SAN DIEGO, June 10 /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. have a firm date of June 19, 2010 for the first live-auction.
Delmar Janovec, CEO comments, "We have accumulated a good variety of consignment inventory of furniture, fixtures, and equipment (FF & E) from the renovation of the Las Vegas Tropicana Hotel & Casino and will be adding a significant amount of named brand electronics, general merchandise such as household furniture and appliances to outdoor patio sets, along with name brand clothing, and consignment electronics for the auction to be held on Saturday, June 19, at BizAuctions office-warehouse in Otay Mesa, CA. BizAuctions and La Jolla Liquidation have advertised for the live-auction in the San Diego Tribune as well as some smaller weekly publications so we anticipate attracting commercial vendors of all types, as well as small business owners, and individuals looking for name brand merchandise at the live-auction.
"BizAuctions has been working diligently with David Morris and his firm of Pixeled Business Systems, Inc., www.pixeled.net, to enhance BizAuctions' current website as well as expand the site with new features and has made good progress on these design improvements. One of these new features will allow for 'live auctions' and will incorporate the live-auction event from the actual location of the auction being held. We anticipated the new design and enhancements would be complete and available for this first 'live-auction' however, it will be a race to have the new design complete in time to allow for the live-auction event.
"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 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 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.