SAN DIEGO, April 7, 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 the lease for the Lucky 7'sRetail-Outlet Store located in San Ysidro, CA has been signed by BizAuctions.
Delmar Janovec, BizAuctions' CEO, comments, "The lease for BizAuctions Lucky 7's Retail-Outlet store located in San Ysidro Village Center, San Ysidro, CA has been signed as of April 4, 2011. The retail space is approximately 3,800 sq. ft. in size and the term of the lease is for three (3) years with an option for an additional three (3) years. Upon the completion of the tenant improvements, the retail-outlet space should be ready for occupancy by late April or early May. The Retail-Outlet store is located within one half mile of the San Ysidro USA-Mexico border crossing on the 805 highway and approximately 1/4 mile from the newly begun expansion to that port. The port expansion project will result in over 30 plus traffic lanes with an anticipated opening in 2014. (See attached link for information on the expansion of the USA-San Ysidro border crossing at http://www.kpbs.org/news/2011/feb/24/vips-break-ground-san-ysidro/.)
The San Ysidro USA-Mexico Border is the world's busiest Land Port of Entry (LPOE) with daily northbound traffic of 50,000 vehicles and 25,000 pedestrians and an expected increase of 50% by 2020. (See attached link for more information at http://www.gsa.gov/portal/category/21521.) Based upon the proximity of BizAuctions-Lucky 7's new Retail-Outlet store to this busy and expanding border crossing and the current sales trend of the Retail-Outlet store located in our operations warehouse-office in Otay Mesa, I firmly believe we will have sales of $5,000 to $10,000, per day, for the San Ysidro retail store. The BizAuctions-Lucky 7's customer base is briskly growing due to our loyal Hispanic community and the weekly advertising in the Hispanic publication, CUPOMANIA. The BizAuctions-Lucky 7's customers are delighted to find the assortment of name brand merchandise that is available in clothing, household items, appliances, and electronics such as Sony, Toshiba, Panasonic, Vizio, Sharp, and Samsung - all at prices significantly below retail. In view of the growth of our existing Retail-Outlet store in Otay Mesa, and the potential of this new location in San Ysidro, this calendar year and beyond looks very positive." (For photos of our current 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 retail location in San Ysidro, under the name of "Lucky 7's Retail-Outlet" in order to sell its name brand clothing such as Polo, Ralph Lauren, Buffalo and Lucky jeans, Gloria Vanderbilt, Ed Hardy, O'Neill, and PING sports apparel, and other name brand clothing, general merchandise, household products, appliances, and electronics that will generally bring higher retail prices 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 [email protected] 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.