FedBid

U.S. Navy’s Naval Supply Systems Command (NAVSUP) invites FedBid to participate in its 2005 DON APC Conference in Los Angeles

February 1, 2005

FAIRFAX, VIRGINIA, February 1, 2005 - FedBid, Inc., the online marketplace for commodity buys, today announced its participation in the U.S. Naval Supply Systems Command (NAVSUP) 2005 DON APC Conference.

FedBid will present at sessions focused on providing purchase cardholders with innovative tools to help streamline card usage while improving procedural documentation. The Navy utilized the government’s Purchase Card program to process payments of over $1.6 billion from 2.3 million purchases in 2004. Citibank issues the Navy’s purchase cards under the MasterCard brand, with approximately 18,000 cards issued.

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.