Bidz.com Signs Multi-Year Deal With Aramex to Offer Cost Effective Shipping Services to Its Middle East Customers

Countries Include: Bahrain, Cyprus, Egypt, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, Turkey, United Arab Emirates and Yemen

CULVER CITY, Calif., Jul 23, 2009 (GlobeNewswire via COMTEX News Network) -- Bidz.com, Inc. (Nasdaq:BIDZ) announced that it has signed a multi-year deal with Aramex to offer cost effective shipping services to its customers in 15 Middle East countries. The service will launch sometime in the third quarter of 2009.

Aramex is an extensive transportation network that offers customers around the world comprehensive transportation solutions that range from international and domestic express delivery, freight forwarding, logistics and warehousing to publication distribution. The Aramex-led Global Distribution Alliance (GDA) brings together 40 independent express companies from around the world, each specializing in their own region and together covering the world with the same, unified standards and business procedures. The network has more than 12,000 offices, 33,000 vehicles and 66,000 employees serving alliance customers and attending to the details of their business round the clock, around the globe.

"We are pleased to have partnered with Aramex which will allow us to offer a reliable and cost-effective shipping solution to our customers in the Middle East," said, Leon Kuperman, President and Chief Technology Officer of Bidz.com. "Aramex brings convenient, express shipping services that meet all of our customers' needs, including up to the minute tracking information and 24 hour in-language customer service. We are committed to providing great service, as well as high-end brand name products to our valued Arabic customers in the Middle East. Given the strong demand for our products in the Middle East we believe the combination of Aramex and the Bidz.com Arabic site will be a tremendous growth opportunity in 2009 and beyond."

"We look forward to extending the flexibility and convenience of Aramex's shipping services to Bidz.com's customers in the Middle East," commented Donald G. Smith, President of Aramex, United States. "Through this agreement, Aramex will be able to provide connectivity and reliability by utilizing its extensive network and cost-efficiency."

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.

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.

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SOURCE: Bidz.com, Inc.

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