FedBid releases its newest software platform, providing FedBizOpps integration

June 1, 2004

FAIRFAX, VIRGINIA, May 1, 2004 - FedBid, Inc., the online marketplace for commodity buys, today announced that it has released the latest version of its online marketplace, providing automated data feeds to FedBizOpps.

This latest release provides U.S. federal government Buyers with the ability to automatically post combined synopses/solicitations to www.FedBizOpps.gov (FBO). FBO is the single government point-of-entry (GPE) for federal government “open market” procurement opportunities over $25,000. “The ability to automate the FBO data feed is a true win:win:win. Not only does this feature help reduce the administrative burden placed on the contracting officer, it helps increase supplier awareness, and demonstrates how government and commercial e-systems are positively working together today”, says Brendan Walsh, FedBid’s Co-Founder and Vice President.

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.