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8-K - 8-K -, Inc.a12-21997_28k.htm

Exhibit 99.1


Glendon Group Acquires, Inc.


REDONDO BEACH, Calif., November 26, 2012 -- On November 26, 2012, Inc., a leading online retailer of jewelry, was acquired by Glendon Group, Inc. (“Glendon Group”) through a merger of into a subsidiary of Glendon Group pursuant to a previously announced merger agreement.


At’s annual meeting that was held on September 27, 2012, the merger agreement was approved by holders of a majority of the outstanding shares as well as by holders of a majority of the outstanding shares that are held by unaffiliated stockholders.


As a result of the merger, is a privately held company and its stock will no longer trade on the OTCQB Marketplace.


About, 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, Bidz also operates, a division of, 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.