uBid.com Holdings, Inc. Renames Holding Company ‘Enable Holdings, Inc.’, Launches Enable Holdings.com

  Asset Recovery Leader Continues Restructuring To Facilitate New Strategy



    CHICAGO, Aug. 15 /EMWNews/ -- uBid.com Holdings, Inc.

(UBHI.OB), the leading asset recovery solutions company for the world's

most trusted brands, today announced it has renamed itself Enable Holdings,

Inc. as part of its ongoing restructuring process. As of the opening of

trading on August 13, 2008, Enable Holdings is trading under new ticker

symbol ENAB.OB on the NASDAQ OTC bulletin board. As it continues to

implement its new business strategy of a comprehensive, multi-channel asset

recovery and inventory solutions company, Enable Holdings will serve as the

holding company to five sales channels; auction Web site uBid.com,

fixed-price Web site RedTag.com, business-to-business trading division Dibu

Trading Corporation, offline excess inventory solution RedTag Live!, and

private auction software company Commerce Innovations. For more information

on Enable Holdings' sales channels and corporate structure, please visit

http://www.enableholdings.com .



    



    "Our new corporate structure enables us to better serve our selling

partners and consumers because we're now able to place more focus on the

optimization and growth of each of our five sales channels as separate

entities," said Enable Holdings Chief Executive Officer Jeff Hoffman. "Each

sales channel represents an integral piece of our new strategy to deliver a

comprehensive, multi-channel asset recovery solution to our selling

partners while allowing our savvy, price conscious customers to purchase

excess inventory through a variety of mediums."



    Each of Enable Holdings' five sales channels will have individualized

revenue structures and separate financial reports in an effort to maximize

each channel for significant future growth. The Company expects all aspects

of the new business model will be fully implemented by the end of 2008 or

early 2009, and that results of restructuring will start having a more

profound impact on the Company and its results of operations at that time.



    "With our restructuring nearly complete and our new strategic plan

coming to fruition, we are now ready to become the industry leader as a

comprehensive, multi-channel asset recovery and inventory solutions

provider," said Hoffman. "We're extremely excited to be moving forward with

our vision of the new Enable Holdings."



    For more information please visit http://www.enableholdings.com

    About Enable Holdings, Inc.



    Enable Holdings, Inc. is the world's leading excess inventory solutions

company that links brand name sellers with customers around the globe.

Enable Holdings, Inc. does this through its multi-channel asset-recovery

solution that includes an online auction platform located at

http://www.ubid.com, upcoming fixed-price commerce solution RedTag.com,

offline excess inventory solution RedTag Live!, business-to-business

solution Dibu Trading Company, and upcoming private auction software

company Commerce Innovations. Brand name sellers are able to reduce excess

inventory more efficiently and profitably than ever before. And however

they choose to buy, shoppers now have an inside connection to the world's

most trusted brands at prices far below retail. Enable Holdings, Inc.

boasts more than 10 years experience in online commerce and is

headquartered in Chicago, Illinois.



    SEC Filings and Forward-Looking Statements



    Additional information about Enable Holdings, Inc. is in the company's

annual report on Form 10-K, filed with the Securities and Exchange

Commission.



    Certain statements made in this release are "forward-looking

statements" within the meaning of Section 27A of the Securities Act of

1933, as amended, and Section 21E of the Securities Exchange Act of 1934,

as amended, including statements using terminology such as "anticipate,"

"believe," "estimate," "expect," "intend," "may," "could," "possible,"

"plan," "project," "should," "will," "forecast," and similar words or

expressions. Enable Holdings, Inc. intends that all forward-looking

statements be subject to the safe harbor provisions of the Private

Securities Litigation Reform Act. Forward-looking statements are based on

the then-current expectations, beliefs, assumptions, estimates and

forecasts about the business of Enable Holdings, Inc. and the industries

and markets in which Enable Holdings, Inc. operates. These statements are

not guarantees of future performance and involve risks, uncertainties and

assumptions, which are difficult to predict. Therefore, actual outcomes and

results may differ materially from what is expressed or implied by these

forward-looking statements. Factors which may affect the forward looking

statement identified above and Enable Holdings, Inc.'s business, financial

condition and operating results generally include the effects of adverse

changes in the economy, reductions in consumer spending, declines in the

financial markets and the industries in which Enable Holdings, Inc. and its

partners operate, adverse changes affecting the Internet and e-commerce,

the ability of Enable Holdings, Inc. to develop and maintain relationships

with strategic partners and suppliers and the timing of its establishment

or extension of its relationships with strategic partners, the ability of

Enable Holdings, Inc. to timely and successfully develop, maintain and

protect its technology and product and service offerings and execute

operationally, the ability of Enable Holdings, Inc. to attract and retain

qualified personnel, the ability of Enable Holdings, Inc. to successfully

integrate its acquisitions of other businesses, if any, and the performance

of acquired businesses. Enable Holdings, Inc. expressly disclaims any

intent or obligation to update these forward-looking statements, except as

otherwise specifically stated by Enable Holdings, Inc.