BIDZ.Com Stock to Begin Trading on the OTCQB Market

BIDZ.Com Stock to Begin Trading on the OTCQB Market

REDONDO BEACH, Calif., Nov. 12, 2012 (GLOBE NEWSWIRE) --, Inc. (the
"Company") announced that its stock will begin trading on the OTC Market's
OTCQB marketplace under its ticker symbol "BIDZ" commencing on November 13,
2012. Investors will be able to view the Real Time Level II stock quotes for

On November 9, 2012, the Company received notification from The NASDAQ Stock
Market stating that the NASDAQ Hearings Panel has determined to delist the
Company's shares of common stock from The NASDAQ Stock Market, effective at
the open of business on Tuesday, November 13, 2012. The delisting of the
Company's common stock is a result of the Company's failure to regain
compliance with the $1 minimum bid price for its common stock for continued
listing, and the failure to comply with NASDAQ listing rules which require the
Company to maintain board and audit committee independence.

The move to the OTC Market's OTCQB marketplace does not change the Company's
reporting obligations with Securities and Exchange Commission ("SEC") under
applicable federal securities laws.

About OTC Markets Group Inc.

OTC Markets Group Inc. (OTCM) operates Open, Transparent and Connected
financial marketplaces for investors to easily trade almost 10,000 equity and
debt securities through the broker of their choice. OTC Markets Group
organizes these securities into tiered marketplaces to inform investors of
opportunities and risks. OTC Markets Group's data-driven platform enables
efficient trading through any broker at the best possible price and empowers a
broad range of companies to improve the quality and availability of
information for their investors.

About, Inc., founded in 1998, is a leading online retailer of jewelry. Bidz
offers its products through a live auction format as well as a fixed price
online retail store, Bidz also operates, a division of, a flash sale shopping website, offering authentic premium brand name
merchandise. Modnique offers its members exclusive access to 24-72 hour sales
events on designer apparel, accessories, shoes, and housewares and much more
at price points up to 85% below traditional retail prices.

Forward-Looking Statements

This release contains statements made by Bidz that are forward-looking
statements within the meaning of Section 21E of the Securities Exchange Act of
1934, as amended. 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. Bidz based these forward-looking statements
largely on current expectations and projections about future events and
financial trends that Bidz believes may affect its financial condition,
results of operations, business strategy and financial needs. Risks and
uncertainties include the growth of our business may depend on our ability to
successfully introduce and expand new product offerings, including those on; that the unavailability of debt financing to fund our operations
could adversely affect our business; that repurchases of our common stock may
not prove to be the best use of our cash resources; that we may be at risk to
accurately report financial results or detect fraud if we fail to maintain an
effective system of internal controls; that our branded inventory may be
vulnerable to complaints or claims of infringement on intellectual property
rights; that our common stock is subject to short selling and trading, and
prices of our stock may be volatile; that we must continue to generate a high
volume of visitor traffic to our website and convert those visitors into
buyers; that we are subject to "prank" bidding; that we may face increasing
costs to acquire new customers; that we anticipate expanding our international
sales activities, causing our business to become increasingly susceptible to
numerous risks that could affect our profitability; that we do not have a
guaranteed supply of jewelry products, and we have a concentration of
inventory purchases from our top two suppliers; that competition from online
auctioneers and other online companies with greater brand recognition may
adversely affect our sales; that we may be subject to a tax liability for past
sales and our future sales may decrease if we are required to collect sales
and use taxes on the products we sell; that increases in the cost of precious
metals and precious and semi-precious stones would increase the cost of our
jewelry products; that any failure of our auction and bidding systems
hardware, which is located at a single third-party co-location facility, or
any failure of our fulfillment and administrative hardware would adversely
affect our business and results of operations; that failure to protect
confidential information about our customers and our network against security
breaches could damage our reputation; that our inventory is vulnerable to
damage or loss caused by fire, flood, earthquakes, theft and similar events;
that increases in credit card processing fees could increase our costs; that
seasonal fluctuations in our net revenue could cause our quarterly results to
fluctuate and cause our results of operations to be below expectations; that
descriptions of our merchandise are not guarantees and may confuse, mislead or
disappoint our customers; that we may unknowingly be involved in "conflict"
diamond purchases; that we may be subject to regulations governing the conduct
and liability of auctioneers, which could adversely affect the way in which we
conduct our business or otherwise increase our cost of doing business; that we
are subject to regulations relating to consumer privacy, which could increase
the cost of our doing business; 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 protect our intellectual property rights; and potential litigation and
government enforcement actions. All forward-looking statements are qualified
in their entirety by reference to the factors described in Part I, Item 1A,
"Risk Factors" in Bidz' 2011 Annual Report on Form 10-K that could cause the
actual results of Bidz to differ materially from those projected in such
forward-looking statements.

         Tawnia Suggs
         Investor Relations
Press spacebar to pause and continue. Press esc to stop.