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uBid Reports Record Breaking December
CHICAGO--(BUSINESS WIRE)--Jan. 9, 2001--
Revenue Increases by 60 Percent over December 1999; Nearly Doubles
Daily Visitor Volume Versus Comparable Period Last Year
uBid, Inc., a leading online auction and e-commerce site and majority-owned operating company of CMGI, Inc. (NASDAQ: CMGI), today announced that it had a record-breaking month in December. The company indicated that its revenue increased by more than 60 percent compared to December 1999 as well as reported more than 6 million unique visitors during December, a more than an 80 percent increase from December 1999.
In addition, uBid, the second largest retail auction site as indicated by Media Metrix, saw nearly a 50 percent increase in page views to more than 66 million, as well as an increase of more than 60 percent in the number of items sold to more than 350,000 as compared to December 1999.
"Our growth rate continues to accelerate with an incredible speed," said Greg Jones, president and chief executive officer of uBid. "We've had tremendous opportunities for growth in the past year. Being able to meet the demands of consumers by providing an unprecedented combination of options for buying and selling products in an online marketplace has helped us in breaking previous uBid records as well as allowed us to double our site registrants to nearly 2 million."
uBid offers consumers and small to mid-sized businesses the opportunity to purchase a wide range of brand name merchandise at greatly reduced prices. Unlike the competition, uBid offers supplier warranties on most products and bids begin as low as $9.
The company recently ranked as one of the top 15 holiday e-tailers in the Nielsen/NetRatings 2000 Holiday E-Commerce Index.
About uBid
uBid, a majority-owned operating company of CMGI, Inc., is a leading online auction and e-commerce site that offers consumers and small-to-mid-sized businesses the opportunity to purchase a wide range of brand name merchandise, often at greatly reduced prices, through live-action bidding using sophisticated auction technology. The company's Internet auctions feature a rotating selection of more than 12,000 items in each daily auction. uBid offers auctions in more than 12 different product categories, including: computer equipment, consumer electronics, home and leisure, sports and recreation, jewelry and gifts, apparel, home improvement products, art, appliances, and travel and events. In addition, consumers may participate in the new uBid Auction Exchange marketplace, in which third-party vendors and consumers list their items for auction.
With nearly 2.0 million registered users, uBid is committed to providing all customers with the highest quality auction experience on the Internet and offers supplier warranties on most consumer products. uBid.com also meets Better Business Bureau Online standards, which gives customers the confidence and security to bid safely online. For more information, visit the company's Web site at www.ubid.com.
uBid and ubid.com are trademarks of uBid Inc. All other company or product names are trademarks or registered trademarks of their respective owners.
CONTACT:
uBid Inc.
Denise Mancini
773-272-4562
denisem@ubid.com
KEYWORD: ILLINOIS
BW2340 JAN 09,2001
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