Asset Recovery Leader Enable Holdings Secures $2 Million Bridge Loan

Enable Holdings, Inc. (OTC BB: ENAB) , a leading asset recovery solutions company for the world’s most trusted brands, today announced it has secured a bridge loan with Ted Deikel, veteran investor, and Bob Geras, President of LaSalle Investments, along with his wife Dawn Geras. The financing agreement will help Enable Holdings continue the development of its excess inventory solutions and sales channels to execute its strategy of becoming a comprehensive excess inventory solutions provider.

The bridge loan includes a $600,000 loan from Deikel, and a $1,400,000 loan from the Geras’. A portion of the proceeds from the bridge loan was utilized to pay off the outstanding loan balance with Wells Fargo Bank. Enable Holdings, Inc. will use the remainder of the loan to fund ongoing operations while growing its excess inventory sales channels. Under the terms of the agreement, Geras will, upon approval from the Board of Directors, become a member of the Board of Directors at Enable Holdings, Inc.

"We are very proud to announce this new relationship with Mr. and Mrs. Geras. Receiving the support of such respected and experienced investors, especially in these tough economic times, really solidifies our belief that we can become the leader in a fragmented industry. This financing puts us in a better position to do just that and also gives us time to complete additional financing projects," said Enable Holdings Inc. Chief Executive Officer Jeff Hoffman.

The financing represents the second significant investment over the last two quarters that Mr. Deikel has made in Enable Holdings, Inc.

Known as the "Godfather" of Chicago area technology investors, Bob Geras has founded, operated, advised and/or funded a number of successful companies throughout his distinguished career. Mr. Geras was recognized as "Angel Investor of the Year" in 2002 by the Illinois Technology Association and was inducted into the "Chicago Area Entrepreneurship Hall of Fame" in 2006. He was also the co-founder of Sixpence Inns, which was later acquired by Motel 6.

President and sole owner of LaSalle Investments for 30 years, Mr. Geras is a Founding Director of the Illinois Venture Capital Association and is involved with a number of venture funds, such as K-B Partners, Crestview Capital, Dunrath Partners, Ceres Venture Fund, and the Illinois Accelerator Fund.

"Dawn and I are very excited to now be a part of Enable Holdings," said Bob Geras. "We see great untapped potential for this company, and feel it is at the right place at the right time in this tough economy. Excess inventories are going to be a growing problem, and Enable Holdings is uniquely well positioned to help connect sellers and buyers with its multiple channel distribution strategy."

Enable Holdings, Inc. is the world’s leading excess inventory solutions company that links brand name sellers with customers around the globe. Enable Holdings, Inc. does this through its multi-channel asset-recovery solution that includes an online auction platform located at http://www.ubid.com/, upcoming fixed-price commerce solution RedTag.com, offline excess inventory solution RedTag Live!, business-to-business solution Dibu Trading Company, and upcoming private auction software company Commerce Innovations. Brand name sellers are able to reduce excess inventory more efficiently and profitably than ever before. And however they choose to buy, shoppers now have a connection to the world’s most trusted brands at prices far below retail. Enable Holdings, Inc. boasts more than 10 years experience in online commerce.