Shares to Begin Trading Today Under the New Stock Ticker Symbol “UBID” Appoints Kevin Harrington to Board of Directors Engages with Maxim Group for Investment Banking Services
ATLANTA, Feb. 13, 2019 (GLOBE NEWSWIRE) -- Incumaker, Inc. (OTC Markets: QMKR ) (the “Company” or “uBid”), a diversified holding company, today announced the Company will transition to operating and trading under the new name and symbol, uBid Holdings, Inc. (OTC Markets: UBID). Additionally, among the four new Board Members that will be joining, uBid Holdings has appointed entrepreneur and business leader, Kevin Harrington, to its Board of Directors and engaged with Maxim Group as its investment banker.
Management believes the name change reflects both the evolution of the Company, as well as its vision for the future. “We believe the new name better articulates our plans to build an e-commerce platform spanning several sectors,” said Ketan Thakker, Chief Executive Officer. “Our goal is to continue to build value in the Company through our network of e-commerce properties and their active and registered user bases and create long-term value for our shareholders. At this time, we also welcome Kevin Harrington to our Board of Directors. We will look for Kevin’s entrepreneurial spirit and business acumen to help guide us strategically as we look to ramp our business. Finally, we have formally engaged with Maxim Group, a New York-based full service investment bank to advise the uBid with respect to our capital formation and growth strategy.”
Commencing Tuesday February 12th, the Company's common stock began trading under the new stock ticker symbol "UBID" on the OTC Markets. There is no corporate change other than the name and symbol change. Current shareholders may continue to hold their original stock certificates; however, the Company’s transfer agent will provide information to shareholders if they wish to have new certificates issued.
Kevin Harrington has nearly 40 years experience in product introduction and direct marketing, being one of the first to market products through infomercials in 1984. A serial entrepreneur, Mr. Harrington appeared as one of the original panelists on the ABC television program, “Shark Tank”. Mr. Harrington is a co-founder of the Entrepreneur’s Organization (formerly the Young Entrepreneurs Organization) in 1997. Mr. Harrington’s in-depth knowledge of the e-commerce market and the broad range of companies in the industry make him well qualified as a member of the Board. He also brings transactional expertise in mergers and acquisitions and capital markets.
About Maxim Group
Maxim Group LLC is a full-service investment banking, securities and wealth management firm headquartered in New York. The Firm provides a full array of financial services including investment banking; private wealth management; and global institutional equity, fixed-income and derivatives sales & trading, equity research and prime brokerage services to a diverse range of corporate clients, institutional investors and high net worth individuals. Maxim Group is a registered broker-dealer with the U.S. Securities and Exchange Commission (SEC) and the Municipal Securities Rulemaking Board (MSRB), and is a member of the following: Financial Industry Regulatory Authority (FINRA); Securities Insurance Protection Corporation (SIPC); NASDAQ Stock Market and NYSE Arca, Inc. To learn more about Maxim Group, visit www.maximgrp.com .
uBid Holdings, Inc. uBid Holdings, Inc. (OTC Markets: UBID) is a diversified holding company whose strategic plan is to acquire interests in young businesses, and provide financing, advice and guidance to assist them in realizing their potential. It continues to identify and evaluate potential acquisitions that its management believes will create shareholder value and a return on investment. For more information, visit: ubidholdings.com
Ubid, Uwin, Usave, it is all about U! It isn’t just a clever tag line it spells out exactly how uBid feels about what it does. Whether it is computers, memorabilia or a trip to Orlando, uBid has a single-minded focus on saving you money by allowing you to determine how much you pay for any item. uBid makes the process easy to understand, engaging and fun. Its customers are its inspiration; they motivate uBid to seek out better, more valuable products, allowing uBid more opportunities to save money by determining what its customers want to pay for it. Its online marketplace provides the perfect outlet for manufacturers, retailers, distributors, and other suppliers to sell all types of products to a base of highly motivated consumers. For more information, visit: http://www.ubid.com
SkyAuction is a leading B2C travel auction website founded in 1999 that allows customers to bid on and purchase a full array of travel products and services. Product offers are presented in both reserve and no-reserve auction formats (many with a $1 minimum bid) that offer customers significantly discounted travel products without the obligation to meet a minimum price. Auction winners ultimately pay only the amount that they perceive to be a good value for the product or service. SkyAuction currently offers hundreds of hotels, resorts, cruises, discount certificates and many other travel related products as part of their daily auction offerings. Founded by veterans of the travel industry, Skyauction.com has many long term relationships with top tourism providers worldwide. For more information, visit: http://www.skyauction.com
Forward-Looking Statements Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project," "propose," "plan," "intend," and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company.
Statements in this press release that are not historical fact may be deemed 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. Although uBid Holdings, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, uBid Holdings, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.
Media and Investors Contacts: p212-486-1250 IR@ubid.com
