BizAuctions and La Jolla Liquidation & Auction Co. Plan for First Live-Auction of Merchandise from the Tropicana Hotel & Casino

SAN DIEGO, April 20 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks and returns, and La Jolla Liquidation & Auction Co. are tentatively planning for the 1st live-auction of furniture, fixtures, and equipment (FF & E) from the Tropicana Hotel & Casino in Las Vegas, Nevada.

Delmar Janovec, CEO comments, "We are working in conjunction with management of La Jolla Liquidation in establishing the date for the 1st live-auction of merchandise to be held at BizAuctions warehouse, at 1510 Corporate Center Drive, Otay Mesa, CA. Tentatively, the date for the live-auction has been set for May 21 or the 22nd for the sale of the first furniture, fixtures, and equipment received from the renovation of the Tropicana Hotel & Casino in Las Vegas.

BizAuctions and La Jolla Liquidation & Auction Co. to date have received five (5) semi-truck loads of furniture, fixtures, and equipment from the Tropicana Hotel consisting mostly of high-grade kitchen and bar equipment items to include hundreds of boxes of very nice dinner-ware. Most of the first FF & E items that have been received will be more conducive to and bring better prices at a live-auction forum rather than on our eBay or Amazon platforms. Although, we have begun to list some items from the first phase of renovation of the Tropicana Hotel & Casino on eBay that we believe will bring a higher price than through the planned live-auctions."

Romy Ashjian, President of La Jolla Liquidation remarks, "I personally was involved in the removal of most of the first furniture, fixtures, and equipment pieces, particularly in the kitchen areas, that included a very expensive buffet-serving line when it was purchased new. The buffet line is still in extremely good condition and would well accommodate a restaurant operation. We have just begun receiving the 1st of many truck-loads to come of very good equipment that will provide many more years of usage for businesses that have restaurant or hospitality operations. This equipment should bring good liquidation prices at the live-auction and yet can be purchased at a significant savings from its original price."

The renovation of the Tropicana Hotel & Casino is being completed in phases with the renovation of approximately 800 suite-rooms, kitchen areas, banquet-conference areas, and meeting rooms, spa, and casino areas. Included in the renovation will be the removal of the amazing antique stained-glass ceiling above the poker and craps tables in the main casino area of the Tropicana.

"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay and Amazon on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay and Amazon platforms and its recently opened retail store, Lucky 7's," continues Janovec.

The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on its eBay and Amazon platforms and its Lucky 7's retail store.

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 [email protected] 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 commercial liquidation services for excess inventory, overstock items, and returns through its eBay and Amazon business platforms and Lucky 7's retail store. 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, 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 liquidation services through eBay and Amazon platforms and its Lucky 7's retail store 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 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.