ATLANTA, Oct. 31, 2018 (GLOBE NEWSWIRE) -- Incumaker, Inc. (OTC Pink: QMKR) announced today the completion of the Merger Agreement with uBid Holdings Inc. under which Incumaker will be the surviving corporation. The Company intends soon to change its name to “uBid Holdings Inc.” as well as its ticker symbol post-merger to better reflect the Company’s new technology-related business model. Under the terms of the Merger Agreement, UBID’s current officers and directors have become the officers and directors of the newly combined company.
“We are excited to conclude this merger in a manner that we feel will enhance Incumaker’s shareholder value along with giving our stakeholders the ability to participate in uBid’s future growth and vision. By completing its fiscal year audit by a PCAOB auditor, Incumaker is helping uBid take the initial step to fulfill the reporting requirements which made this an attractive merger for them,” Darren Bankston, CEO of Incumaker, commented.
Ketan Thakker, UBID’s Chief Executive Officer, stated: “We are very excited that the initial stage of our strategy to reenter the public markets is coming to completion.” “Ubid has finalized the terms and will now move quickly to close the acquisition of Skyauction.com Inc., combining the companies’ resources to consolidate their share of the online auction marketplace. These first steps represent a new era in not only the history of our company but also for consumers in the online auction marketplace. Our mission is to drive value for our current base of loyal customers and expand that to both a new generation of consumers,” added Thakker. “In addition, uBid, SkyAuction and Incumaker having all completed their PCOAB audits is a testament to everyone’s commitment to bring added visibility to uBid companies and take necessary steps to up-list the Company’s stock to a major exchange. We anticipate making further announcements regarding the future along with the announcements of the management team and board members,” concluded Thakker.
About uBid Holdings Inc.
Ubid, Uwin, Usave, it is all about U! It isn’t just a clever tag line it spells out exactly how we feel about what we do. Whether it is computers, memorabilia or a trip to Orlando, Ubid.com has a single minded focus on saving you money by allowing you to determine how much you pay for any item. We make the process easy to understand, engaging and fun. Our customers are our inspiration, they motivate us to seek out better, more valuable products, allowing them more opportunities to save money by determining what they want to pay for it. Our online marketplace provides the perfect outlet for manufacturers, retailers, distributors, and other suppliers to sell all types of products to a base of highly motivated consumers. Ubid.com was founded in 1997 and has continuously operated for 21 years.
About Incumaker
Incumaker, Inc (QMKR: OTC PINK) is a diversified holding company whose strategic plan is to acquire interests in young businesses, and provide financing, advice and guidance to assist them in realizing their potential. It continues to identify and evaluate potential acquisitions that its management believes will create shareholder value and a return on investment. Additional information is available in its filings on otcmarkets.com.
