In response to inquiries, Enable Holdings Inc., formerly known as uBid.com Holdings Inc., stated Monday it is an independent, standalone company in which Petters Group Worldwide is a minority stockholder. Thomas J. Petters resigned as chairman and CEO of Petters Group Worldwide on Monday amid a federal investigation. Last week, the feds raided Petters Group headquarters, Petters' home and several other locations, according to news reports.

Enable Holdings said Petters Group Worldwide, including Tom Petters, has no involvement in the day-to-day management of the company, and does not fund its operations. Two Petters Group Worldwide employees resigned from Enable Holdings' Board of Directors on Monday.

Enable Holdings operates channels uBid.com, RedTag.com, RedTag Live, Commerce Innovations, and Dibu Trading Corporation. As of April 1, 2008, it had approximately 80 full time employees.

http://www.enableholdings.com