Online auction site uBid.com announced the promotion of Miguel Martinez, Jr. from Vice President to Chief Financial Officer. Mr. Martinez had been uBid's Vice President of finance since February 2005 and has more than 20 years of financial management experience. In his new role, Mr. Martinez takes on an expanding set of duties and responsibility for managing uBid's Risk, Reporting and Analysis Center. Recently created in December 2007, the center serves to more strongly tie uBid's departmental performance with the company's overall financial performance.

"Miguel will play a key role in positioning uBid as the leading asset recovery and liquidation solution for manufacturers and retailers in 2008. His vision, experience and commitment to accountability will ensure uBid delivers on its potential to employees, customers and shareholders," said uBid Chief Executive Officer, Jeff Hoffman.

As part of an upcoming realignment, the company has made several new appointments to its executive team, including naming Timothy E. Takesue as Executive Vice President, Account Management and Seller Solutions. Mr. Takesue was a member of uBid's founding executive team and has been with the company in a variety of sales and marketing leadership roles since 1997.

Sally Dahl has been appointed Vice President, Seller Solutions. She will focus on the company's Seller Solutions Center, serving both uBid's internal account management teams and growing base of certified merchants. For the past six years, she served as uBid's vice president of Customer and Seller Operations.

Kirk Maier has joined uBid as Vice President, BtoB/Wholesale Solutions. Mr. Maier has more than 20 years of sales and marketing experience in computers and consumer electronics, working for companies such as Samsung, Mitsubishi and LG Electronics. He was twice selected by Computer Reseller News as "Channel Chief," and his experience represents uBid's expected focus on building partnerships with global computer and consumer electronics manufacturers.

"From my experiences as a founder and CEO in the Priceline.com family of companies, I know how critical it is to have the right executive team in place," said Mr. Hoffman. "Since my appointment as CEO late last year, I have been able to tap into the deep strengths of the current leadership team while adding new talent with significant experience to our business. I'm confident that this new executive team will help position uBid for success in 2008."

http://www.ubid.com