UPDATE -- BIDZ.COM Stockholders Adopt Merger Agreement
September 28 2012 - 4:01PM
Correction: An earlier press
release published today incorrectly reported that Bidz.com had
completed the previously announced merger with Glendon Group, Inc.,
and as a result of the merger, Bidz.com is a privately held company
and its stock no longer trades on the NASDAQ Capital Market.
However, until completion of the merger, Bidz.com remains a public
company and its stock continues to trade on the NASDAQ Capital
Market.
On September 27, 2012, BIDZ.com, Inc. (Nasdaq:BIDZ), a leading
online retailer of jewelry, held its annual meeting of
stockholders. At the annual meeting, each proposal presented at the
annual meeting was approved by the required vote of Bidz.com
stockholders, including the adoption of the merger agreement with
Glendon Group, Inc.
Each of Glendon Group's conditions to closing the merger has now
been satisfied. Under the merger agreement, Glendon Group is
required to complete the merger on or before October 1, 2012.
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.
CONTACT: Bidz.com, Inc.
Tawnia Suggs Specialist
Investor Relations
tsuggs@bidz.com
Bidz.Com, Inc. (MM) (NASDAQ:BIDZ)
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