Bidz.com Announces Completion of SEC Investigation
06 Febbraio 2012 - 3:00PM
Bidz.com (Nasdaq:BIDZ), a leading online retailer of jewelry, today
announced that it received notice from the United States Securities
and Exchange Commission ("SEC") that the investigation of the
Company has been completed. The SEC does not intend to recommend
any enforcement action against the Company.
"After four years of investigation, we are pleased to announce
that the SEC has concluded its investigation," stated, David
Zinberg, Chief Executive Officer. "Throughout these proceedings, we
remained fully cooperative with the SEC. We are gratified to
share this positive news with our investors and employees that this
matter is now behind us."
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: IR Contact:
Addo Communications, Inc.
Andrew Greenebaum, 310-829-5400
andrewg@addocommunications.com
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