uBid Holdings Expands its Board of Directors

New Appointees Add Strategic and Public Company Experience

ATLANTA, GA / ACCESSWIRE / July 1, 2019 / uBid Holdings, Inc. (OTCQB: UBID) (the “Company” or “uBid”), a diversified holding company, today announced the appointments of Paul Danner and Scot Wingo to its Board of Directors. The additions expand the Board to four members and strengthen its experience in e-commerce and public companies.

uBid Chief Executive Officer Ketan Thakker, commented, “We welcome Paul and Scot to our Board and look forward to working closely with them in creating long-term shareholder value for uBid. Their relationships and experience in e-commerce and in the public capital markets will be valuable assets to our management team and company.”

Mr. Danner is currently the Chief Executive Officer of Pepex Biomedical. His business leadership background includes serving as the Chief Executive Officer of three NASDAQ-listed companies, including most recently with Alliance MMA, Inc., a sports promotion and media firm. Seasoned, broad-based industry experience features marketing service offerings, securing product placement, increasing market share and growing revenue for an array of Fortune 500 organizations, mid-market companies and start-up ventures for over 30 years. Mr. Danner served as a Naval Aviator flying the F-14 Tomcat, and subsequently as an Aerospace Engineering Duty Officer supporting the Naval Air Systems Command, for 8 years on active duty plus 22 years with the reserve component of the United States Navy. He retired from the Navy in 2009 with the rank of Captain. Mr. Danner received his BS in Business Finance from Colorado State University, and holds an MBA in Marketing from the Strome College of Business at Old Dominion University.

Mr. Wingo is Executive Chairman of ChannelAdvisor, and has served as chairman of our board of directors since our inception in 2001. Prior to founding the company, he served as general manager of GoTo Auctions, chief executive officer and co-founder of AuctionRover.com, which was acquired by GoTo.com, and as chief executive officer and co-founder of Stingray Software, which was acquired by Rogue Wave. Scot sets the strategic direction for the company, and works closely with the management team to align product direction with market trends. He is an industry thought leader, contributing regularly to several ChannelAdvisor blogs and speaking often at industry events. Scot received a Bachelor of Science in Computer Engineering from the University of South Carolina and a Master of Computer Engineering degree from North Carolina State University. Scot has received numerous awards including Ernst and Young’s Entrepreneur of the Year and Triangle Business Journal’s Businessperson of the Year.

About uBid Holdings, Inc.

uBid Holdings, Inc. (OTCQB: UBID) is a diversified holding company whose strategic plan is to acquire interests in young businesses, and provide financing, advice and guidance to assist them in realizing their potential. It continues to identify and evaluate potential acquisitions that its management believes will create shareholder value and a return on investment.

For more information, visit: ubidholdings.com

Ubid, Uwin, Usave, it is all about U! It isn’t just a clever tag line it spells out exactly how uBid feels about what it does. Whether it is computers, memorabilia or a trip to Orlando, uBid has a single-minded focus on saving you money by allowing you to determine how much you pay for any item. uBid makes the process easy to understand, engaging and fun. Its customers are its inspiration; they motivate uBid to seek out better, more valuable products, allowing uBid more opportunities to save money by determining what its customers want to pay for it. Its online marketplace provides the perfect outlet for manufacturers, retailers, distributors, and other suppliers to sell all types of products to a base of highly motivated consumers.

For more information, visit: http://www.ubid.com

Forward-Looking Statements

Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project,” “propose,” “plan,” “intend,” and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company. Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although uBid Holdings, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, uBid Holdings, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.

Media and Investors Contacts:
p212-486-1250
IR@ubid.com

SOURCE: uBid Holdings, Inc.

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