Tom Petters and Ted Deikel Increase Investment in Enable Holdings, Inc.

New Strategy A Catalyst For Investment

CHICAGO, Aug. 25 /PRNewswire-FirstCall/ -- Enable Holdings, Inc.
(OTC Bulletin Board: ENAB), the leading asset recovery solutions company for
the world's most trusted brands, today announced the purchase of an additional
1.5 million shares of common stock by Tom Petters, Chairman & CEO of Petters
Group Worldwide, and Ted Deikel, veteran investor and former Fingerhut
Companies Chairman & CEO. The stock purchase follows the company's recent
announcement of the implementation of its new business model, becoming a
comprehensive, multi-channel asset recovery solutions provider.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080814/AQTH536LOGO)
Petters and Deikel previously partnered in 2003, when they purchased
certain assets of the Fingerhut Companies and re-launched the business.
Fingerhut is today a prosperous, profitable and growing company.
"I see the potential long term value in Enable Holdings and firmly believe
in the company's new business model," said Petters. "They have positioned
themselves well in the marketplace and as they grow, I look forward to being
part of it."
Enable Holdings, Inc. (formerly uBid.com Holdings, Inc.) recently
announced a multi-channel lineup of asset recovery solutions through
e-commerce and offline platforms. This new model provides five purchasing
channels for consumers: business-to-business e-commerce, business to consumer
e-commerce, auction house e-commerce, fixed pricing, and offline commerce.
"I invested in this company because of their uniqueness and dominance in
their space," said Deikel. "Over the last 10 years they have acquired a top
brand vendor list and a large customer base. I feel these attributes combined
with the new multi-channel platform position the company for significant and
profitable growth."
"We spent the first and second quarters of 2008 building our new platforms
and we're very enthusiastic about our new sales channels and the growth
opportunities they represent. The benefits will be seen in the 3rd and 4th
quarters of this year," said Jeff Hoffman, Chief Executive Officer of Enable
Holdings, Inc. "It's a very exciting time at Enable Holdings."
For more information please visit http://www.enableholdings.com.
About Enable Holdings, Inc.
Enable Holdings, Inc. is the world's leading excess inventory solutions
company that links brand name sellers with customers around the globe. Enable
Holdings, Inc. does this through its multi-channel asset-recovery solution
that includes an online auction platform located at http://www.ubid.com,
upcoming fixed-price commerce solution RedTag.com, offline excess inventory
solution RedTag Live!, business-to-business solution Dibu Trading Company, and
upcoming private auction software company Commerce Innovations. Brand name
sellers are able to reduce excess inventory more efficiently and profitably
than ever before. And however they choose to buy, shoppers now have a
connection to the world's most trusted brands at prices far below retail.
Enable Holdings, Inc. boasts more than 10 years experience in online commerce.
SEC Filings and Forward-Looking Statements
Additional information about Enable Holdings, Inc. is in the company's
annual report on Form 10-K, filed with the Securities and Exchange Commission.
Certain statements made in this release are "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended, including
statements using terminology such as "anticipate," "believe," "estimate,"
"expect," "intend," "may," "could," "possible," "plan," "project," "should,"
"will," "forecast," and similar words or expressions. Enable Holdings, Inc.
intends that all forward-looking statements be subject to the safe harbor
provisions of the Private Securities Litigation Reform Act. Forward-looking
statements are based on the then-current expectations, beliefs, assumptions,
estimates and forecasts about the business of Enable Holdings, Inc. and the
industries and markets in which Enable Holdings, Inc. 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 statement identified above and Enable Holdings, Inc.'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 Enable Holdings,
Inc. and its partners operate, adverse changes affecting the Internet and
e-commerce, the ability of Enable Holdings, Inc. 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 Enable Holdings, Inc. to timely and successfully develop, maintain
and protect its technology and product and service offerings and execute
operationally, the ability of Enable Holdings, Inc. to attract and retain
qualified personnel, the ability of Enable Holdings, Inc. to successfully
integrate its acquisitions of other businesses, if any, and the performance of
acquired businesses. Enable Holdings, Inc. expressly disclaims any intent or
obligation to update these forward-looking statements, except as otherwise
specifically stated by Enable Holdings, Inc.
SOURCE Enable Holdings, Inc.

Ryan Calverley, Press Officer, Enable Holdings, Inc., +1-773-272-4414,
ryanc@ubid.com