SAN DIEGO, June 2 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks and returns, begins listing its first load of electronics from Creating Lifestyles on eBay.
Delmar Janovec, CEO comments, "BizAuctions began eBay listings on May 27 of the electronics-TV's it purchased from Creating Lifestyles, an electronics wholesaler, after BizAuctions completed its testing of the TV's. We are anxious to see how this first round of TV's sell as this Creating Lifestyles product line varies from our normal product line of TV's due mostly to the earlier manufacture date. Some of the TV's have good price points for Plasma TV's that carry a 30-day warranty for the consumer. We plan to include the Creating Lifestyles product line of electronics in the BizAuctions-La Jolla Liquidation live-auction along with Tropicana Hotel & Casino consignment inventory, additional BizAuctions electronics, and general merchandise that is scheduled for June 19, 2010 at the office-warehouse of BizAuctions, 1510 Corporate Center Drive, Otay Mesa, CA. The Creating Lifestyles product line of electronics targets the buyer who is looking for name brand electronics and at a favorable pricing point. BizAuctions and Creating Lifestyles are in the beginning stages of a business relationship which should prove to be beneficial for both companies while providing BizAuctions with another product line of electronics that should ultimately benefit the consumer."
"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.