In the News

Listen to Enable Holdings, Inc. CEO Jeff Hoffman’s interview with Gary McKenzie on RedChip Radio.

Watch or listen to Enable Holdings, Inc. CEO present at the October 10, 2008 Equities Market Site Conference at the NASDAQ.

Listen to radio interviews of Enable Holdings, Inc. CEO Jeff Hoffman with BizRadio’s Jack Warkenthien.

Listen to radio interviews of Enable Holdings, Inc. CEO Jeff Hoffman on The Money Channel’s American Scene Radio with Steve Crowley.

Listen to a webcast of uBid.com Holdings Inc. CEO Jeff Hoffman presenting at the EQUITIES Magazine Summer Conference highlighting emerging growth companies.

uBid, the US-based online marketplace for discounted products, is preparing to enter the UK in the coming months following a reorganisation of its business.

Jeffrey Hoffman became CEO of online-auction business uBid.com Holdings late last year, and last week, he outlined a new corporate strategy that includes a fixed-price marketplace. Conspicuously absent from last week's press release was any mention of uBid's C2C marketplace, Bidville, which has been operating since 1999 and was acquired by uBid in 2006. In an interview with uBid's Hoffman, AuctionBytes learned that the Bidville site does not fit in with its parent company's strategy. Hoffman said he is considering various options, including the possibility of selling the Bidville site. "We want to give (the Bidville) community of buyers and sellers the chance to continue without disruption in their marketplace," he said. "If we were able to sell the business to someone that was better fit to run it, I think that would be a win for everybody."

uBid.com Holdings announced it has retained Investor Awareness Inc. to provide investor relations services, including raising the company's visibility among members of the financial community. Investor Awareness specializes in accelerating growth in the value of small to mid-size companies.

Seven months after taking over as CEO of uBid.com Holdings Inc., owner of uBid.com, Jeffrey D. Hoffman has unveiled a multi-channel strategy for revitalizing the online auctioneer of excess merchandise.

uBid.com Holdings Inc., which operates the auction sites uBid.com and Bidville.com, announced a new business strategy focused solely on liquidating excess inventories for top-brand manufacturers. uBid.com Holdings said it would augment its existing auction platform with four new channels, including one that lets third-party companies utilize uBid technology to launch their own auction sites. The uSaaS channel will enable "trusted partners" to create their own charity-based or private, invitation-only auctions.

Another auction site, Chicago-based uBid, targets bulk sellers liquidating excess inventory. Its 7,000 participants include Sony (SNE), Motorola (MOT, Fortune 500) and Dell (DELL, Fortune 500). All sellers submit to a 10-point financial exam to ensure they're qualified to do business on the site: "That's part of our stringent anti-fraud stance," said uBid CEO Jeff Hoffman.