SAN DIEGO, April 13, 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 that March sales set a new monthly record.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions-Lucky 7's Retail-Outlet store March sales set a record month at $87,355. March sales exceeded February sales of $80,508 by $6,847 or an increase of 8.5% for the month. Month over month sales have increased since the opening of the Retail-Outlet store in August of 2010, and I anticipate seeing that trend continuing through this calendar year 2011. The BizAuctions-Lucky 7's customers are very satisfied in being able to shop for the assortment of name brand merchandise which is available in clothing, general merchandise, appliances, household items, and electronics such as Sony, Toshiba, Samsung, Vizio, and Panasonic; Maytag, and Whirlpool appliances; and Polo, Ralph Lauren, Lucky & Buffalo jeans, O'Neill and PING sports apparel and other name brands, all at affordable prices that are significantly below retail. Based upon the current sales trend, I expect to see many more positive months for BizAuctions-Lucky 7's Retail-Outlet store in this calendar year." (For photos of our current Retail-Outlet Store, please view the attached link at http://www.bizauctions.com/outlet/)
"BizAuctions closed its Lucky 7's retail store in the Chula Vista Center in the fall of 2010 in anticipation of opening a new larger location in the San Ysidro area. The lease for the new Retail-Outlet store was signed on April 4, 2011 and consists of a 3,800 sq. ft. store in the San Ysidro Village Center, adjacent to the Las Americas Premium Outlets, and within approximately 1/4 mile of the San Ysidro-USA Border crossing that sees an estimated traffic flow of 50,000 vehicles and 25,000 pedestrians crossing each day. This new Retail-Outlet store in San Ysidro will allow Lucky 7's the ability to sell its name brand higher-end clothing such as Polo, Ralph Lauren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, and electronics such as Sony, Samsung, Toshiba, Panasonic, Sharp, and Vizio, that will generally bring higher retail prices at Lucky 7's Retail-Outlet 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.