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RBDC update: I guess it was true >>> RBID.com, Inc. Acquires Profitable Company

April 13, 2009 12:00 UTC

RBID.com, Inc. (Pink Sheets:RBDC) has acquired GLA International, Inc., a profitable and rapidly-growing distributor of health and nutrition products. GLA is now a 100% wholly-owned subsidiary of RBID.com, Inc. The acquisition was structured in a way that resulted in no dilution of ownership for RBID shareholders. GLA’s existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed. Further details will be released within the next few days.

RBID CEO Alan Rothman commented, “We believe that RBID’s acquisition of GLA International, Inc. is our most important achievement since the company’s inception. This acquisition adds significant value to the company by giving us immediate entry into the highly lucrative health food and direct sales industries with a company that is already profitable and a product line that is both unique and timely. We are committed to providing the management oversight and additional capital that will allow GLA to grow more quickly and escalate its impact in the marketplace.”

For more information about RBID.com, Inc. visit www.rbid.com.

Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of RBID.com, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.

RBID.com, Inc.
Alan Rothman
949-851-4733

Copyright Business Wire 2009