Former RR Donnelley and InnerWorkings Executives Selected for uBid.com Board

uBid Holdings, Inc., the parent company of subsidiaries uBid.com, Inc. and uBid Business Technologies, Inc., today announced it has finalized formation of the company's Board of Advisors.

"The addition of these accomplished business professionals to our Board of Advisors is an important and significant step in uBid's ongoing transformation," said Scott Koerner, President and CEO of uBid Holdings, Inc. "Building upon a firm 'people foundation' is a critical factor in uBid's growth and success in both the near and long term."

uBid's Board of Advisors is comprised of highly successful local entrepreneurs and business leaders with diverse industry experience, whose goal is to advise and support uBid's Board of Directors and management team of the best ways to execute on and optimize the tremendous opportunities uBid has before it.

John Walter

John Walter is Chairman and CEO of Ashlin Management Company, a private investment and management services firm located in Chicago. John is the retired President and COO of AT&T Corporation, a position he held from 1996 to 1997, and retired Chairman and CEO of R.R. Donnelley & Sons Company, a position he held from 1989 to 1996. Mr. Walter has been a Director of Manpower Inc. since 1998 and served as the Non-Executive Chairman of the Company from 1999 to 2001. He is currently a Director for VASCO Data Security, Inc., Echo Global Logistics, InnerWorkings, Media Bank, LLC; and Chairman Emeritus of NorthShore University HealthSystem Foundation (formerly Evanston Northwestern Healthcare).

Mr. Walter has previously served on the boards of other companies including Groupon, LLC, Deere & Company, Abbott Laboratories, Inc., Target Corporation, Jones Lang LaSalle, and served as Chairman of the Board of Directors of SNP Corporation, Ltd. (Singapore). Mr. Walter is currently on the Board of Trustees for Steppenwolf Theatre, Northwestern University, African Wildlife Foundation, and Boca Grande Health Clinic. Mr. Walter earned his Bachelor of Science degree in Management and holds an Honorary Doctorate Degree from Miami University, Oxford, Ohio.

Alex Vetter

Alex Vetter is Senior Vice President of Advertising for Cars.com. As one of the original members of the Cars.com team, he has helped steer the company's growth strategy from concept into a multi-faceted sales and distribution model that spans all aspects of internet marketing, including local, mobile and social media. Through Mr. Vetter's leadership, Cars.com has grown to over 1000 employees and 500 sales executives that serve every local market in the United States. He has operated in nearly every capacity at Cars.com, spanning product development, customer service, training, operations and currently oversees all revenue generating activities for the local online retailer. Through his work, Alex has helped establish a vibrant local marketplace for cars, enabling e-commerce activities with over 18,000 retailers who connect with site users on a daily basis. Vetter received his bachelor's degree from Providence College, where he was a four-year Division I athlete. In 2007, Vetter was named one of the 40 under 40 executives by Crain's Chicago business.

Brian McCormack

Mr. McCormack founded and served as CEO of McWitt Graphic Communications and was a Founder and Director of InnerWorkings, Inc., which was listed as one of Forbes Magazine's "2010 Best Small Companies to Work For" (NASDAQ listed 2006 INWK). Mr. McCormack will also begin serving as a director for EZ Links Golf Corp.