Company Response on 07/08/2011:
Unfortunately, due to the anonymous nature of this posting, uBid Holdings, Inc. f/k/a SunRise Bidders, Inc. and its subsidiaries (“we” or “us”), cannot effectively respond to the allegations in this complaint. However, it is a matter of public record that the online marketplace, uBid.com, was formally owned and operated by Enable Holdings, Inc., and its subsidiaries. In September, 2010, various creditors of Enable Holdings, Inc., filed an involuntary bankruptcy petition against Enable Holdings, Inc. We are an entirely separate company from Enable Holdings, Inc., and were, in fact, creditors of Enable Holdings, Inc., and its subsidiaries at the commencement of the bankruptcy proceeding (although we were not among the petitioning creditors). on October 8, 2010, we acquired the uBid.com market place pursuant to a public foreclosure sale of Enable Holdings’ assets, which was conducted with the authorization of the Bankruptcy Court and in accordance with the Illinois Uniform Commercial Code. As such, we did not own or operate the uBid.com website prior to the foreclosure sale and are not responsible for Enable Holdings, Inc.’s actions. Furthermore, no third party seller has failed to receive payment from us.
Currently, numerous third party sellers sell products through the uBid.com marketplace on a regular basis and promptly receive sale proceeds from us as per the terms of our agreements with these sellers. Moreover, we have made numerous changes to the uBid.com website and enacted specific policies designed to make the marketplace attractive to third party sellers and to ensure that sellers receive the payments they are entitled to. Among other things, all proceeds that are to be paid to third party sellers are segregated from our bank accounts and are not available to us in the operation of our business. These are substantial changes from the way that uBid.com was previously operated and managed. We are working to make uBid.com a vibrant and robust marketplace that sets the standard for our collective industry. We are very grateful for the many sellers that have and continue to sell goods on uBid.com and look forward to welcoming new sellers in the future. Please visit our website and give us a call if you have any questions about selling through the uBid.com marketplace and especially if you have any reservations of doing so based on any prior experiences.