uBid.com Holdings Inc. announced results for the second quarter ended June 30, 2007. Highlights for the second quarter of 2007 include a net loss of $1.5 million compares to a net loss of $2.7 million in second quarter 2006. Gross profit for the quarter increased $752,000 or 35.5% over the same period prior year. The gross profit percentage increased to 21.0% from 11.1% in the prior year. Operating Expenses decreased $430,000 or 8.8% in the second quarter of 2007 compared to the prior year.

uBid.com Holdings Inc. CEO Robert H. Tomlinson Jr. stated, "We have discussed uBid's transformation for several quarters now and we can now see its impact with a 36% growth in gross profit and transaction fees and a more then doubling of our Certified Merchants over last year." He added, "The trend towards profitability in the first half of 2007, coupled with an 11% stock buyback in April, continues to enhance uBid's value proposition for our Shareholders."

uBid's Certified Merchant Program grew by 119.8% to 2,873 approved merchants at June 30, 2007 from 1,307 merchants at June 30, 2006. This also represents an increase of 14.3% from March 31, 2007. Net revenues in uBid's Certified Merchant Program, a key business metric, were up 26.6% to $1.3 million compared to $1.1 million one year ago.

Active auction participants totaled 342,000, while the number of auction events increased 29.3% to approximately 619,000 from 478,000 in the second quarter of 2006. Customer registrations totaled approximately 60,000 in the second quarter of 2007 compared to approximately 2,000 in the second quarter of 2006.

uBid.com hosted a conference call on August 14, 2007 to discuss second quarter financial results Tomlinson and Miguel A. Martinez Jr., Vice President of Finance. A replay is available until August 21, 2007 by dialing 1-888-286- 8010 or 1-617-801-6888 for international callers; the conference ID is 15011243.

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