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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (9415)	7/12/1999 9:11:00 AM
From: BANCHEE	Read Replies (1) \| Respond to of 57584

Rande uBid Signs Exclusive Deal with Prodigy to Offer On-Line Auctions to Prodigy Members; Internet service pioneer's Newest Partner Brings Cool Stuff to Prodigy Members WHITE PLAINS, N.Y., Jul 12, 1999 (BUSINESS WIRE via COMTEX) -- ProdigyCommunications Corporation (NASDAQ:PRGY) and uBid (Nasdaq:UBID), a leading online auction e-commerce site, are joining together in an exclusive agreement to bring the most popular on-line consumer auction items to Prodigy members. Prodigy member bidding will begin later this month. The uBid "My Auction" feature will allow Prodigy members one-click access to all of the uBid auction categories directly from their Prodigy Homepage. uBid will also highlight specific "hot" items available for bidding each day on each Prodigy member's Homepage. The uBid "My Auction" feature on the Prodigy Homepage enables Prodigy members to choose from different auction category links, including Computers and Computer Products, Electronics, Sporting Equipment and more. Prodigy users can customize their own categories as well. As a business-to-consumer online auction site, uBid ensures a seamless, simple and reliable auction process for Prodigy members. After bidding on and winning a product, Prodigy members simply submit payment to uBid via a credit card, and then uBid ships the merchandise to them directly. No haggling with other on-line consumers and no sending in a check and awaiting its approval. "Being able to buy merchandise on-line from a reliable source is one of the most important needs of net-savvy consumers nowadays," said David Trachtenberg, Prodigy's president and COO. "Prodigy's partnership with Internet leaders like uBid makes on-line shopping secure, easy and convenient--enriching the Prodigy member Internet experience even more." "This is a great move for uBid as we continue to expand our already strong presence in the Internet auction space," said Greg Jones, president and CEO of uBid. "We bring popular brand name merchandise to our customers at great values, every day. And we provide our customers with a safe, secure and fun shopping environment." About uBid: uBid is a leading online auction e-commerce site offering merchandise through live-action bidding using sophisticated auction technology. The company's Internet auctions feature a rotating selection of brand-name computers, consumer electronics, housewares, jewelry, gifts and sports/recreation products. uBid is committed to providing customers with the highest-quality auction experience on the Internet and offers supplier warranties on most products. uBid also meets Better Business Bureau Online standards, which give customers the confidence and security to bid safely online. uBid, with headquarters in Illinois, is a publicly traded company (Nasdaq:UBID). For more information, see the company's Web site at www.ubid.com. About Prodigy Prodigy Communications Corporation is a leading nationwide Internet service that provides fast and reliable Internet access and related value-added services. Prodigy utilizes a nationwide network covering more than 750 cities in all 50 states allowing approximately 83% of the United States population to access Prodigy's services with a local telephone call. Prodigy Internet enables the Internet to be used as a productivity tool by allowing subscribers to obtain and communicate desired information quickly and efficiently in an easy and personalized manner. This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the intense competition in the Company's industry, subscriber turnover, disruption in the Company's network services or in other services provided by third parties, the impact of year 2000 issues, as well as the risk factors detailed from time to time in the Company's periodic reports and registration statements filed with the Securities and ExchangeCommission. Copyright (C) 1999 Business Wire. All rights reserved. -0- CONTACT: Prodigy Mary C. Matalobos, 914/448-8000 or uBid Denise Campbell, 847/860-5000 WEB PAGE: businesswire.com GEOGRAPHY: NEW YORK INDUSTRY CODE: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS INTERACTIVE/MULTIMEDIA/INTERNET MERGERS/ACQ