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Bidz.com, Inc.
is an online auctioneer of jewelry, art and collectibles. Bidz
offers outstanding value for its products through a highly
entertaining interactive auction format. The Company requires
only a $1 minimum opening bid. Its auctions continue until all
bids are received. Bidz management has long-term experience in
offering hot new styles and bargain jewelry inventory; and its
sourcing model provides an alternative liquidation channel for
manufacturers.
Bidz brings together the
fragmented supply and demand of excess jewelry products in a
single online location. It sells to consumers looking for a
reliable source of bargain jewelry. Because of its low purchase
cost, Bidz is able to give its customers control of the price
they pay for products through a $1 minimum opening bid. Because
Bidz purchases and retains its entire inventory on site,
customers can rely on timely delivery of their purchases. Bidz
also sells to resellers, who intend to resell their goods in
secondary markets such as eBay and local auctions as well as
through retail channels. These resellers have the opportunity to
purchase products at lower prices than they would receive from
manufacturers or other distributors. They also are able to
purchase all of their products from one source. Bidz offers live
auctions on its website 24 hours a day, seven days a week.
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