uBid, Inc. Introduces Mega Auctions
More Items with More Chances to Win
(Chicago, IL) June 9, 2005 -- Online auction provider, uBid, Inc. announced the introduction of a new auction format called Mega Auctions. Themed auctions featuring an assortment of well recognized popular branded items, Mega Auctions contain more units per item over a longer period of time than typical uBid auctions. As a result, consumers have more time to get involved in the bidding process and more products to bid on.
This week, uBid is launching its first "Sizzling Summer" themed Mega Auction featuring brand name items from Lexmark, Sony, Remington, HP, Onkyo and more. The number of units per item in this Mega Auction ranges from 9 to over 400 giving consumers substantial opportunity to win.
"Mega Auctions provide our customers with more chances to win and save," said Tim Takesue, uBid, Inc. EVP of Merchandising & Business Development. "These Mega Auctions contain a lot more items than you`ll find in other companies` auctions. And they`re filled with popular products like LCD projection TV`s, digital cameras, printers, apparel, tools, toys and stereo receivers," he said.
The launch of Mega Auctions reflects uBid`s commitment to innovative new auction products and features that provide value for its customers and are consistent with its position as "The Marketplace You Can Trust. TM"
uBid, Inc., part of the Petters Group Worldwide family of companies, has recently stepped up its new product development efforts starting with the launch of new uBid Travel. Several new auction categories, enhancements and upgrades are also planned for introduction throughout the remainder of the year.
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.
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
anthonyp@ubid.com
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