Mike Martinez Joins uBid, Inc. As Vice President, Finance
Veteran finance executive brings experienced leadership to expanding online auction company
(Chicago, IL) June 20, 2005 --Online auction provider, uBid, Inc., part of the Petters Group Worldwide family of companies, announced it has hired Mike Martinez to fill the position of Vice President, Finance.
Mike brings over 20 years of financial management experience to uBid. His experience includes six years as Senior Vice President CFO with Hartford Computer Group, a leading PC manufacturer, distributor, and service company. In addition, Mike was VP CFO of Elek-Tek/PC Mall and VP Controller of The Reliable Corporation, a leading direct mail office supply company.
"This is a great opportunity that aligns well with my background and experience," said Martinez. "uBid has tremendous potential and I`m thrilled to work with the rest of the management team to build this company into a dominant player in the online auction industry," he said.
"Mike has proven great value in the marketplace, leading both public and private companies through various rounds of financing, mergers and acquisitions," said Bob Tomlinson, CEO of uBid, Inc. "We are very pleased to have him on our team," he added.
Mike Martinez is a native Chicagoan and a graduate of Chicago`s Loyola
University. He is also actively involved in several professional organizations including the American Institute of Certified Public Accountants (AICPA), University of Illinois` Deans Advisory Group and the Financial Executive`s Networking Group (FENG).
About uBid, Inc.
uBid is a leading brand name auction marketplace that offers consumers and businesses manufacturers merchandise at below wholesale prices. Founded in 1997, uBid has swiftly emerged as a major force in the e-commerce world. Formerly owned by CMGi, today uBid is a member of Petters Group Worldwide; uBid specializes in providing customers with savings on items from leading brands. In addition to uBid`s own product listings, uBid features uBid Certified Merchant listings in which consumers will find items listed by uBid approved businesses. With more than 5 million registered users, uBid is committed to providing its valued customers with the highest quality experience on the Internet and offers manufacturer warranties on products. For more
information, visit the company`s web site at www.ubid.com.
About Petters Group Worldwide
Petters Group Worldwide" is a recognized leader in creating, developing and investing in companies that manufacture, procure and market merchandising solutions for key growth markets. Petters` core portfolio includes a growing list of retail and wholesale companies operating in the United States, Brazil, China, Japan, Korea, Mexico, and Spain. For additional information visit www.pettersgroup.com.
Editorial Contact:
Tony Priore
773.272.5000
tonyp@ubid.com
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