Ubid to launch fixed price venue RedTag

[mandy]

coming soon from Ubid: http://www.redtag.com/

uBid.com Holdings, Inc. (UBHI.OB), a leading asset recovery solutions company for the world’s most trusted brands, today announced the planned launch of RedTag.com as part of its new business strategy of creating a comprehensive, multi-channel asset recovery solution.
RedTag.com, whose launch is projected for August 29, 2008, will be a fixed price e-commerce website in the uBid.com Holdings, Inc. collection of asset recovery channels. In preparation for the acquiring of assets of RedTag.com, potential fixed price only revenue will be separated from uBid.com Holdings Inc.’s flagship auction site, uBid.com.
“We are delighted to offer a fixed price sales channel to our base of over 7,000 sellers as an additional asset recovery solution,” said uBid.com Holdings, Inc. Executive Vice President of Account Management and Seller Solutions Timothy Takesue on the launch of RedTag.com. “And we are elated to offer our consumers a tremendous value on excess inventories, with a money back satisfaction guarantee and a fixed $1.95 ground shipping rate on the RedTag.com site.”
The new fixed price excess inventory solution channel will enable uBid.com Holdings Inc to offer a better overall value proposition to its buyers as well as its sellers.
“Our research indicated that buyers are also looking for brand name deals at a fixed price, in addition to our auction format,” explained uBid.com Holdings, Inc.’s Chief Executive Officer Jeff Hoffman. “With the coming launch of RedTag.com, we are enabling ourselves to better serve our customers looking for fixed price deals while providing our sellers with a fixed price asset recovery solution. It’s dually beneficial.”

full press release: http://www.ubid.com/about/press_room/072...redtag.pdf

[mandy]

RedTag launches today:

RedTag.com, a discount online retail site, launches today with a $1.95 shipping charge on all orders, one of the lowest such rates in the industry. RedTag.com joins the likes of discount retail sites such as Overstock.com, which sells retailers' excess inventory at a fraction of the price that other sites do. RedTag.com is not a new brand, however. In 2004, the original RedTag.com site closed down. However, Chicago-based Enable Holdings, which also runs online auction site uBid.com, bought the domain name RedTag.com last spring...

The introduction of a $1.95 shipping rate by RedTag.com could make shipping prices in the online retail sector even more competitive than they are now...

full article: http://ecommercetimes.com/story/RedTagco...64336.html

[amy]

The introduction of a $1.95 shipping rate by RedTag.com could make shipping prices in the online retail sector even more competitive than they are now.