FedBid closes its strongest 1st quarter ever

April 1, 2005

FAIRFAX, VIRGINIA, April 1, 2005 - FedBid, Inc., the online marketplace for commodity buys, today announced that it had closed its strongest 1st quarter in the company’s history.

“January through March 2005 was a record quarter for Sellers using FedBid. More agencies are leveraging FedBid every day. The volume of dollars and the number of orders going to Sellers has more than doubled from this time last year”, says Geoff Edwards, Director of Auction Operations.

ABOUT: FedBid, Inc.

FedBid, Inc. provides online procurement services, including Reverse Auction and associated support services, through its buyer-driven online marketplace, www.FedBid.com. Today, procurement professionals across the federal government use FedBid to procure hundreds of millions worth of commodities and simple services. For more information, visit www.FedBid.com or call (877) 9FEDBID.