BizAuctions Retail-Outlet Sales See Strong Growth in December

Dec 22, 2010, 07:30 ET from BizAuctions, Inc.

SAN DIEGO, Dec. 22, 2010 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced today that December month-to-date sales are holding strong for the first twenty-one days of the month.

Delmar Janovec, BizAuctions' President, comments, "The Retail-Outlet store sales for the first 21 days of December have hit $40,599 and have almost surpassed November sales of $44,982. With 8 days of business remaining for this month and based upon the current trend of sales growth we have experienced to date, I would anticipate seeing December sales topping $50,000 to $55,000—a significant increase over November sales that can be attributed to several factors, such as advertising in a local Hispanic publication, CUPOMANIA, the Holiday Season, and the continued growth of our loyal customer base.  Since the opening of the Outlet store on August 17, we have seen sales climb from approximately $15,877 for the month of August to November sales of $44,982, an increase of $29,054 or 83%. It is quite simple; our customers are very pleased with the variety of name brand merchandise that extends from clothing, general merchandise, household goods, appliances, and electronics—all at prices that are significantly below normal retail. Our staff at BizAuctions and the Retail-Outlet Store is committed to providing name brand merchandise at affordable prices for our customers. December so far has been extremely busy and we anticipate it will prove to be a record month for the Retail-Outlet store." (For photos of our current Retail-Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ )

"BizAuctions recently closed its retail store in the Chula Vista Center, in anticipation of opening a new larger location in the San Ysidro area, and under the name of "Lucky 7's Outlet," in order to sell its name brand higher-end clothing such as Polo, Ralph Lauren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, appliances, and some electronics that will generally bring higher retail prices at Lucky 7's Outlet versus its customary eBay and Amazon business platforms. We anticipate that store opening in February 2011," noted President Janovec.

BizAuctions' clients have included some of the Nation's leading retail names at the forefront of their industries.  With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay and Amazon platforms.  

More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/

ABOUT BIZAUCTIONS – ADDRESSING THE $60 BILLION PROBLEM

BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of eBay and Amazon commercial liquidation services for excess inventory, overstock items, and returns.  Our clients have included some of the Nation's leading retail names at the forefront of their industries.

BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay and Amazon, and collecting payment.

We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.

With a long-term strategy to provide eBay and Amazon liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory.  

The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2009, and the quarterly statements filed in calendar year 2010, and 2009, at www.PinkSheets.com.

The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.

SOURCE BizAuctions, Inc.



RELATED LINKS

http://www.bizauctions.com