SAN DIEGO, Feb. 10, 2011 /PRNewswire/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced today the Company has secured its 2nd new liquidation-salvage contract in February with a Top Retailer-Wholesaler.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions has secured another salvage-liquidation contract with one of the Top 10 Retailer-Wholesalers in the USA, in February, making this the 2nd contract awarded in this calendar year, 2011. The addition of this new salvage-liquidation contract demonstrates the confidence the Retailer-Wholesaler has with the performance of BizAuctions and is in line with our goal of securing additional salvage-liquidation contracts with this Retailer-Wholesaler in the States of California, Arizona, and Nevada. BizAuctions will purchase overstocks, excess inventory, close-outs, and returns from the Retailer-Wholesaler and at considerable discounts from retail pricing for clothing, general merchandise, household items, appliances, and electronics. Management is committed to providing excellent liquidation services for our clients through our eBay or Amazon Platforms, current BizAuctions Lucky 7's Retail-Outlet store, and our new planned Lucky 7's Retail-Outlet store in San Ysidro, CA. U.S. companies are in need of the quality liquidation services that BizAuctions continues to provide to its clients.
"With the addition of this new salvage contract and our existing contracts BizAuctions has maintained with this Retailer-Wholesaler for the last several years, will provide sufficient name brand merchandise in areas such as clothing, general merchandise, appliances, household items, and electronics for our current BizAuctions Lucky 7's Retail-Outlet store and the new planned store, Lucky 7's Retail-Outlet, in San Ysidro. The new Outlet-Retail store will allow the Company to sell a broader assortment of products in the areas of general merchandise, electronics, and name brand clothing such as Polo, Ralph Lauren, O'Neill, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, and other name brands. We are looking forward to finalizing the lease with the landlord and moving into the space upon the completion of the tenant improvements in March of this year." (For photos of our current Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ )
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 and Amazon 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.
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.