EX-99.1
2
a12-21997_2ex99d1.htm
EX-99.1
Exhibit 99.1
Glendon Group Acquires BIDZ.com, Inc.
REDONDO BEACH, Calif., November 26, 2012 -- On November 26, 2012 BIDZ.com, Inc., a leading online retailer of jewelry, was acquired by Glendon Group, Inc. ("Glendon Group") through a merger of Bidz.com into a subsidiary of Glendon Group pursuant to a previously announced merger agreement.
At Bidz.com's annual meeting that was held on September 27, 2012, the merger agreement was approved by holders of a majority of the outstanding Bidz.com shares as well as by holders of a majority of the outstanding Bidz.com shares that are held by unaffiliated stockholders.
As a result of the merger, Bidz.com is a privately held company and its stock will no longer trade on the OTCQB Marketplace.
About Bidz.com
Bidz.com, 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,
Buyz.com
. Bidz also operates
Modnique.com
, a division of Bidz.com, 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.

EX - 99 . 1 2 a12 - 21997 _ 2ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Glendon Group Acquires BIDZ . com , Inc . REDONDO BEACH , Calif . , November 26 , 2012 -- On November 26 , 2012 BIDZ . com , Inc . , a leading online retailer of jewelry , was acquired by Glendon Group , Inc . ( " Glendon Group " ) through a merger of Bidz.com into a subsidiary of Glendon Group pursuant to a previously announced merger agreement . At Bidz.com 's annual meeting that was held on September 27 , 2012 , the merger agreement was approved by holders of a majority of the outstanding Bidz.com shares as well as by holders of a majority of the outstanding Bidz.com shares that are held by unaffiliated stockholders . As a result of the merger , Bidz.com is a privately held company and its stock will no longer trade on the OTCQB Marketplace . About Bidz.com Bidz.com , 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 , Buyz.com . Bidz also operates Modnique.com , a division of Bidz.com , 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 .