Bidz.com Ranked #2 in Internet Retailer's Online Jewelry Category
Company Improves Ranking to 71st Overall in Top 500 Guide
CULVER CITY, Calif., Jun 10, 2009 (BUSINESS WIRE) -- Bidz.com (NASDAQ:BIDZ), a leading online auctioneer of jewelry, has been
ranked #2 in Internet Retailer's Online Jewelry Category and #71 in Top
500 Guide of the largest e-retailers. Bidz.com improved its ranking from
#74 in the 2008 guide. This is the fourth consecutive year that Bidz.com
has been on the list.
Internet Retailer's Top 500 Guide is the definitive report on ecommerce
websites. The annual guide features directory profiles and ranks the 500
largest e-retailing businesses based on annual online revenues. The
guide features some of the most respected and successful ecommerce
giants on the internet including Amazon, Costco and Zappos.com.
"We're very proud to be recognized in the Top 500 Guide among the most
successful online retailers," said Leon Kuperman, President & Chief
Technology Officer of Bidz.com. "We believe this achievement is further
evidence of our ability to offer luxury brand name jewelry and
accessories at low prices in a fun and exciting format. We remain
focused on further increasing our awareness and relevance to our
customers by continuing to provide quality goods at tremendous values."
"The fact that Bidz.com continues to move up on the list of Top 100
retailers reflects the success of its business model as an online
retailer," says Top 500 Guide editor and Internet Retailer Vice
President, Mark Brohan.
About Bidz.com Bidz.com, founded in 1998, is a leading online retailer of jewelry. Bidz
offers its products through at live auction format as well as a fixed
price online retail store, Buyz.com. Bidz.com's auctions are also
available in Arabic, German and Spanish. To learn more about Bidz.com
visit its website at www.bidz.com.
About Internet Retailer Published by Chicago-based Vertical Web Media LLC, Internet Retailer is
a monthly national business magazine that is at the core of an
e-commerce conference and four directories that serve the retailing
community. The Internet Retailer family of products focuses on the
Internet's vital role in a wide array of retailing activities, including
web merchandising, supply chain management and multichannel integration.
Its 42,500 subscribers are senior executives primarily from retail
chains, independent stores, catalogs, virtual merchants and brand name
manufacturers. Internet Retailer's circulation represents the largest
multichannel readership base of any retailing magazine. The magazine
also publishes the most widely read e-mail newsletter in retailing,
IRNewsLink, which is distributed four times a week to 30,000+ opt-in
subscribers, operates the largest retailing information web site,
InternetRetailer.com, sponsors the largest conference in the e-retailing
industry and publishes an annual ranking of the 500 largest web sites.
Safe Harbor Statement This press release includes forward looking statements about the
Company's estimated revenue and earnings within the meaning of the
Private Securities Litigation Reform Act of 1995. All statements other
than statements of historical facts contained in this release, including
statements regarding the Company's future financial position, business
strategy and plans and objectives of management for future operations,
are forward looking statements. The words "believe," "may," "will,"
"estimate," "continue," "anticipate," "intend," "expect," and similar
expressions, as they relate to the Company, are intended to identify
forward looking statements. We have based these forward-looking
statements largely on current expectations and projections about future
events and financial trends that we believe may affect the Company's
financial condition, results of operations, business strategy and
financial needs. Risks and uncertainties include that our common stock
is subject to short selling and trading, and prices of our stock may be
volatile; that we are subject to "prank" bidding; that we may face
increasing costs to acquire new customers; the ability of the Company to
attract customers to its website and offer attractive products; the
ability to maintain profit levels while expanding international sales;
the ability to detect fraud if we fail to maintain an effective system
of internal controls; the ability to maintain our website, electronic
data processing systems, and systems hardware; the ability to forecast
accurately net revenue and plan for expenses; that we do not have a
guaranteed supply of jewelry products and that we have a heavy
concentration of inventory purchase from our top two suppliers; the
ability to protect our intellectual property rights; and potential
litigation and government enforcement actions that may result from our
prior securities offerings. Please refer to Bidz.com's reports and
filings with the Securities and Exchange Commission for a further
discussion of these risks and uncertainties. Readers are cautioned not
to place undue reliance on forward-looking statements, which speak only
as of the date they are made. Bidz.com undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date they were made or to
reflect the occurrence of unanticipated events.
SOURCE: Bidz.com
IR Contact:
Addo Communications, Inc.
Andrew Greenebaum, 310-829-5400
andrewg@addocommunications.com
Copyright Business Wire 2009
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