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Thursday, 04/19/2018 1:18:39 PM

Thursday, April 19, 2018 1:18:39 PM

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Hope to see some updates here ....Ketan Thakker, UBID’s Chief Executive Officer, a position he will retain following the merger with Incumaker, stated: “The consummation of a definitive agreement to merge represents another significant step in recapturing value for our stockholders. Our management believes that the APO will offer UBID greater visibility within the marketplace and increased access to much-needed growth capital. Over the coming weeks, our singular focus will be taking the necessary steps to close the contemplated transaction and increase shareholder value for both shareholders of UBID and Incumaker.” Darren Bankston, CEO of Incumaker, commented: “After reviewing many merger candidates over the past six months, I feel that uBid Holdings, Inc., and, in particular, Mr. Thakker and his team, represent the best option for Incumaker and its shareholders. I am extremely impressed with what I have learned about uBid Holdings, its growth plans and its very impressive and seasoned incoming board of directors. This merger represents a very exciting time for all parties involved.”

Under the terms of the Agreement and Plan of Merger, Incumaker and UBID must close the merger by May 31, 2018.

https://finance.yahoo.com/news/incumaker-inc-announces-merger-ubid-120000187.html
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