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RBID.com, Inc. is an organization of people dedicated to empowering entrepreneurs worldwide through a platform of Online business models that have the potential to be very lucrative and establish a social and business community that builds a core of visionaries that are attracted to play in this space. Through a full range of business networking contacts, products and services, we can position ourselves in the marketplace to exploit the best business categories. We believe we can create a true value proposition that is lucrative and acts in a socially compelling way to develop its core and must-have customers. We are a company that is quick and agile and intent on our ability to stay current and cost-effective in a fast-changing marketplace. We believe in the old-fashioned business model that if you find and fill a compelling need and strive for building a relationship that develops customer loyalty, it can be a life-time relationship! We want to establish a unique bond where you will be committed to buying the products or services from our company alone and it would take something truly earth-shattering to acquire it elsewhere. The secrets to success comes one relationship at a time. RBID will build a lifelong community of colleagues, Mentors, and business and social contacts and provide the tools, infrastructure and strategies with the objectives of exploding sales, stunning the competition, wowing customers, and achieve exponential growth.
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--RBID.com, Inc. (Pink Sheets:RBDC - News) has acquired GLA International, Inc., a profitable and rapidly-growing distributor of health and nutrition products. GLA is now a 100% wholly-owned subsidiary of RBID.com, Inc. The acquisition was structured in a way that resulted in no dilution of ownership for RBID shareholders. GLA’s existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed. Further details will be released within the next few days.
RBID CEO Alan Rothman commented, “We believe that RBID’s acquisition of GLA International, Inc. is our most important achievement since the company’s inception. This acquisition adds significant value to the company by giving us immediate entry into the highly lucrative health food and direct sales industries with a company that is already profitable and a product line that is both unique and timely. We are committed to providing the management oversight and additional capital that will allow GLA to grow more quickly and escalate its impact in the marketplace.”
For more information about RBID.com, Inc. visit www.rbid.com.
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of RBID.com, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
Contact: RBID.com, Inc. Alan Rothman 949-851-4733
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Today was a fantastic day here. Love the rumor concerning more news coming down the pipeline and thrilled with the strong base being built in the .0005.
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Adding for sure today taking advantage of early profit takers. Looking for much more from this. Especially want to hear the addtional news we are expecting off of yesterdays' announcment.
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The acquisition was structured in a way that resulted in no dilution of ownership for RBID shareholders. GLA's existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed. Further details will be released within the next few days.
Yup looks like we should start hearing more soon.
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RBID.com, Inc. Releases Details of Recent Acquisition
NEWPORT BEACH, Calif., Apr 15, 2009 (BUSINESS WIRE) -- RBID.com, Inc. (Pink Sheets:RBDC) has released further details regarding its recent acquisition of GLA International, Inc., which is now a 100% wholly-owned subsidiary of RBID.com, Inc. The acquisition was structured in such a way that there is no dilution of ownership for RBID shareholders, and RBID shareholders remain in control of the company and are assured a sizeable ownership position of GLA regardless of whether GLA remains a subsidiary or is eventually spun off as a separate entity. RBID's current float is 1,150,061,203 shares with 3,727,338,040 total outstanding. GLA International, Inc. is a profitable and rapidly-growing direct sales company that markets and distributes health and nutrition products to a worldwide customer base. In first quarter of operations, GLA generated $455,765 in revenues and $81,404 in net profits and paid a stockholder dividend. For its first year of operations the company projects $8,163,430 in revenues and $1,992,408 in net profits.
GLA's products include Healthy Energy Drinks, Alkaline Water Systems, and Superfoods, all of which are marketed through a strong multi-ethnic distribution network. GLA also offers a grass roots distributorship opportunity, complete with full training and support coordinated through its Costa Mesa, California headquarters. GLA's existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed.
RBID CEO Alan Rothman commented, ""We believe that GLA International, Inc. is an ideal fit for RBID, giving us international reach with products that are both unique and timely." Ken Jones, CEO of GLA International, Inc., added, "This acquisition provides us with the best of all possible worlds. Our current management team will remain in place to see this vision through to completion, and RBID's management and marketing experience and access to capital markets will allow us to move forward much more quickly."
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of RBID.com, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: RBID.com, Inc.
CONTACT: RBID.com, Inc. Alan Rothman, 949-851-4733 Copyright Business Wire 2009 -0-
KEYWORD: United States North America California INDUSTRY KEYWORD: Health Fitness & Nutrition Retail Specialty SUBJECT CODE: Merger/Acquisition
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The acquisition was structured in such a way that there is no dilution of ownership for RBID shareholders, and RBID shareholders remain in control of the company and are assured a sizeable ownership position of GLA regardless of whether GLA remains a subsidiary or is eventually spun off as a separate entity.
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RBID.com, Inc. http://www.rbid.com) facilitates the acquisition, commercialization, promotion and protection of emerging patented and/or proprietary technologies. RBID.com, Inc. also owns exclusive U.S. and European licensing and distribution rights to Simply Budgets home budgeting software (www.simplybudgets.com). RBID's business partner Leverage, Inc.(R) (leveragecard.com) provides a free personal web application for users to manage their offers and savings, gift cards, and loyalty/rewards programs online. Leverage(R) customers have access to a single application that allows them to purchase, track and exchange gift cards, earn interest on gift card balances with complimentary bankruptcy insurance, manage loyalty and reward programs, and receive highly targeted offers and savings from retailers. Leverage(R) also allows businesses to deliver offers and marketing messages in a non-interruptive and completely transparent way at the very moment customers are preparing to shop.
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RBID.com, Inc. Subsidiary GLA International, Inc. Announces Official Product & Company Launch Wednesday April 22, 2009, 9:00 am EDT Buzz up! Print Related:RBID.com Inc. NEWPORT BEACH, Calif.--(BUSINESS WIRE)--RBID.com, Inc. (Pink Sheets:RBDC - News) has announced that the official international marketing launch of its wholly-owned subsidiary GLA International, Inc. will coincide with a two-day conference at the Anaheim Convention Center on May 2 & 3, 2009. GLA has been in pre-launch since late 2008 and in its first quarter of pre-launch operations the Company generated $455,765 in revenues and $81,404 in net profits and paid a stockholder dividend.
Related Quotes Symbol Price Change RBDC.PK 0.0004 0.0000
{"s" : "rbdc.pk","k" : "c10,l10,p20,t10","o" : "","j" : ""} At the launch event, GLA will unveil for the first time both a new product in its existing line of water system products and an entirely new line of products to be announced. The conference is expected to draw several hundred attendees from around the globe, and major portions of the event will be broadcast live worldwide via the Internet. In addition to the introduction of the new products, the conference will include two full days of product presentations, distributor training, guest speakers and industry panels. Motivational speaker and author Les Brown will be featured as the event’s keynote speaker.
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