SAN DIEGO, Oct. 27 /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 third liquidation-salvage contract in the last 30 days with a Top Retailer-Wholesaler.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions business model is continuing to expand with one of the Top 50 Retail-Wholesalers in the USA, by securing yet another commercial liquidation-salvage contract for a total of three (3) new contracts within the last 30 days. BizAuctions has been performing liquidation-salvage services for the Retailer-Wholesaler in the states of California and Arizona, and now will be performing the services in Nevada. Expansion into Nevada exhibits the confidence the Retailer-Wholesaler has with the performance of the Company and is in line with our goal of securing several more salvage-liquidation contracts in these states. The contract calls for the Company to purchase overstocks, excess inventory, close-outs, and returns of the Retailer-Wholesaler, at sizeable discounts from retail pricing for electronics, general merchandise, and clothing. This again demonstrates management's commitment to provide superb liquidation services for our clients through our eBay or Amazon Platforms, our Outlet-Retail store, or Lucky 7's Retail store. U.S. corporations are in need of quality salvage-liquidation services which BizAuctions provides." (For photos of our current 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. (For photos of our Lucky 7's retail restore, please view the attached link at http://www.bizauctions.com/lucky7/ ).
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.