CHICAGO, Sept. 2 /PRNewswire/ -- Enable Holdings, Inc.
(OTC Bullein Board: ENAB), (the "Company"), one of the leading
asset recovery solution providers for products of the world's most
trusted brands, with operating subsidiaries uBid, Inc., RedTag.com,
RedTag Live!, Dibu Trading Corporation and Commerce Innovations,
announced today the engagement of Manchester Companies, Inc.
Manchester will serve as the Company's Chief Restructuring
Officer to assist the Board of Directors and management in
assessing options to financially restructure the business and
develop a path to achieve profitability. Manchester is a
nationally recognized financial advisory and restructuring firm
headquartered in Minneapolis with
offices in Chicago and
Dallas.
About Enable Holdings, Inc. and its Subsidiaries
The Company 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 private auction software solution Commerce
Innovations. Over the past twelve years the Company has
developed a customer base of over 5.8 million registered users and
a network of over 7,000 manufacturers, retailers and distributors
that make up the various commerce solutions that the Company
offers. The Company has helped thousands of businesses and
consumers facilitate the sale of over $2
billion of inventory over the past twelve years and has
saved consumers hundreds of millions of dollars in the process.
SEC Filings and Forward-Looking Statements
Additional information about the Company is available in the
Company's annual report on Form 10-K and latest quarterly financial
report in the 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 relationship 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.
SOURCE Manchester Companies, Inc.
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