CHICAGO, Dec. 6, 2006 (PRIME NEWSWIRE) -- 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 a strong start to the holiday shopping season. Starting with Black Friday, along with Cyber Monday until yesterday (Friday, November 24 through Tuesday, December 5) the number of visitors to the popular auction website, www.ubid.com, jumped 33% compared to the previous 12 day period in prior month. Moreover, Customer Registrations grow 58% largely due to the recent launch of the "uBid uPhoria" commercial on November 22, 2006.
"The trend is terrific and a testament to the efforts made in improving our auction marketplace platform so far this year," said Robert H. Tomlinson, Jr., CEO of uBid.com Holdings, Inc. "Just a wonderful start to our peak season which should continue well into the 1st quarter of 2007. This is a result, we believe, of the growing popularity of uBid's alternative marketplace for our Sellers, coupled with the growing popularity of online shopping using an auction format."
Tomlinson added, "The recent customer registration success from the launch of its uBid's uPhoria commercial, by its marketing partner, SendTec, Inc. (OTCBB:SNDN), reflects our recent movement as an online marketer into offline channels with a solid return on investment. We plan additional growth by testing a variety of mediums in 2007 to include newspaper, print and direct mail. Thus getting brand recognition while driving visitor demand cost effectively. While I'm thrilled with these results, this is only a 12 day period and does not necessarily reflect our overall growth forecast for the fourth quarter."
About uBid.com Holdings, Inc.
uBid.com Holdings, Inc. and subsidiaries (the "Company") operate a leading on-line Business to Consumer and Business to Business marketplace that enables itself, certified merchants, manufacturers, retailers, distributors and small businesses to offer high quality excess, new, overstock, close-out, refurbished and limited supply brand name merchandise to consumer and business customers primarily located in the United States. Through the Company's website, located at www.ubid.com, the Company offers merchandise across a wide range of product categories including but not limited to computer products, consumer electronics, apparel, housewares, watches, jewelry, travel, sporting goods, home improvement products and collectibles. The Company's marketplace employs a combination of auction style and fixed price formats. 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 Holdings, Inc. is available in the company's annual report on Form 10- K as amended, 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.