Retired Navy Admiral Leonard ("Lenn") Vincent Joins FedBid's Board of Advisors.

VIENNA, Va. -- FedBid, Inc., the online marketplace for commodity buys, today announced the addition of RADM Leonard "Lenn" Vincent, United States Navy, Retired, to FedBid's Board of Advisors.

Mr. Vincent is the Industry Chair at the Defense Acquisition University (DAU). He uses his Defense and Industry experience, expertise and perspective to advise government and industry on matters relative to contracting and program management issues. When he retired from the U.S. Navy on August 1, 1999 at the rank of Rear Admiral, he was the Commandant, Defense Systems Management College (DSMC). Mr. Vincent was the Commander of the Defense Contracts Management Command (now DCMA), and also served as the senior acquisition executive responsible for procurement policy within the Defense Logistics Agency (DLA). A former Vice President at CACI International and American Management Systems, Mr. Vincent was responsible for working with senior Department of Defense and Industry leaders to build long-term business relationships and to help identify solutions to acquisition, logistics, and financial management challenges.

"Lenn brings extensive government procurement experience to FedBid's Board of Advisors, ranging from operations to policy making," said Ali Saadat, FedBid's President and CEO. "We certainly value the unique insights and considerable expertise that he can provide as a key member of our advisory team."

Mr. Vincent is President and member of the Board of Directors of the National Contract Management Association; he serves on the Board of Directors of the Navy League National Capital Council and NDIA Washington DC Chapter, the Board of Visitors of the Defense Acquisition University, and the Board of Directors Procurement Round Table. Mr. Vincent holds a Masters in Business Administration from George Washington University, is a Certified Navy Material and Acquisition Professional, and is DAWIA Level III certified in both Contracting and Logistics.

ABOUT: FedBid, Inc.

FedBid, Inc. provides online procurement services, including Reverse Auction and associated support services, through its buyer-driven online marketplace, www.FedBid.com. Today, more than 1,000 procurement professionals at dozens of federal organizations, including GSA and the Departments of Defense, Homeland Security and State, use FedBid to procure hundreds of millions worth of commodities and simple services. For more information, visit FedBid online at www.FedBid.com or call (877) 9FEDBID.