Exhibit
10.2





April 10, 2007


Dear Stockholders:


We are writing to provide
you with the most current information on our plans to provide shareholders with
the ability to buy or sell shares of our common stock.  As you know, we unsuccessfully attempted to complete
a traditional initial public offering (IPO) last summer.  As a result, we have since evaluated other
options for liquidity, and have determined that our best option at this time is
to directly list our shares on the OTC Bulletin Board with the intent of moving
to The NASDAQ Capital Market once we qualify. 
We are able to establish a public trading market without an IPO due to
the present size of the Company and the number of shareholders of record.  We are currently in the application process,
and hope to have a trading market sometime in May 2007.


The process of applying
for listing requires several steps including filing the application, obtaining
brokerage firms as market makers and meeting certain legal regulations.  Once we are approved for listing you will be
able to buy or sell the stock by contacting a licensed broker.


We do want to note a few
important points.  First, this is not an
IPO.  Therefore, we are undertaking this
listing process without underwriters to “sell” our stock.  Additionally we will not be selling any
shares from the Company.  As a result,
the “float,” or shares available for trading, will only be those presently held
by our individual shareholders such as yourselves.  As a result, there is no guarantee that there
will be an active market at any time. 
Additionally, this is the first step in a long process of establishing
an active trading market.  While we plan
to put a proactive communications plan in place to alert potential investors to
the listing of the Bidz.com, Inc. shares, we will not be conducting a
traditional road show, and thus it will likely take time to raise the awareness
of the Company with the institutional investor community.


Second, also because we
are not doing a traditional IPO, there will not be a set pricing range, and the
initial bid and subsequent trades will be made based on supply and demand in
the market.  We cannot guarantee that
these prices will be reflective of what we believe to be the fair value of the
Company.  In particular, in the initial phase
of trading, if there are a large number of shareholders that choose to sell
their shares, this may place significant downward pressure on the price.













Finally, we want to
assure you that the management of Bidz.com and the Company’s Board of Directors
have no intention of selling shares at the current time.


As we have stated
repeatedly, the management of Bidz.com has been committed to providing you with
a mechanism for liquidity.  Our original
preference was to take the route of an IPO but unfortunately due to reasons
which we’ve discussed in the past, we were unsuccessful in achieving that
goal.  We believe applying to directly
list on NASDAQ is the best alternative at this time, as it will provide a
solution for those shareholders with an immediate need for liquidity.


We are excited to move
forward with this listing process and to provide you with a mechanism for
liquidity.  We look forward to a long and
successful future as a public company. 
We would like to thank all of our shareholders for your continued
support over these past several years.


For your convenience, we
have provided a list of questions and answers regarding the process.  Should you have further questions concerning
your investment, please contact Bidz.com Investor Relations at 310.280.7347.


Sincerely,


	
  /s/ DAVID ZINBERG

  	
   

  	
  /s/ LAWRENCE KONG

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  David Zinberg

  	
  Lawrence Kong

  
	
  Chief Executive
  Officer

  	
  Chief Financial Officer

  



 


Bidz.com, Inc.


3562 Eastham Dr.


Culver City, CA  90232


310-280-7373