uBid.com (UBHI.OB), one of the leading business-to-consumer and business-to-business online auction companies, announced that Ted Deikel has purchased an additional 466,000 shares of ubid.com common stock, bringing his total position to 12% of their common stock. Ted Deikel is often regarded as a veteran investor, once serving as the CEO for Fingerhut.
This specific purchase of 466,000 shares follows Mr. Deikel’s November 2007 purchase of 1,784,000 shares of uBid.com stock, approximately 10% of uBid’s outstanding shares at the time.
Ted Deikel commented, “I believe now, as I did in November, that uBid’s wealth of online selling expertise, strong relationships with their sellers and Jeff Hoffman’s experience in the e-commerce space, position uBid to capture significant market share in the largely untapped multi-billion dollar online liquidation market.”
Jeff Hoffmain, CEO of uBid, added, “Having the continued support of a shareholder of Mr. Deikel’s caliberonly reinforces our strategy of offering the most robust seller sales solutions on the internet.”
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