Las Vegas, NV. (December 4, 2008) - AmeriBid announced today they have chosen to enroll all of their employees on BIOWRAP™ as a cost effective management tool for corporate intellectual property. The use of this software allows AmeriBid to operate with the highest level of assurances that files created by every employee are authentic, secure and have true audit capability, making these files truly authentic AmeriBid files. AmeriBid employees can create verifiably secure, authenticated and accountable electronic files by entering a username, password and a fingerprint. The recipient of a BIOWRAP file will know that only an AmeriBid employee could create the file and that the file has not been altered. Sophisticated layers of protection are embedded into every file to ensure the integrity of the file and its' associated Accountability Reports. AmeriBid employees will also have access to real-time Accountability Reports, a comprehensive tracking management tool that is capable of tracking all individuals that have viewed AmeriBid files.

BIOWRAP is ideally suited for any types of files that corporations want the highest level of assurances that they will remain intact. Examples include portfolio tapes, accounting spreadsheets, legal documents, sensitive corporate documents, marketing plans and human resources documents.

In addition to their own employees, AmeriBid has taken an additional step and is requiring that all of their appraisers operate on the BIOWRAP platform. This step demonstrates their commitment to the best practice of security and management of AmeriBid valuations, furthering their dominant position in the competitive accelerated asset disposition marketplace.

According to AmeriBid CEO Larry Latham, "AmeriBid believes in the integrity of our intellectual property and the need to preserve it in its original created format. BIOWRAP allows our employees to preserve documents in their original created format and then share them with others without fear of having our information altered or changed. The audit trail is preserved and reports are available for legal documentation. Our additional step of requiring our appraisers to BIOWRAP their appraiser reports simply means that we expect from our appraisers what we expect from our employees - authentic and accountable AmeriBid information."

Biometric Management Systems, LLC (BMS) develops and implements innovative software solutions, including BIOWRAP, that are driven by biometric technology. The advanced biometric technology that is the basis of BMS's solutions makes possible limitless customized security/accountability system configurations that are both state-of-the-art and affordable. Founded in 2005, BMS is headquartered in Lake Mary, FL and operates worldwide. For more information on BIOWRAP, please visit www.biometricwrap.com or call 1-877-267-3463.

AmeriBid's model will provide multiple solutions and proven exit strategies nationwide to institutional owners of financial and real estate portfolios. AmeriBid expects to service the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. AmeriBid has offices throughout the United States in Las Vegas, Dallas and St. Augustine with plans to open four additional offices in 2009. AmeriBid professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. Its group has worked for HUD, Fannie Mae, FDIC, RTC, GSA, VA and hundreds of lenders across the country. To learn more about AmeriBid's national expertise and The AmeriBid Method, go to www.AmeriBid.com or contact Louis Fisher, President of AmeriBid, LLC at Tel: 954.931.0592, or Email: louis@ameribid.com.

AmeriBid has announced Stanley Tate, former Chairman of the National Advisory Board of the Resolution Trust Corporation ("RTC") and long-time real estate developer, has joined the company as Chairman of the Board. AmeriBid was recently launched by real estate innovators Larry Latham, Louis B. Fisher III and Doug Dennison to provide multiple solutions and proven exit strategies to institutional owners of financial and real estate portfolios using its proprietary global platform while investing in America's communities.

"We are excited to have a real estate legend in Stanley Tate join our company," said Latham, CEO of AmeriBid. "His experience with the problems with the REIT industry in the mid-1970s and then with the RTC and housing crisis of the late 1980s and early 1990s will play an integral role in the strategic direction of AmeriBid and our goal to provide a solution to the foreclosure crisis."

The AmeriBid Method centers on "Investing in America's Communities" by focusing on every foreclosure as a home in a neighborhood -in a community. Its strategy is to share a portion of the marketing savings and/or a portion of the earned conversion revenue with the community through direct donations, matching grants, community challenges and sponsorships.

