Attached files
| file | filename |
|---|---|
| 8-K - Enable Holdings, Inc. | v174177_8k.htm |
| EX-10.1 - Enable Holdings, Inc. | v174177_ex10-1.htm |
| EX-99.1 - Enable Holdings, Inc. | v174177_ex99-1.htm |
Exhibit
99.2
Enable
Holdings, Inc. Appoints Two New Directors to the its Board of
Directors
Chicago,
February 11, 2010 – Enable Holdings, Inc. (OTCB: ENAB.OB), (the “Company”), one
of the leading asset recovery solution providers for products of the world’s
most trusted brands, with operating subsidiaries uBid, Inc., Red.Tag.com,
RedTagLive!, Dibu Trading Corporation and Commerce Innovators, announced today,
the appointment of Don Miller and Jeffry Parell to serve on its Board of
Directors.
Appointment
of Don Miller as a New Director
Mr.
Miller has been on the Board of Directors of Multiband Corporation since
September 2001 and was elected Chairman of the Board in April
2002. Mr. Miller is also a member of Multiband’s Audit and
Compensation Committees. Mr. Miller worked for The Schwan Food
Company from 1962 to 2007, and was a former Chief Financial Officer of the
Schwan Food Company. On January 1, 2009, Mr. Miller was appointed to
the Board of Directors of The Schwan Food Company. He is also the
Chairman of its Finance Committee and a member of the Audit and Risk Committees
at The Schwan Food Company. Mr. Miller is also on the Board of
Directors of FoodShacks, Inc. and Webdigs, Inc. and is a member on their
respective Audit Committee.
The Board
of Directors also appointed Mr. Miller to serve on the Company’s Audit and
Compensation Committees.
Appointment
of Jeffry J. Parell as a New Director
Mr.
Parell currently serves as the Executive Vice President and Chief Operations
Officers of Vanguard Rental Car, the parent company of National Car Company and
Alamo Rent a Car. From 2003 until 2009, Mr. Parell served various
roles at National Car Company and Alamo Rent a Car. From 2000 until
2003 Mr. Parell served as the President and Chief Executive Officer of Velocity
Express and from 2001 until 2003, he also served as the Chief Executive Officer
of its parent company, United Shipping & Technology, Inc. Mr.
Parell currently serves on the Board of the TreeHouse organization.
The Board
also appointed Mr. Parell to serve on the Company’s Compensation and Nominating
Committees.
About
Enable Holdings, Inc and its subsidiaries
The
Company, through its operating subsidiaries uBid, Inc., Red.Tag.com,
RedTagLive!, Dibu Trading Corporation and Commerce Innovators, offers
business-to-consumer and business-to-business online and offline marketplaces in
the United States. The Company connects companies, with excess inventory
solution needs, with products that include brand names to corporate
and consumer customers. It provides multi-channel asset recovery
solutions that includes online auction platform uBid.com, fixed-price online
commerce solution RedTag.com, offline excess inventory solution RedTag Live!,
business-to-business solution Dibu Trading Corporation, and upcoming private
auction software solution Commerce Innovations.
The
Company’s comprehensive solution set efficiently matches corporate sellers and
buyers (that are both corporate and consumers) through its various commerce
solutions. The Company has helped thousands of businesses sell over $2 billion
of excess inventory over the past ten years and has saved consumers hundreds of
millions of dollars in the process. Through its diverse, and
complementary, channels of distribution, the Company’s marketplace employs a
combination of auction style and fixed price formats which offers its sellers a
comprehensive asset recovery solution.
SEC
Filings and Forward-Looking Statements
Additional
information about the Company is available in the Company’s annual report in
Form 10-K and latest quarterly financial report in Form 10-Q, filed with the
Securities and Exchange Commission. Certain statements made in this
release are forward-looking statements. Forward-looking statements
are based on the then-current expectations, beliefs, assumptions, estimates and
forecasts about the business of the Company and markets in which the Company
operates. These statements are not guarantees of future performance
and involve risks, uncertainties and assumptions, which are difficult to
predict. Therefore, actual outcomes and results may differ materially
from what is expressed or implied by these forward-looking
statements. Factors which may affect the forward looking statements
identified above and the Company’s business, financial condition and operating
results generally include the effects of adverse changes in the economy,
reductions in consumer spending, declines in the financial markets and the
industries in which the Company and its partners operate, adverse changes
affecting the Internet and e-commerce, the ability of the Company to develop and
maintain relationships with strategic partners and suppliers and the timing of
its establishment or extension of its relationships with strategic partners, the
ability of the Company to timely and successfully develop, maintain and protect
its technology and product and service offerings and execute operationally and
the ability of the Company to attract and retain qualified personnel. The
Company expressly disclaims any intent or obligation to update these
forward-looking statements, except as otherwise specifically stated by the
Company.