uBid.com announced that Ted Deikel, veteran investor and Former Fingerhut CEO, purchased an additional 466,000 shares of uBid.com stock, following his November 2007 purchase of 1.8 million shares. The move brings Deikel's position in uBid to approximately 12% of its outstanding shares. Deikel was quoted in uBid's announcement of the transaction, "I believe now, as I did in November, that uBid's wealth of online selling expertise, strong relationships with their sellers and Jeff Hoffman's experience in the e-commerce space, position uBid to capture significant market share in the largely untapped multi-billion dollar online liquidation market."

The company also announced it will be awarded the Consumer Electronics Daily News Direct Seller of the Year award during a January 7, 2008, ceremony held at the Consumer Electronics Show 2008 (CES). uBid is being honored for its contributions to the consumer electronics marketplace over the past year. The award is cosponsored by consumer electronics manufacturers and distributors and will be accepted at the ceremony by Tim Takesue, President of uBid.

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