mj-trading
05-26-2008, 11:19 AM
Sellers below is a copy of a release news letter!
If you have money in your account, get it out!
uBid Holdings, Inc. Streamlines Operations
Announces Closing Of Bidville.com
Asset Recovery Leader’s New Direction Doesn’t Support
Consumer - to - Consumer Auction Site
Chicago, May 23, 2008 – uBid 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 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.”
Guests may still register for the Bidville.com website via the “Register Now” button,
which will remain active and allow users to bid in open auctions until June 13, 2008,
when existing auctions must close. No new auctions may be listed as of May 27th and
existing sellers have until June 27th to complete transactions. Prorated refunds will be
available to sellers who provide their username, email address, and amount due in an
email to refunds@bidville.com.
“We certainly appreciate everything the Bidville community has contributed.
The closing of the Bidville site will have no material financial impact on uBid.com
Holdings in the second quarter 2008. uBid Holdings, Inc. previously fully amortized
the Bidville asset in the first quarter of 2008.
.
About uBid Holdings, Inc.
uBid Holdings, Inc. is the world's leading excess inventory solutions company that links
brand name sellers with customers around the globe. uBid Holdings, Inc. does this
through its multi-channel asset-recovery solution that includes an online auction platform
located at physical facilities liquidation and a business-to-business
selling platform. Brand name sellers are able to reduce excess inventory more efficiently
and profitably than ever before. And however they choose to buy, shoppers now have an
inside connection to the world's most trusted brands at prices far below retail. With more
than 10 years experience in online commerce, uBid Holdings, Inc. is headquartered in
Chicago, IL
If you have money in your account, get it out!
uBid Holdings, Inc. Streamlines Operations
Announces Closing Of Bidville.com
Asset Recovery Leader’s New Direction Doesn’t Support
Consumer - to - Consumer Auction Site
Chicago, May 23, 2008 – uBid 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 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.”
Guests may still register for the Bidville.com website via the “Register Now” button,
which will remain active and allow users to bid in open auctions until June 13, 2008,
when existing auctions must close. No new auctions may be listed as of May 27th and
existing sellers have until June 27th to complete transactions. Prorated refunds will be
available to sellers who provide their username, email address, and amount due in an
email to refunds@bidville.com.
“We certainly appreciate everything the Bidville community has contributed.
The closing of the Bidville site will have no material financial impact on uBid.com
Holdings in the second quarter 2008. uBid Holdings, Inc. previously fully amortized
the Bidville asset in the first quarter of 2008.
.
About uBid Holdings, Inc.
uBid Holdings, Inc. is the world's leading excess inventory solutions company that links
brand name sellers with customers around the globe. uBid Holdings, Inc. does this
through its multi-channel asset-recovery solution that includes an online auction platform
located at physical facilities liquidation and a business-to-business
selling platform. Brand name sellers are able to reduce excess inventory more efficiently
and profitably than ever before. And however they choose to buy, shoppers now have an
inside connection to the world's most trusted brands at prices far below retail. With more
than 10 years experience in online commerce, uBid Holdings, Inc. is headquartered in
Chicago, IL