CULVER CITY, Calif., May 10, 2010 (GLOBE NEWSWIRE) -- Bidz.com, Inc. (Nasdaq:BIDZ), a leading online retailer of jewelry, announced today that it will postpone its first quarter financial results and conference call to after the market close on Thursday, May 13, 2010, in order to allow additional time to complete the Company's financial statements. The postponement relates to the accounting treatment in prior years (2007-2009) for the exercise of employee stock options in 2007 by non-management employees with loans from Bidz.com. The Company is still working with its auditors to determine the appropriate adjustments which management believes are not material to the company's prior and current periods.
The call will be will be broadcast live over the Internet on Thursday, May 13, 2010, at 4:30 p.m. EDT (1:30 p.m. PDT), and can be accessed on the Investor Relations section of Bidz's Website at investors.bidz.com. To listen to the live webcast, please visit the Investor Relations section of Bidz's Website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, the webcast will be archived for 90 days, and a replay will be available beginning May 13, 2010, at 7:30 p.m. EDT, through May 27, 2010 at 12:00 a.m. EDT. To access the replay, dial 800-406-7325 (U.S.) or 303-590-3030 (International) and use passcode 4285987.
Bidz.com, founded in 1998, is a leading online retailer of jewelry. Bidz offers its products through at live auction format as well as a fixed price online retail store, Buyz.com. Bidz.com's auctions are also available in Arabic, German and Spanish. To learn more about Bidz.com visit its website at www.bidz.com. Bidz also operates Modnique, a division of Bidz.com, an exclusive private sale shopping site for members-only, offering authentic premium brand name merchandise. Modnique offers its members exclusive access to 24-72 hour sales events on designer apparel, accessories, shoes, and houseware and much more at price points up to 85% off of retail. To learn more about Modnique visit its website at www.modnique.com.
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