"Our country needs some assistance in this housing crisis," said Tate. "The magnitude of the problem is immense. The RTC sold hundreds of billions of dollars of assets, but this housing crisis is much bigger. We must sell these homes now, before neighborhoods suffer further deterioration. When I looked at the experience of the AmeriBid Team, I realized that they were in the best position to get these properties back into the hands of end-users. I am thrilled to be appointed as Chairman and look forward to starting immediately."

Tate went on to say that during his experience with the RTC in the 1990s, "it quickly became apparent that one of the best ways to get the highest and best price when disposing of large amounts of properties was and is through auction."

Mr. Tate participated in the formation of the Financial Institutions Reform, Recovery and Enforcement Act of 1989, the legislation which laid the foundation for the Resolution Trust Corporation ("RTC"). Mr. Tate's involvement with the then newly-formed RTC began in 1989 when he was named Chairman of Region 1, which included 20 states on the Eastern seaboard. In July 1993, Mr. Tate was nominated by then President Clinton for appointment as Chief Executive Officer of the RTC. Mr. Tate withdrew his nomination in November 1993. His influence in the real estate and housing industry in the U.S. continued with his membership on Fannie Mae's National Housing Impact Advisory Council, a post he held from 1994 - 1996.

A resident of Dade County, Florida, helping the community is very much a part of Mr. Tate's life. Mr. Tate was instrumental in the design and implementation of the Florida Prepaid College Program, which was created in 1987. By an act of the Florida Legislature and then through a Bill signed by Governor Jeb Bush, the program was renamed the "Stanley G. Tate Florida Prepaid College Program" in 2006. This program continues to provide Florida residents affordable education options for their children with over 1.2 million contracts as of June 2007. Mr. Tate served as the Chairman of the Board for the first 18 years of the program's existence.

About AmeriBid

AmeriBid's model will provide multiple solutions and proven exit strategies nationwide to institutional owners of financial and real estate portfolios. AmeriBid expects to service the accelerated asset disposition needs of financial institutions, government agencies, REITs, hedge funds and bankruptcy courts. AmeriBid has offices throughout the United States in Las Vegas, Dallas and St. Augustine with plans to open four additional offices in 2008. AmeriBid professionals contribute strong operational and technical abilities with extensive experience with financial institutions and real estate businesses. Its group has worked for HUD, Fannie Mae, FDIC, RTC, GSA, VA and hundreds of lenders across the country. To learn more about AmeriBid’s national expertise and The AmeriBid Method, go to www.AmeriBid.com or contact AmeriBid Corporate Headquarters at Tel: 800-552-8426, Fax: 702-940-8487, or Email: info@ameribid.com.

As financial institutions suffer under the weight of more REO-owned properties, three auction pioneers are rolling out AmeriBid - a company designed to offer the market many solutions and effective exit strategies. The platform aims to help institutional owners of financial and real estate portfolios, AmeriBid said in a press release.

We need positive action now that puts an owner back into each home and the same strengthens the community in which it is located," said Louis B. Fisher III, the president of AmeriBid. "The AmeriBid plan is for each and every REO that AmeriBid converts, there will be direct enhancements to the community."

Fisher started the company with fellow auction leaders Larry Latham and Doug Dennison. The team, which brings decades of experience to the table, says their solution is based on the philosophy that AmeriBid is investing in communities by paying attention to each and every foreclosure.

More than 25 corporate executives joined AmeriBid LLC, the real estate solutions company, gathered in Las Vegas Dec. 7-9 for the company's first annual conference. AmeriBid is creating clearinghouse for portfolio investors and institutional and private sellers and is dedicated to restoring homeownership to private citizens and rebuilding communities damaged by the current mortgage crisis. AmeriBid proposes to provide a full range of services, including valuation, property management, and lending to the individual homeowner through its principals and subsidiaries. The company's headquarters is in Las Vegas, Nevada, with regional offices in St. Augustine, Florida and Dallas, Texas.