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As previously
announced, on September 27, 2012, BIDZ.com, Inc.
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. As previously announced, each
condition to Glendon Group's obligation to close the merger has been
satisfied.
On October 11, 2012, BIDZ announced that it had agreed to provide Glendon
Group until the close of business on October 15, 2012 to close the merger.
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