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TechSmart.com, uBid.com Sign Three-Year Pact

Auction and e-commerce site uBid.com made a move into the B2B market by teaming up with TechSmart.com, signing a three-year deal whereby TechSmart.com will provide uBid.com users with an online marketplace to purchase surplus digital business assets.

TechSmart.com is a B2B marketplace for surplus technology asset recovery and IT services.

The new marketplace at uBid.com will sell pre-owned business equipment, such as PCs, laptops, copiers, phone systems, servers and cameras, exclusively through TechSmart.com. These products have been inspected and fully certified by TechSmart.com, taking the "buyer beware" out of B2B auctions, the company said.

Financial arrangements were not disclosed.

"uBid.com business users will be introduced to affordable, tier-one digital business products without sacrificing quality," said Dennis M. Lynch, founder of TechSmart.com. "TechSmart.com will (gain) visibility for our Fortune 2000 customers who rely on our company to maximize value for their assets."

TechSmart.com specializes in the asset recovery of digital business technology for leasing companies, e-tailers, retailers, Fortune 2000 businesses and OEMs.

"uBid.com has been doing business with TechSmart.com for a year and we are impressed with their commitment to making sure that each item they sell is of great quality," said Tim Takesue, vice president of merchandising for uBid.com, a majority-owned operating company of CMGI Inc.