7/28/08

uBid Holdings to add non-auction site next month

To complement its auction site, asset recovery company uBid.com Holdings will launch a fixed-price e-commerce site offering a money-back guarantee and $1.95 ground shipping.

Katie Evans , Managing Editor, International Research

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 site will enable uBid.com Holdings to offer a better overall value proposition to its buyers and sellers, the company says.

“Our research indicated that buyers are also looking for brand name deals at a fixed price, in addition to our auction format,” says uBid.com Holdings CEO Jeff Hoffman. “With RedTag.com, we are enabling ourselves to better serve our customers looking for fixed-price deals while providing our sellers with a fixed-price asset recovery solution. It’s dually beneficial.”

The company plans to launch RedTag.com on Aug. 29. Products for the fixed-price site will be offered exclusively on RedTag.com, separate from uBid.com. The company features more than 7,000 sellers. RedTag.com will offer a money-back satisfaction guarantee and a fixed $1.95 ground shipping rate.

Topics:

Asset recovery, business, business finance, Commerce, UBid

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