September 27, 1999 |
It seems that every week a company is declaring that it has a soup-to-nuts solution for small and medium-sized businesses going online. With such a crowded market, it's difficult to get attention. Over the summer, Laguna Hills-based Rbid.com Inc. tried a $50,000 sweepstakes to lure visitors. The promotion ended on Sept. 5, and the company, which had to extend the contest and has yet to name a winner, hasn't been thrilled with the response.
May 24, 1999 |
Having a skyrocketing stock price with no profits in the foreseeable future is old hat when it comes to Internet stocks, with Amazon.com Inc. leading the way. But how about soaring stock values with virtually no products or services? For that, you can turn to the likes of Laguna Hills-based Rbid.com Inc. and Irvine-based 2TheMart.com Inc., who have been riding the mania over online auctions while producing little evidence that they can take on their claimed rivals, such as EBay Inc.
August 16, 1999 |
On the Internet, if you build it, they don't necessarily come. Just ask Laguna Hills-based Rbid.com. Earlier this month, the online store expanded a promotion targeted at users of its online auction to include customers of the company's other offerings. Apparently the lure of a $50,000 prize hasn't attracted many takers at the auction. On Friday, Rbid, which is traded over the counter, had all of 16 items for sale on its auction, and no bidders for any of them.
September 16, 2000
IReach Worldwide, a unit of Rbid.com Inc. in Irvine, said Friday that it has received a one-year contract to market Learnability Inc.'s online software-training programs. Financial terms were not disclosed. Learnability, based in Moraga, Calif., develops online-learning courses. Rbid.com develops marketing and distribution networks.
September 22, 2000 |
Rbid.com Inc. said Thursday it received a commitment from Marathon Inc. for $210 million of debt financing to be used exclusively for acquisitions. The Irvine developer of marketing and distribution networks said it is seeking strategic opportunities for its growth plan. Marathon is a trading and investment corporation with more than $1.3 billion in assets.
September 27, 2000 |
The majority shareholder in Herbalife International Inc. rejected a $172.7-million offer by Rbid.com Inc. to buy its shares in the Los Angeles dietary products distributor. Less than 24 hours after the buyout bid was made public, the Mark Hughes Family Trust said in a news release that "various factors led to the conclusion that the proposal did not warrant discussion or negotiation."