.M. ET. Hosting the call will be Robert H. Tomlinson Jr., President and Chief Executive Officer, and Miguel Martinez Jr., Vice President Finance. A press release with second quarter 2007 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 1-866-578-5771 or for international callers 1-617-213-8055. A replay will be available one hour after the call and can be accessed by dialing 1-888-286-8010 or 1-617-801-6888 for international callers; the conference ID is 15011243. The replay will be available until August 21, 2007. The call will be webcast live from the Company's website at www.uBid.com under the Investor Relations section. more
May 14, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., announces the appointment of Casey Gunnell to its Board of Directors and Chairman of the Audit Committee. “Casey Gunnell brings a great depth of operations and financial experience with both start up and mature companies, said Steven Sjoblad, Chairman of uBid. We are pleased to welcome his expertise, which aligns with our commitment to provide shareholders with best in class board leadership.” more
May 14, 2007 Net Loss improves $600,000 or 30% over the year-ago period- - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and non-cash compensation charge was a loss of $1.1 million compared to a loss of $1.8 million in the first quarter of the prior year. uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today announced results for the first quarter March 31, 2007. more
April 03, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary, located at www.ubid.com, is one of the leading business-to-consumer and business-to-business online marketplaces, announced today that it has approved its 2,500th Seller into the uBid Certified Merchant program. “This is an important milestone for uBid as we continue to enable only approved Merchants to sell on the uBid.com platform. We continue to search for the best possible product offerings and sellers across the more than 200 product categories that we serve” said Timothy Takesue, President of uBid.com. “In our pursuit to provide trust and security for both buyers and sellers alike, we only certify approximately 33% of all applicants that apply to sell on uBid. Although the screening process may not allow the uBid marketplace to grow as fast as open online marketplaces, the result is a marketplace that all participants can trust. It is our belief that if continued to be managed properly, over time uBid.com could be one of the Internet’s most diverse and thriving marketplaces leading to further opportunities for the Company.” more
April 03, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., announced today that Robert H. Tomlinson, Jr. plans to step down as uBid.com Holdings, Inc’s (“uBid’s”) President and Chief Executive Officer. On March 26, 2007, Mr. Tomlinson informed the Board of Directors of the Company that he will not be renewing his employment agreement that terminates on December 29, 2007. Having led uBid through its transformation over the past five years, Mr. Tomlinson plans to move back to New Jersey where his family still resides. During the five years under Mr. Tomlinson’s leadership, uBid has refined its business model and strategy resulting in a merger and private offering in December 2005 creating the publicly traded company. Mr. Tomlinson has agreed to remain in his current position until a new CEO has been selected, at which time, he will then serve uBid in an advisory role during the transition through December 31, 2007. “On behalf of uBid’s employees, customers and shareholders, I want to thank Bob for his many contributions to the organization,” said Steve Sjoblad, Chairman of Board of Directors of uBid.com Holdings. “We regret that Bob has decided to leave uBid but certainly understand his desire to spend more time with his family. Bob’s leadership, energy and relentless focus on improving the company's operations have helped us execute on our commitments, enabling us to achieve increased customer satisfaction and improved financial performance.” Mary Jeffries, President and Chief Operating Officer of Petters Group worldwide and a recently appointed member on uBid’s Board of Directors, will lead a succession committee of the Board and plans to be actively involved in the search for a new Chief Executive Officer of uBid. The Company plans to continue with its previously announced strategic initiatives for fiscal year 2007. Mr. Tomlinson’s decision to not renew his contract is not related to a disagreement with the Board and there is no matter relating to his pending resignation that will need to be brought to the attention of the shareholders of the Company. more
March 22, 2007 Gross profits of $3.2 million were up 63% - - Gross margins were 24% up from 14% in the third quarter - - Adjusted Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and non cash compensation charge was $3,000 compared to a loss of $2.3 million in the third quarter. uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today announced results for the fourth quarter and full year ended December 31, 2006. more
