FedBid Receives U.S. International Trade Commission Contract

Follows Recent Awards by Departments of Labor, Education, Commerce and Library of Congress

VIENNA, VA, May 30, 2012 – FedBid, Inc., the online reverse auction marketplace, announced today that the United States International Trade Commission has awarded the company a multi-year agreement to provide reverse auction services.

“By partnering with FedBid, the U.S. International Trade Commission is more equipped to fulfill its mission of safeguarding domestic industries and facilitating a dynamic international trading system,” Douglas Stuck, senior vice president of FedBid, stated. “The FedBid marketplace saves time, stretches budgets, and improves transparency in the Federal purchasing process, allowing agencies to more efficiently manage their ever-increasing workload.”

Stuck added, “Greater small business utilization and improvements in regulatory compliance are two of the many positive outcomes the U.S. International Trade Commission will achieve as a result of the better buying experience with FedBid.”

Since March, FedBid has received Federal awards from the Department of Labor, the Department of Commerce, the Department of Education and the Library of Congress. The U.S. International Trade Commission award includes a base year, plus four option years.

FedBid’s fully-managed online marketplace is used by thousands of Buyers from across the Federal Government and commercial market to improve the buying process for goods and services. FedBid helps acquisition professionals meet and exceed the savings requirements and best practices initiatives advocated by the White House’s Office of Management and Budget, including the Accountable Government Initiative Presidential Memorandum issued in 2010.

ABOUT: FedBid, Inc.

FedBid® is the fully-managed online marketplace, revolutionizing how the government and businesses buy products and services. By creating a new world of ‘FedBid-able’ buying and selling, where the principles of opportunity, transparency and competition prevail, FedBid empowers and energizes its customers, giving them the confidence to take control of the buying and selling process, and freeing them up to focus on moving their organization forward. For more information, visit FedBid online at www.FedBid.com or call (877) 9FEDBID.

FedBid — Better Buying | Smarter Selling®

CONTACT: Luther Tupponce, 703-738-6886, Lu.Tupponce@FedBid.com

Released: MAY 30, 2012

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