Glendon Group Acquires, Inc.

REDONDO BEACH, Calif., Nov. 26, 2012 (GLOBE NEWSWIRE) -- 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.

CONTACT:, Inc. Tawnia Suggs Investor Relations, Inc.