Name: Bidz.com, Inc.
Address: 639 S Broadway 8, Los Angeles, CA, 90014-1803, USA
Telephone: (310) 280-7373

Bidz is ranked the second online jewelry retailer by Hitwise. It is unique in that it operates under a live auction process. Unlike automated Internet auctions that have a precise start and end time, Bidz.com's auctions are fast-paced, with each bid placed in the last 15 seconds resetting the auction to 15 seconds until no further bids are made. The opening price on most items is $1, regardless of the stated retail value. Bidz aims at encouraging buyer confidence by providing a stress-free shopping experience with their liberal return policy.The inventory for Bidz.com comes from closeout merchandise from manufacturers, wholesalers and retailers who are trying to clear out unsold inventory. It is common for BIDZ to acquire merchandise below, sometimes well below, wholesale prices. Because of their buying power, they are able to offer deep discounts on their merchandise. Brand name merchandise includes high-end brands such as Vera Wang, Bvlgari and Gucci. Bidz.com's product inventory includes gold, platinum and silver jewelry embellished with diamonds, rubies, emeralds, sapphires and a host of other precious and semi-precious stones. Visitors to the site can choose from a vast array of rings, necklaces, earrings, bracelets and watches. The company is headquartered in Culver City, California, USA, and sells to customers in the United States and internationally. Order processing is quick, as inventory is retained on-site.Bidz.com was founded in November 1998 by David Zinberg, who is the current CEO. He has also served as the Chairman of the Board since its inception. The live auction website, www.bidz.com, was launched in February 1999 and was designed to provide consumers with a secure place to purchase discount jewelry online. It is also a portal for manufacturers to sell excess merchandise. Bidz.com, BIDZ on NASDAQ, has recently experienced a great deal of growth adding more than 150, 000 new customers in the first half of 2008. They report sales of over 10, 000 items per day to their several million registered users. Bidz recently announced the launch of its online retail sister store, Buyz.com. The focus of this enterprise is on high quality gold, silver and name brand jewelry and watches sold at fixed prices. In 2008, Bidz.com launched Arabic, German, and Spanish versions of its online auction site.

Bidz.com, Inc.

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