SAN DIEGO, Oct. 8 /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 and Auction Co. announced today that sales for the first 35 days of operations at the Outlet store were moderate.
Delmar Janovec, BizAuctions' CEO, comments, "The Outlet store sales for the first 35 days of operations beginning on August 17 and through September 30, 2010 were approximately $40,838.00. We are satisfied with the beginning sales for the Outlet Store since there has been minimal funds expended for advertising. Sales are attributed to our current base of loyal eBay customers, employees of the various businesses that are located within the Corporate Center in Otay Mesa, and from the high traffic off the 905 Otay Mesa highway and the 805 highway. The sales have been mostly clothing such as Polo, Ralph Lauren, PING sports apparel, Lucky and Buffalo jeans, and general merchandise such as Maytag washer and dryers, Dyson, and Bissell vacuum cleaners, Samsonite luggage, other name brand household merchandise, as well as some electronics such as Sony, Panasonic, Toshiba, and Samsung. I firmly believe the Outlet Store can achieve sales of $5,000.00, per day upon an effective advertising campaign, and with the addition of more name brand electronics. It has been a respectable 35 days of operations that will continue to build and expand our loyal customer base that are looking for name brand merchandise at prices significantly below retail." (For photos of the Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ )
"BizAuctions opened its 1st retail store on May 29, 2009 in the Chula Vista Center in Chula Vista, CA, next to Macy's, an anchor store, and PacSun retail stores, under the name of 'Lucky 7's' 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, and other name brands that bring higher retail prices at Lucky 7's versus its customary eBay and Amazon business platforms," noted CEO, 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.