Bidz

Description

Bidz Online Auction

Fast Exciting Online Auction Bidding with Bidz

The second most popular jewelry site on the Web, Bidz (NASDAQ: BIDZ), a leading online auctioneer of jewelry, has experienced tremendous growth, adding more than 150,000 new customers in the first half of 2008. Bidz sells more than 10,000 items a day from brands such as Vera Wang, Bvlgari, Moschino, and Tourneau. The average order is $183 and usually includes 3 items.

Bidz recently announced the initial launch of its online retail sister store, Buyz, which features high quality gold, silver and brand name jewelry and watches at fixed prices. Buyz will soon offer customers the opportunity to design their own jewelry, including diamond earrings and rings.

"Fast Exciting Online Auction Bidding with Bidz The second most popular jewelry site on the Web. A leading online auctioneer of jewelry, has experienced tremendous growth"

What sets Bidz apart from competitors is its unique live auction process. Unlike other auctions, which last for days and end bidding at a preset deadline, Bidz auctions are fast-paced and exciting with each bid placed in the last 15 seconds resetting the auction to 15 seconds until no further bids are made. Bidz is able to offer its items at such a discount because of smart purchasing from manufacturers, wholesalers and retailers who are trying to rid themselves of unsold inventory. Bidz.com is also available in Spanish.

Fast Exciting Online Auction Bidding with Bidz

Mission Statement;
Bidz is one of the largest and fastest growing jewelry companies on the Internet. Bidz aims to provide consumers around the world with high quality jewelry at affordable prices through both auctions and an online retail store, while rewarding investors with continued growth and profitability. Bidz is able to accomplish these goals through the smart purchasing of quality merchandise from manufacturers and retailers, and by giving customers great value and an engaging, fun experience.

Unlike other auctions, which last for days and end bidding at a preset deadline, Bidz auctions are fast-paced and exciting with each bid placed in the last 15 seconds resetting the auction to 15 seconds until no further bids are made. Most auctions have no reserve price.

Bidz is able to offer its items at such a discount because of smart purchasing from manufacturers, wholesalers and retailers who are trying to rid themselves of unsold inventory. On average, we sell more than 10,000 items per day. We sell many top quality, name brand items including: Vera Wang, Tourneau, Moschino, Movado, and Bvlgari.

We have more than 1 million registered users on Bidz. We added more than 150,000 customers in the first half of 2008. Many customers are repeat customers.

The common stock of Bidz became registered with the Securities and Exchange Commission (SEC) on June 21, 2005 when Bidz filed a registration statement on Form 10. Bidz stock trades on the NASDAQ Capital Market under the symbol "BIDZ".

Buyz features high quality gold, silver and brand name jewelry and watches at fixed prices. Buyz gives consumers the opportunity to buy quality jewelry at great prices, and gives them a convenient alternative to the Bidz auctions. Bidz will be translated into different languages, Bidz sites benefit from the company's proven ability to buy quality jewelry from sources around the world. The jewelry inventory for both is retained on site, which enables the company to quickly process and deliver all orders. Buyz unique variety of jewelry allows consumers to choose from a broad selection of diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones.