Company Information
Bidz.com, Inc. First Quarter 2008 Results
Tuesday, May 6, 2008 - 4:30 PM ET
Webcast
Bidz.com, Inc. is an online auctioneer of jewelry, art and collectibles. Bidz offers outstanding value for its products through a highly entertaining interactive auction format. The Company requires only a $1 minimum opening bid. Its auctions continue until all bids are received. Bidz management has long-term experience in offering hot new styles and bargain jewelry inventory; and its sourcing model provides an alternative liquidation channel for manufacturers.
Bidz brings together the fragmented supply and demand of excess jewelry products in a single online location. It sells to consumers looking for a reliable source of bargain jewelry. Because of its low purchase cost, Bidz is able to give its customers control of the price they pay for products through a $1 minimum opening bid. Because Bidz purchases and retains its entire inventory on site, customers can rely on timely delivery of their purchases. Bidz also sells to resellers, who intend to resell their goods in secondary markets such as eBay and local auctions as well as through retail channels. These resellers have the opportunity to purchase products at lower prices than they would receive from manufacturers or other distributors. They also are able to purchase all of their products from one source. Bidz offers live auctions on its website 24 hours a day, seven days a week. For more information please visit the website at www.bidz.com.
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