Incumaker, Inc. Completes the Merger with Skyauction.com, Inc. and Provides Details on the Business Entities
ATLANTA, GA, Dec. 06, 2018 (GLOBE NEWSWIRE) -- Incumaker dba as www.ubid.com, (OTC Pink: QMKR), (“uBid/incumaker” or the “Company”) having recently announced it had completed the merger with Skyauction.com, has begun the process of integrating both companies with the goal of creating one unified auction platform. “Our very first priority is to capitalize on our shared customer base of 2.0 million by introducing new product offerings with the goal of creating an exciting new auction site”, commented Ketan Thakker, CEO of the joint companies.
With this acquisition, Incumaker adds deep industry expertise in the platform technology that will allow the Company to roll out and develop new and existing products. The combined platforms see 945,000 unique visitors on an annual basis, more than doubling uBid’s current site visitors. Also, with the completion of the merger, the Company adds $4.3 million in revenue and gains the ability to utilize the existing customers of the separate entities to increase its products offered by 50% to their respective customer base.
According to IBISWorld, in 2017 $394 billion was spent on ecommerce and auctions in the United States. “We see the acquisition and the entry into the online travel market as both an economic and extended product offering as a solid business opportunity”,” said Ketan Thakker, CEO of Incumaker. “Offering a diverse quality product as well as providing a great online experience will allow us to exploit and bring a greater product offering to our existing customer base and aggressively go after new customers. We are currently evaluating other opportunities in the online and auction market as our growth strategy allows us to look for possible acquisitions in the future to bring in new offerings and customers which will translate into increased shareholder value.”
About uBid Holdings, Inc. Ubid, Uwin, Usave, it is all about U! It isn’t just a clever tag line it spells out exactly how we feel about what we do. Whether it is computers, memorabilia or a trip to Orlando, Ubid.com has a single-minded focus on saving you money by allowing you to determine how much you pay for any item. We make the process easy to understand, engaging and fun. Our customers are our inspiration, they motivate us to seek out better, more valuable products, allowing them more opportunities to save money by determining what they want to pay for it. Our online marketplace provides the perfect outlet for manufacturers, retailers, distributors, and other suppliers to sell all types of products to a base of highly motivated consumers.
About Skyauction.com SkyAuction is a leading B2C travel auction website founded in 1999 that allows customers to bid on and purchase a full array of travel products and services. Product offers are presented in both reserve and no-reserve auction formats (many with a $1 minimum bid) that offer customers significantly discounted travel products without the obligation to meet a minimum price. Auction winners ultimately pay only the amount that they perceive to be a good value for the product or service. SkyAuction currently offers hundreds of hotels, resorts, cruises, discount certificates and many other travel related products as part of their daily auction offerings. Founded by veterans of the travel industry, Skyauction.com has many long-term relationships with top tourism providers worldwide.
About Incumaker Incumaker, Inc (QMKR: OTC PINK) is a diversified holding company whose strategic plan is to acquire interests in young businesses, and provide financing, advice and guidance to assist them in realizing their potential. It continues to identify and evaluate potential acquisitions that its management believes will create shareholder value and a return on investment. Additional information is available in its filings on otcmarkets.com. For additional information please email email@example.com
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