NEWPORT BEACH, Calif., Aug. 22, 2006 (PRIMEZONE) -- RBID.com, Inc. (Pink Sheets:RBID) president, Mr. Alan Rothman, today announced the formation of the Board of Advisors. The board will consist of a carefully selected team of industry veterans with experience in the Internet, technology, financial, operational, educational, legal, and marketing strategy, to assist the company with specific expertise in projects the company plans to undertake in the coming months. It is anticipated that the role of the board will be to set the strategic direction of the company and make important corporate strategic and advisory decisions that maximize both the company's, and shareholder value.
The company aims to build a well-rounded Advisory Board and is committed to a globally representative mix, with members from all major world regions that have excelled in their fields. It is expected that the company will announce its first appointment to the board in the near future. Mr. Rothman, who also hosts the entrepreneurial radio show, Business of Success, stated; "For many years I've had the opportunity to interview some of the greatest business minds on the planet and I fully recognize the tremendous benefits that a carefully structured board of mentors can bring to RBID.com, Inc. as we move forward."