RBDC - News - Alert - $$$$

[HotstockBull]

May 20, 2009 (M2 PRESSWIRE via COMTEX) -- Our Stocks to Watch tomorrow include FONAR Corp. (Nasdaq: FONR), RBID.com Inc. (OTC: RBDC) and Heathrow Natural Food & Beverage Inc. (OTC: HRNF).
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RBID.COM INCORPORATED (OTC: RBDC) "Up 100.00% on Tuesday"

Detailed Quote:

RBID.COM, Inc. markets and distributes health and nutrition products to a worldwide customer base through its wholly-owned subsidiary GLA International, Inc. GLA is a profitable and rapidly-growing direct sales company whose products include Healthy Energy Drinks, Alkaline Water Systems, and Superfoods, all of which are marketed through a strong multi-ethnic distribution network. GLA also offers a grass roots distributorship opportunity, complete with full training and support coordinated through its Costa Mesa, California headquarters.

RBDC News:

May 19 - Retraction and Clarification of Press Release Regarding Completion of Updated Financials and Elevation to 'Current Information' on Pink Sheets

RBID.com, Inc. (OTC: RBDC) hereby retracts its press release of May 19, 2009 announcing that the company had elevated its status to "Current Information" with Pink Sheets, when in fact the disclosure documents submitted to Pink Sheets are still subject to amendment in order to meet with full compliance and approval.

The company unreservedly apologizes for any confusion caused by its earlier press release and expects to be fully compliant with Pink Sheets in the new future.

RBID.com Inc. Updates Financials and Elevates Pink Sheets Status to 'Current Information'

RBID.com, Inc. (OTC: RBDC) announced that it has released its current financial statements and reported them to Pink Sheets for uploading and disclosure. The posting of these updated financials, along with accompanying documents from RBID's financial team and a strong opinion letter from the company's legal counsel, qualifies RBID for "Current Information" status with Pink Sheets. This represents an upward move of four status levels to the second-highest level possible, and RBID has been notified by Pink Sheets that these changes will be reflected on the website some time today.

RBID.Com, CEO, Alan Rothman commented, "These events mark a significant milestone in RBID's growth as a publicly traded company, while also providing increased disclosure of management's continued efforts to build the long-term viability of the company. The recent product launch of our GLA, Inc. subsidiary has placed us in a more competitive position in the marketplace, and we have now taken the necessary steps to enhance our financial reporting and trading options."