Incumaker, Inc. Completes the Merger with Skyauction.com, Inc.
ATLANTA, Nov. 20, 2018 (GLOBE NEWSWIRE) -- Incumaker, Inc. (QMKR: OTC Pink) announced today the completion of the agreement to merge with Skyauction.com, Inc. As previously announced, uBid Holdings recently agreed to merge into Incumaker and have Incumaker be the surviving corporation. The combined company intends to change its name to “uBid Holdings Inc.” as well as its ticker symbol post-merger to better reflect its new technology-related business model.
Ketan Thakker, formerly UBID’s Chief Executive Officer, now Chief Executive Officer of Incumaker, stated: “Skyauction.com and Ubid.com have had a long relationship and share a mutual vision of the online auction marketplace. This consolidation of resources is an important step forward into creating a much larger and more exciting auction platform for our current and future customers. Skyauction.com Inc. was founded in 1999 and is unique as it built its business by auctioning travel products and services. Adding travel and related products to uBid’s consumer product offerings allows us an opportunity for growth within our existing base of customers and creates an exciting base for new growth as well.” Thakker also announced the appointment of Michael Hering, the current CEO of Skyauction.com, to Chief Product Officer and Salvatore Esposito, Skyauction.com’s COO, to Chief Operating Officer positions in the newly combined company. “We are happy and fortunate to have the founders of Skyauction.com join us at Incumaker”. “With our vision and experience we are confident that we will create a really exciting, new platform for the future of online auctions,” concluded Thakker.
“Our two companies have tremendous market presence and brand recognition,” commented Michael Hering, CEO of Skyauction.com. “Auctioning still represents a very substantial form of distribution that we plan to exploit and grow aggressively in the future. Our companies have a very long tenure in this space and our plan incorporates much of what we have learned that our combined resources will allow us to apply that in a larger, more accelerated way,” Hering concluded.
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.
SkyAuction is a leading B2C travel auction website founded in 1999 that allows customers to bid on and purchase a full array of travel products and services. Product offers are presented in both reserve and no-reserve auction formats (many with a $1 minimum bid) that offer customers significantly discounted travel products without the obligation to meet a minimum price. Auction winners ultimately pay only the amount that they perceive to be a good value for the product or service. SkyAuction currently offers hundreds of hotels, resorts, cruises, discount certificates and many other travel related products as part of their daily auction offerings. Founded by veterans of the travel industry, Skyauction.com has many long term relationships with top tourism providers worldwide.
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. For additional information please email email@example.com
Press Releases may include forward-looking statements. In particular, the words “believe,” “may,” “could,” “should,” “expect,” “anticipate,” “estimate,” “project,” “propose,” “plan,” “intend,” and similar conditional words and expressions are intended to identify forward-looking statements. Any statements made in this news release about an action, event or development, are forward-looking statements. Such statements are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company. Accordingly, you should not place undue reliance on these forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that its forward-looking statements will prove to be correct. Investors are cautioned that any forward-looking statements are not guarantees of future performance and actual results or developments may differ materially from those projected. The forward-looking statements in this press release are made as of the date hereof. The company takes no obligation to update or correct its own forward-looking statements, except as required by law or those prepared by third parties that are not paid by the company.
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Incumaker, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, Incumaker, Inc. is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company’s ability identify a suitable business model for the corporation.