CHICAGO, July 21 /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 addition of a new Automotive category to uBid.com. The recent struggles of many large automakers are paving the way to huge markdowns throughout the auto industry. Powered by Zag.com, the new uBid.com Automotive category gives consumers an avenue to these outstanding automobile deals.

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By leveraging group buying power, Zag customers save an average of $5,048 off MSRP including incentives. The partnership of uBid and Zag will help increase the group buying power leverage, potentially helping consumers save even more. Consumers also benefit from upfront and guaranteed pricing, which they would likely not get shopping traditionally.

The new uBid Automotive category allows consumers the flexibility to shop for new and used cars with financing and warranties over the Internet rather than visiting multiple dealerships to find the car they're looking for, a major complaint and source of frustration for consumers.

"Consumers are looking for ways to save more money and car dealers who want to stay in business are realizing that marketing through trusted brands with upfront pricing will help them sell more cars," said Scott Painter, Zag CEO. "Working with uBid, we will help these savvy shoppers capitalize on this great auto buying opportunity."

As consumers come to realize the connection between the struggles of some of the major automakers and great deals on automobiles, the drive in consumers to find the best deals is mounting. The new uBid Automotive category enables its customers' search for these great deals to fire on all cylinders.

"The turmoil in the auto industry has created an unprecedented amount of deals out there," said Enable Holdings, Inc. Chief Executive Officer Jeff Hoffman. "With the help of Zag, we're giving our customers an avenue to find these special deals. It's really the smartest way to buy a car in the midst of the best car-buying market we may see for quite some time, if not ever."

For more information please visit www.enableholdings.com.

About Enable Holdings, Inc.

Enable Holdings, Inc. is a leading asset recovery solutions company for the world's most trusted brands. Enable Holdings connects brand names with excess inventory solution needs to customers through its multi-channel asset-recovery solution 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 upcoming private auction software solution Commerce Innovations.

Enable Holdings' comprehensive solution set efficiently matches sellers and buyers through its various commerce solutions. Enable Holdings has helped thousands of businesses sell over $2 Billion of excess inventory over the past 10 years and has saved consumers hundreds of millions of dollars in the process.

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.