<SUBMISSION>
<ACCESSION-NUMBER>0001144204-06-031097
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060801
<ITEMS>5.02
<ITEMS>9.01
<FILING-DATE>20060804
<DATE-OF-FILING-DATE-CHANGE>20060804
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>uBid.com Holdings, Inc.
<CIK>0001219097
<ASSIGNED-SIC>5961
<IRS-NUMBER>522372260
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
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<ACT>34
<FILE-NUMBER>000-50995
<FILM-NUMBER>061005651
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<BUSINESS-ADDRESS>
<STREET1>8550 WEST BRYN MAWR
<STREET2>SUITE 200
<CITY>CHICAGO
<STATE>IL
<ZIP>60631
<PHONE>(773) 272-5000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>8550 WEST BRYN MAWR
<STREET2>SUITE 200
<CITY>CHICAGO
<STATE>IL
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<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>CAPE COASTAL TRADING CORP
<DATE-CHANGED>20030219
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<FILENAME>v049008_8k.htm
<TEXT>
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    <div id="PGBRK" style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt">
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            <td align="left" valign="bottom" style="width: 63pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
              5.02</strong></font></td>
            <td align="left" valign="bottom">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Departure
                of Directors or Principal Officers; Election of Directors;
                </strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Appointment
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      and elected Paul Traub as an additional director. He was not elected pursuant
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      Traub, Bonacquist &amp; Fox, LLP, a New York based law firm, in 1982, focusing
      on strategic asset acquisitions and disposition, insolvency and corporate
      restructuring, distressed financings and litigation. In connection with his
      election to the Board, Mr.&#160;Traub received a ten-year option to purchase
      50,000 shares of the Company&#8217;s Common Stock at $5.44 per share.</font></div>
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      is
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      fiscal year, any transaction with the Company in which Mr. Traub has or had
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              <td align="left" valign="bottom" style="width: 63pt;"><strong><font size="2">Item
                9.01</font></strong></td>
              <td align="left" valign="bottom"><strong><font size="2">Financial
                Statements and
                Exhibits.</font></strong></td>
            </tr>

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            </td>
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              <div><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">(d)</font></div>
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            </td>
            <td align="left" style="width: 72pt;"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Exhibit
              99.1</font></td>
            <td align="left">
              <div align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                release dated August 3, 2006.</font></div>
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            <td width="25%"><font size="2">Date of Report:</font></td>
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</font>
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      HOLDINGS, INC.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center">&#160;</div>
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      <hr style="COLOR: black" align="left" noshade size="2" width="100%">&#160;<br></div>
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              NO.</font></td>
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              <div style="MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; MARGIN-RIGHT: 0pt" align="justify"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v049008_ex99-1.htm
<TEXT>
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  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff">
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="right"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>EXHIBIT
      99.1</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>uBid.com
      contact:</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: -216pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Anthony
      Priore </font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: -216pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
      Marketing Officer</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: -216pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">773-272-5000</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: -216pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">tpriore@ubid.com</font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font></div>
    <div>&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 216pt; TEXT-INDENT: -216pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>FOR
      IMMEDIATE RELEASE:</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 12pt; FONT-FAMILY: Times New Roman"><strong>uBid.com
      Holdings, Inc. Announces Addition to its Board of
      Directors</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>August
      3, 2006, Chicago, Ill. </strong></font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">-
      uBid.com Holdings, Inc. (OTCBB: UBHI), announced today that Paul Traub has
      been
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      three members.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Mr.
      Traub
      is a founding partner of Traub, Bonacquist &amp; Fox, LLP, a New York based
      "boutique" firm, focusing on strategic asset acquisitions and disposition,
      insolvency and corporate restructuring, distressed financings, and litigation.
      He has served as lead counsel to creditors&#8217; committees, debtors in complex
      Chapter 11 cases, and in transactional work in dozens of cases representing
      sellers, purchasers, and creditors of financially troubled companies throughout
      the United States and Canada. In addition, Mr. Traub is an advisor to Petters
      Group Worldwide, LLC a principal stockholder of uBid.com.</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Stuart
      R.
      Romenesko, Chairman of the Board of Directors of uBid.com stated, &#8220;I&#8217;m pleased
      to welcome Paul to the uBid.com Board of Directors. He has vast experience
      acting as a mentor to numerous management teams and has been instrumental in
      helping other companies evaluate their strategic direction and implement their
      objectives. I believe Paul&#8217;s entrepreneurial spirit combined with his 30 years
      of legal training will be an invaluable asset in guiding the future of
      uBid.com.&#8221;</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">About
      uBid.com Holdings, Inc. </font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">uBid.com
      Holdings, Inc. operates an online auction marketplace located at www.uBid.com
      offering new, close-out, overstock and refurbished merchandise to both consumers
      and businesses through a trusted auction style and fixed price format. uBid.com
      provides consumers the opportunity to bid on or buy a wide variety of popular,
      brand name products at significant discounts. uBid.com's unique platform enables
      only certified suppliers and manufacturers a more efficient and economical
      channel for maximizing revenue of their surplus merchandise. Furthermore,
      uBid.com offers consumers a trusted buying environment, eliminating potential
      fraud by certifying all its merchants and processing 100% of all merchandise
      transactions between buyers and sellers. uBid.com Holdings, Inc. is publicly
      traded on the NASD OTC bulletin board (UBHI).</font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><br></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">###</font></div>
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