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uBid.com takes a new name as it continues revamping its business model
Aug. 11, 2008 Taking another step in broadening its business model beyond online auctions of excess merchandise, uBid.com Holdings Inc. has changed its name to Enable Holdings Inc. “The company’s name change coincides with the restructuring project as part of its new business model of a comprehensive excess inventory ...

uBid Holdings to add non-auction site next month
July 28, 2008 Asset recovery company uBid.com Holdings Inc. will launch a fixed-price e-commerce site in late August. The new site, RedTag.com, is part of the company’s new business strategy to provide a broad range of services for companies seeking to dispose of excess inventory. The new fixed-price excess inventory ...

Fusion Capital infuses uBid.com with new working capital
July 21, 2008 UBid.com Holdings Inc. will receive up to $10 million in new working capital in a stock deal with Fusion Capital Fund II LLC, a Chicago investment banking firm. UBid.com, which links sellers with inventory to liquidate with buyers through an online auction platform, physical facilities liquidation ...

uBid.com Holdings appoints a vice president of marketing
Jun. 9, 2008 Excess inventory liquidator uBid.com Holdings Inc. has appointed Bruce Hutchison vice president of marketing. Hutchison will lead the company’s strategy, branding, and customer acquisition and retention efforts as it augments its online auction platform with additional sales channels. Hutchison has ...

uBid.com to shut down consumer-to-consumer auction site Bidville.com
Jun. 5, 2008 In the latest in a series of steps to focus on business-to-consumer sales of excess inventory, uBid.com Holdings Inc. is shutting down the auction site that allowed consumers to sell unwanted items to other consumers. The company says it was unable to find a buyer for Bidville.com. “We recently introduced ...

New uBid CEO unveils a multi-channel strategy for liquidating overstock
Apr. 28, 2008 Seven months after taking over as CEO of uBid.com Holdings Inc., owner of uBid.com, Jeffrey D. Hoffman has unveiled a multi-channel strategy for revitalizing the online auctioneer of excess merchandise. Besides selling manufacturers’ excess inventory on its existing auction site, uBid.com, which is ...

uBid.com names a new CFO and expands executive team
Mar. 24, 2008 UBid.com, an auction site for excess merchandise, has promoted Miguel Martinez from vice president of finance to chief financial officer and appointed three vice presidents to manage client accounts and partnerships. Martinez, who has more than 20 years of experience in financial management, joined ...

Online retailers take top honors in customer satisfaction survey
Mar. 1, 2008 Just as online retail sales outshone offline sales during the recent holiday season, so, too, did web-based merchants easily outpace their store-based brethren in the latest customer satisfaction survey by the University of Michigan. In fact, online retail’s score of 83 on a 100-point scale tied for ...
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Online marketplace uBid.com names Lee Olsen chief operating officer
Jan. 14, 2008 Online marketplace uBid.com has named Lee Olsen chief operating officer and says it plans to take advantage of his international e-commerce expertise as it expands into emerging markets around the world. Olsen spent 22 years at IBM and was part of a team that helped structure Bermuda’s laws on electronic ...

E-commerce veteran Ted Deikel raises his stake in auction site uBid.com
Jan. 4, 2008 Ted Deikel, former CEO of catalog and online retailer Fingerhut, has increased to 12% his stake in uBid.com Holdings Inc., parent company of online auction site uBid.com. Deikel had acquired a 10% stake in the company in November when he purchased 1,784,000 shares, and he recently acquired an additional ...
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