[2] uBid.com Significantly Expands Headquarters & Warehouse Facilities; Company Relocates to Chicago & Expands Memphis Warehouse Facility.CHICAGO--(BUSINESS WIRE)--Dec. 2, 1999-- Today, uBid.com (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : UBID), one of the nation's leading online auction and e-commerce sites, announced that it is operating out of its new headquarters in Chicago, Illinois and recently expanded its Memphis warehouse facility. The new headquarters is 25,000 square feet, 66 percent larger than the space of its former location in Elk Grove Village, Illinois Elk Grove Village is a municipality located in northeastern Illinois adjacent to O'Hare International Airport and the City of Chicago. Elk Grove Village encompasses 10.9 square miles in land area with 10.5 square miles located in Cook County and 0. . uBid had the opportunity to custom design the interior of the new headquarters. The layout of the building enhances the flow of information among employees, and significantly improves customer service operations and corporate training capabilities. uBid expects that the added space will allow uBid to continue to expand its staff in step with the growth of the company. In addition, uBid signed a lease to expand its space in its Memphis warehouse facility from 100,000 square feet to 170,000 square feet. uBid can now stock more than 3,000 products at the Memphis facility. "This is an important step in our evolution as an industry leader," said Greg Jones Greg Jones may refer to:
uBid.com has relocated to 8550 West Bryn Mawr Bryn Mawr (brĭn mär), uninc. town (1990 est. pop. 10,000), Montgomery co., SE Pa., a residential suburb of Philadelphia. It is the seat of Bryn Mawr College (for women), opened in 1885 by the Society of Friends. , Ste. 200, Chicago, IL 60631. The main telephone and fax numbers are 773/272-5000 and 773/272-4000, respectively. uBid.com can also be reached via e-mail at feedback@ubid.com. About uBid.com uBid.com is a leading on-line auction and e-commerce site offering brand name products to both consumers and businesses through live-action bidding using sophisticated auction technology. The company's Internet auctions feature a rotating selection of brand-name computers, consumer electronics, housewares house·wares pl.n. Cooking utensils, dishes, and other small articles used in a household, especially in the kitchen. , sporting goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport and memorabilia, and jewelry jewelry, personal adornments worn for ornament or utility, to show rank or wealth, or to follow superstitious custom or fashion. The most universal forms of jewelry are the necklace, bracelet, ring, pin, and earring. . uBid.com is committed to providing all customers with the highest-quality auction experience on the Internet and offers supplier warranties on most consumer products. uBid.com also meets Better Business Bureau Online standards, which give customers the confidence and security to bid safely online. uBid.com is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. (Nasdaq: UBID). For more information, visit the company's Web site at www.ubid.com. NOTE TO EDITORS: All product and company names herein may be trademarks or registered trademarks of their respective owners. This news release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " 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. Such forward-looking statements include management's current view of future events and operations of uBid.com, including the company's expected growth, the expected demand for the company's products, and the company's ability to manage such growth. Such statements involve certain risks and uncertainties, and actual results may differ materially from those discussed in any forward-looking statement. Factors that could cause actual results to differ materially from such forward-looking statements include the company's limited operating history and its ability to manage growth; the company's ability to maintain relationships with vendors and other online companies; product acceptance by customers of newly-added auction categories; competition from other online auction providers; and changes in Internet technology and consumer demand. Additional factors that could cause actual results to differ are discussed in "Investment Considerations" and other sections of the Company's Report on Form 10-Q Form 10-Q See 10-Q. for the period ending September 30, 1999 on file with Securities and Exchange Commission and in its other periodic reports filed from time to time with the Commission. (The company does not undertake to publicly update or revise any of its forward-looking statements even if experience or future changes show that the indicated results or events will not be realized.) |
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