March 14, 2007 uBid.com, one of the largest online auction sites in the U.S., announced today its’ “Bear Belly Baby Pool” contest winners. Jennifer Gordon was the pregnant Bears fan that sparked global interest with the unprecedented “Bear Belly” promotional campaign to acquire tickets to watch her much-loved Bears in SuperBowl XLI. Chicago-based uBid.com made the Gordons’ dreams come true by sponsoring Jennifer’s 8-month-pregnant belly in exchange for two 50-yard-line seats to watch the Bears take on the Colts. more
March 13, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI), whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today announced that it will host a conference call to discuss fourth quarter 2006 financial results on Thursday, March 22, 2007 at 5:00 P.M. ET. Hosting the call will be Robert H. Tomlinson Jr., President and Chief Executive Officer, and Miguel A. Martinez Jr., Vice President of Finance. A press release with fourth quarter 2006 financial results will be issued after the market close that same day. The conference call can be accessed live over the phone by dialing 1-800-811-8824, or for international callers 1-913-981-4903. A replay will be available one hour after the call and can be accessed by dialing 1-888-203-1112 or 1-719-457-0820 for international callers; the conference ID is 4083129. The replay will be available until March 29, 2007. The call will be webcast live from the Company's website at www.ubid.com, under the Investor Relations section. more
March 12, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today announced the appointment of Mary Jeffries, President & COO of Petters Group Worldwide and David Baer, Chief Legal Officer of Petters Group Worldwide to its Board of Directors. These appointments replace Stuart Romenesko and Paul Traub who tendered their resignation as Directors. Their resignations became effective immediately prior to the appointments of the new Directors. “The Board and I are committed to be focused on enhancing performance and delivering value for customers and shareholders,” Steven Sjoblad, Chairman of uBid recently stated. “These changes facilitate delivering on that promise by aligning uBid with two senior advisors from Petters Group representing our largest shareholder”. more
February 14, 2007 uBid.com Holdings, Inc. (OTCBB: UBHI) whose uBid, Inc. subsidiary is one of the leading business-to-consumer and business-to-business online marketplaces in the U.S., today announced the appointment of Steven Sjoblad as Chairman of its Board of Directors. "I am honored to lead this exciting organization and build on their recent achievements. uBid has a strong core business and exciting opportunities in its future. I believe that the Company continues to have tremendous potential for growth and that we have an exciting future ahead of us," said Steve Sjoblad. "The Board and I are committed to be focused on enhancing performance and delivering value for customers and shareholders." more
February 8, 2007 CHICAGO February 8, 2007 2006 – 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), and sponsor of pregnant Bears fan Jennifer Gordon’s belly at Super Bowl XLI announces the start of a national Baby Pool. The Bear Belly Baby Pool gives fans around the country the opportunity to guess the due date, gender, weight and length of Baby Gordon. Entrants can also chime in on names, with some ‘Bear friendly’ suggested monikers, including Walter and Halas. The Bear Belly Baby Pool is free to enter and fans can participate by logging on to www.ubid.com/bearbelly. “Despite the Bears’ loss, our experience at the Super Bowl was a once in a lifetime adventure,” said Jennifer Gordon. “Of course the most exciting event for us this year will be the birth of our first child and we enjoy viewing all the Baby Pool predictions.” “The tremendous response to uBid’s sponsorship of Jennifer’s Belly inspired us to continue the fun and create the national baby pool,” said Robert Tomlinson, uBid.com CEO. BACK IN THE GAME—Winner to Get Super Bowl XLII Tickets. The Grand Prize winner who correctly guesses the gender, date, time, weight and length of the baby will receive 2 tickets to Super Bowl XLII in 2008. Other prizes include a Polaroid 42” Plasma, Apple iPod Nanos and uBid.com gift certificates. more
January 31, 2007 CHICAGO - January 31, 2007 – 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), is bellying up to a unique ad opportunity for the Super Bowl. uBid.com will sponsor the ad space available on the belly of pregnant Bears fan Jennifer Gordon, who is offering prime space in exchange for two tickets to the game. more
January 11, 2007 Chicago, IL, January 11, 2007 – 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 expansion of its Express Auction platform. The company is extending Express Auction Hours while also increasing the product category offering. uBid.com's Express auctions will now run 24 hours a day, 7 days a week with all auctions running for 30 minutes. Products up for auction will now include Jewelry, Consumer Electronics, Tools, Home and Garden, Apparel and more! All items will start at $1. more
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