CHANNELADVISOR ADDS UBID TO ENTERPRISE NETWORK
Agreement Enables ChannelAdvisor to Provide Merchants with the
Second Largest Online Auction Site While Enhancing uBid`s Product Mix
RESEARCH TRIANGLE PARK, NC AND CHICAGO, IL- September 5, 2001 -
ChannelAdvisor Corporation, a leading provider of full-service,
enterprise-level marketplace management solutions, and uBid, a leading
online auction and e-commerce marketplace, today announced an agreement that
enables ChannelAdvisor to offer its retailers and manufacturers an
opportunity to present a unique branded shopping experience to uBid`s more
than 2.5 million registered users, while enabling uBid to offer its buyers a
broader selection of items to purchase. Terms of the deal were not
disclosed. Additionally, ChannelAdvisor will be adding uBid to the
ChannelAdvisor Pro Network in the coming months.
"There was no question in our mind that uBid was a `must have` for our
customers," said Scot Wingo, chief executive officer and president of
ChannelAdvisor. "uBid has a large user base looking for bargains on brand
name merchandise as well as an extensive offering in the computers and
consumer electronics categories. It`s a natural fit as our customer base
includes some of the largest retailers and manufacturers of computers and
consumer electronics."
As e-marketplace experts, ChannelAdvisor works with companies to formulate a
strategy to quickly increase online sales. Overstocked, returned or unsold
inventory is introduced to millions currently buying through dynamic-pricing
channels such as uBid.com, eBay (NASDAQ: EBAY), Amazon (NASDAQ: AMZN) and
Yahoo! Auctions (NASDAQ: YHOO), thus significantly increasing inventory
turnover.
"By joining forces with ChannelAdvisor, we are able to offer uBid shoppers
even more brand name products to choose from, while providing ChannelAdvisor
customers with access to uBid`s sizable and targeted audience," said Alan
Cohen, senior vice president of marketing at uBid. "ChannelAdvisor is
essential in bringing additional brand-name retailers to the uBid
marketplace."
uBid, the No. 2 online auction site (Media Metrix June 2001), offers
consumers and small to mid-sized businesses the opportunity to purchase a
wide range of brand name merchandise often at greatly reduced prices. In
addition, uBid offers supplier warranties on most products and bids begin as
low as $9.
About ChannelAdvisor Corporation
ChannelAdvisor Corporation is the leading provider of full-service,
enterprise-level marketplace management solutions enabling retailers and
manufacturers to create a brand presence on the Web`s leading
e-marketplaces. ChannelAdvisor services for customers include establishing
your brand as a premier seller on leading e-marketplaces, creating a
complete brand package, developing and executing a sales strategy and
managing all marketplace tasks including customer service. ChannelAdvisor`s
powerful technology provides a seamless solution that integrates with
businesses` existing technology infrastructures, including inventory
databases, payment and fulfillment systems, to reduce time to market and
maximize profits for multi-channel sales. ChannelAdvisor`s customers and
strategic alliances include West Marine, Memorex, Omaha Steaks, eBay, Yahoo!
and Amazon Auctions. ChannelAdvisor Corporation is headquartered in
Research Triangle Park, NC. For more information visit
http://channeladvisor.com.
About uBid
uBid, a majority-owned operating company of CMGI, Inc., is a leading retail
auction and e-commerce marketplace that offers consumers and businesses
three ways to buy and sell. The company`s Internet auctions feature a
rotating selection of more than 12,000 products daily in 16 different
product categories, providing consumers and small to mid-sized businesses
with the opportunity to purchase a wide range of brand name merchandise,
often at greatly reduced prices, through live-action bidding. Product
categories include computers; computer peripherals; computer components;
home office; housewares; sports and hobbies; jewelry and gifts; accessories;
off-lease computers; consumer electronics; digital cameras and video;
apparel and linens; home improvement; travel and events; collectibles; and
everything else. In addition to uBid`s own auction listings or uBid Direct,
uBid features uBid Preferred Partner auctions in which consumers will find
products listed by uBid-approved businesses and backed by uBid or brand
warranties. Users can also buy or sell products through uBid`s Consumer
Exchange, in which consumers list their items for auction with no listing
fee.
With more than 2 million registered users, uBid is committed to providing
its customers with the highest quality auction experience on the Internet
and offers supplier warranties on most consumer products. uBid also meets
Better Business Bureau Online standards, which gives customers the
confidence and security to bid safely online. For more information, visit
the company`s Web site at www.ubid.com.
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