Bidz.com sees strong international growth

July 1, 2008

National Jeweler Network recently posted an article discussing Bidz.com’s strong international growth.  The article is reprinted below. 

Bidz.com sees strong international growth
Online jewelry auctioneer plans additional site translations

Culver City, Calif.—Online jewelry auctioneer Bidz.com announced today that growth from sales outside of the United States continues to be strong, with international sales expected to be up more than 50 percent from the second quarter of fiscal 2007.

The company said it is seeing encouraging results from the newly launched Spanish-language version of its site, with Chile, Columbia, Mexico and Spain among the top 10 countries for visitors in June.

"The Spanish translation of our Web site is yielding the desired results, and we are encouraged that future translations into foreign languages will be equally successful," Bidz.com Chief Executive Officer David Zinberg said in a media release issued today. "We believe our jewelry offering at value prices and in a fun and exciting format is attractive to consumers all over the world and we look forward to tapping into new markets."

An Arabic translation of the jewelry site is in progress and scheduled to be launched during the third quarter.

Bidz.com is also reaffirming its previous guidance for the second quarter with revenues in the range of $48 million-$50 million, and for the full fiscal year 2008 with revenues in the range of $225 million-$230 million.

Bidz.com's Spanish-language website is translated and maintained by MotionPoint Corporation.