Contact Information: Contact Information: RBID.com, Inc. 895 Dove Street Newport Beach, CA 92660 Email: mairead@rbid.com Phone: 1-949-851-4733 Fax: 1-888-841-8464 Leverage Inc. 1200 Main St., Suite E Irvine, CA 92614 Email: leverage@launchsquad.com Phone: 1-415-625-8555
RBID.com, Inc. Forges Strategic Partnership With Leverage Inc.
RBID to Obtain Significant Percentage of Leverage's Capital Stock
| Source: Leverage Inc.
NEWPORT BEACH, CA and IRVINE, CA--(Marketwire - August 19, 2008) - RBID.com, Inc.
(PINKSHEETS : RBDC ) president and CEO, Mr. Alan Rothman, today announced a
strategic relationship with Leverage Inc. Leverage is an innovative
marketing technology company that provides a patent-pending, free web
application, supplying its members with the tools they need to add value to
their consumer experiences. Under the terms of the deal, RBID has secured
the right to acquire up to twenty-five percent of Leverage's capital stock.
RBID's ownership interest in Leverage is expected to provide RBID
shareholders with the opportunity to benefit from the exponential growth of
Leverage in the coming years.
RBID's CEO, Mr. Alan Rothman, said, "I am very excited about our deal with
Leverage Inc. The company is fast emerging as a market leader in providing
gift card services, including selling gift cards on behalf of major
retailers, helping consumers track their gift card balances, and providing
Leverage members with a community where they can swap their unwanted gift
cards. I believe an ownership interest in Leverage will prove an extremely
lucrative transaction for RBID and its shareholders."
Leverage's proprietary applications also provide a dashboard view of
loyalty points and miles that consumers earn through their various retailer
rewards programs. A highlight of the Leverage service is its Transparent
Targeting technology which enables highly targeted offers and savings to be
presented to each Leverage user in a 100% non-interruptive way based on
anonymous user information and feedback.
"We are excited about our deal with RBID because it provides us with the
necessary working capital to continue the rapid growth of our user base and
the development of our best-in-class technology," says Mark Edward Roberts,
CEO of Leverage Inc. "Leverage is also looking forward to drawing on the
business and technical expertise of RBID's principals to further strengthen
our position in the market."
About Leverage Inc.
Leverage Inc. provides a free personal web application for users to manage
their offers and savings, gift cards, and loyalty/rewards programs online.
Leverage customers have access to a single application that allows them to
purchase, track and exchange gift cards, earn interest on gift card
balances with complimentary bankruptcy insurance, manage loyalty and reward
programs, and receive highly targeted offers and savings from retailers.
Furthermore, Leverage allows businesses to deliver offers and marketing
messages in a non-interruptive and completely transparent way at the very
moment customers are preparing to shop. Privately held and based in Irvine,
California, Leverage Inc. can be found at http://www.LeverageCard.com.
About RBID.com
RBID.com, Inc. (http://www.rbid.com) is a financial IT and marketing
company. RBID also facilitates the acquisition, commercialization,
promotion and protection of both emerging patented and/or proprietary
technologies. RBID.com, Inc has the exclusive US and European licensing and
distribution rights to the home budgeting software, Simply Budgets
(www.simplybudgets.com).
"SAFE HARBOR"
Certain statements in this news release may contain forward-looking
information within the meaning of Rule 175 under the Securities Act of
1933, and are subject to Rule 3B-6 under the Securities Exchange Act of
1934, and are subject to the safe harbor created by those rules. All
Statements, other than statements of fact, included in this release,
including, without limitation, statements regarding potential future plans
and objectives of the company, are forward-looking statements that involve
risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and other results and further events could differ
materially from those anticipated in such statements. Future events and
actual results could differ materially from those set forth in,
contemplated by, or underlying the forward-looking statements.