SOURCE: Bidz.com

March 17, 2006 17:21 ET

Bidz.com, Inc. Files for Initial Public Offering

LOS ANGELES, CA -- (MARKET WIRE) -- March 17, 2006 -- Bidz.com, Inc. announced today that the Company has filed a registration statement with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The shares in the offering will be offered by Bidz.com. The Company intends to apply to have its shares listed on the Nasdaq National Market under the symbol "BIDZ."

ThinkEquity Partners LLC will act as the sole book-running manager for the proposed offering, with Susquehanna Financial Group, LLLP acting as co-manager. Copies of the preliminary prospectus relating to the offering, when available, may be obtained from ThinkEquity Partners LLC, 600 Montgomery Street, San Francisco, CA 94111 (415-249-2935).

Bidz.com, Inc. is a leading online retailer of jewelry, offering high-quality merchandise, a unique user-friendly shopping experience, and the opportunity for buyers to achieve significant cost savings versus traditional retail channels. The Company offers its products through its website, www.bidz.com, which features a live auction format, including "no reserve" auctions, a $1 minimum opening bid, and a unique 30-second auction extension period that allows its auctions to continue until all bids are received. The Company's product inventory includes gold, platinum, and silver jewelry set with diamonds, rubies, emeralds, sapphires, and other precious and semi-precious stones; and watches.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

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