uBid Holdings Executes Reverse Split to Enhance its Share Price to Attract Additional Shareholders

ATLANTA, GA / ACCESSWIRE / April 20, 2020 / uBid Holdings, Inc. UBID (the "Company" or "uBid"), a diversified e-commerce holding company, today announced a 1:150 reverse stock split that had been approved by majority shareholder action and effected as of Friday, April 17, 2020. The Company's symbol (UBID) was appended with a "D" for 20 business days after which it will return to "UBID".

The Board and Executive management team strongly believe this share restructuring is in the best interest of all shareholders and the time is right, given the recent combination and integration with Restaurant.com.

Mr. Ketan Thakker, uBid's Chief Executive Officer, commented, "It has been a lengthy process to get to this point and has required a tremendous amount of teamwork. Working together with the Company's shareholders, note holders, legal counsel and regulatory agencies, management strongly believes we have accomplished a significant step in preparing for the future of uBid Holdings and the growth of Restaurant.com and the identification of additional synergistic acquisitions."

About uBid Holdings, Inc.

uBid Holdings, Inc. UBID is a diversified e-commerce holding company whose strategic plan is to acquire interests in additive emerging digital assets and businesses. We provide advice and guidance to assist our new partners in realizing their potential. It continues to identify and evaluate potential acquisitions that its Management believes it will create shareholder value and a return on investment. For more information, visit: ubidholdings.com, www.ubid.com, www.skyauction.com and www.restaurant.com

Forward-Looking Statements

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Media and Investors Contacts:

IR@ubid.com

SOURCE: uBid Holdings, Inc.