• Zero balance on its revolving credit line with Bank of America

Bidz.com, Inc. (NASDAQ:BIDZ) announced today that as of April 22, 2008, the Company has repurchased a total of approximately 817,000 shares of its Common Stock in the open market for a total of $6.8 million, at an average price of $8.38 per share. After the Company successfully retires all of the shares it has repurchased to date, the total number of issued and outstanding Company Common Stock will be 23.74 million.

The Company also said that it will continue to repurchase in the open market under the stock repurchase program. Under this program, approximately $13.2 million is still available for additional share repurchase at prevailing prices in open market transactions, subject to market conditions, share price, and other considerations. Funds for the repurchase of shares are being provided by available cash from operations.

“The stock repurchase program reflects the Board’s confidence in the Company’s market opportunity and strategy, and what the Board continues to view as the undervaluation of the Company’s stock at current levels,” said David Zinberg, Chief Executive Officer. “We believe in the value proposition of our Company, and we consider our stock to be a strong investment opportunity and a good use of our cash resources. We believe the repurchase of the Company’s stock from time to time has the ability to provide meaningful benefit to our long-term shareholders.”

The Company also announced that it currently has a zero balance outstanding on its credit line of $25 million with Bank of America.

About Bidz.com

Bidz.com, founded in 1998, is an online auctioneer of jewelry. Bidz offers its products through a live auction format requiring only a $1 minimum opening bid. To learn more about Bidz.com visit its website at www.bidz.com.

Safe Harbor Statement

This press release includes statements made by Bidz that are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including forward-looking statements about the Company’s estimated revenue, gross margins, earnings and tax rates. All statements other than statements of historical facts contained in this press release, including statements regarding the Company’s future financial position, business strategy and plans and objectives of management for future operations, are forward looking statements. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions, as they relate to the Company, are intended to identify forward looking statements. Bidz based these forward-looking statements largely on current expectations and projections about future events and financial trends that Bidz believes may affect its financial condition, results of operations, business strategy and financial needs. Risks and uncertainties relating to these statements include the ability of the Company to attract customers to its website and offer attractive products; to maintain its website, electronic data processing systems, and systems hardware; to forecast accurately net revenue and plan for expenses; to protect intellectual property rights; and potential litigation and government enforcement actions that may result from our prior securities offerings. All forward-looking statements are qualified in their entirety by reference to the factors described in Part I, Item 1A, “Risk Factors” in Bidz’ 2006 Annual Report on Form 10-K, and in Part II, Item 1A, “Risk Factors” in Bidz’ Quarterly Report on Form 10-Q for the quarter ended September 30, 2007, that could cause the actual results of Bidz to differ materially from those projected in such forward-looking statements.

All subsequent forward-looking statements, whether written or oral and whether made by or on behalf of Bidz, also are expressly qualified by these cautionary statements. Any forward-looking statement speaks only as of the date on which such statement is made, and Bidz undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time and it is not possible for Bidz to predict all such factors, nor can it assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement.

Investor Relations:
ICR
Andrew Greenebaum or Patricia Dolmatsky, 310-954-1100
or
Media Relations:
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Stephanie Sampiere, 646-277-1222
Rich Layne, 646-277-1219