SAN DIEGO, Dec. 15, 2010 /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 progress is being made on the terms of the lease for our 2nd Outlet Store that is to be located in San Ysidro, CA.
Delmar Janovec, BizAuctions' CEO, comments, "We have entered into a non-binding Letter of Intent with the landlord on the terms of the lease for our 2nd Outlet-Retail store (Lucky 7's Outlet) that is located in San Ysidro, CA. After the necessary tenant improvements and final approval of the lease by the landlord, the outlet-retail space should be available for occupancy February 1, 2011. The new Outlet-retail store is located within approximately one half mile of the USA/Mexico border crossing on the 805 highway that averages approximately 35,000 passenger cars per day and approximately 18,000 pedestrians that cross the US/Mexico border in cars and on foot. The size of the retail space is about 4,000 sq. ft. in size and will allow BizAuctions-Lucky 7's the ability to sell name brand clothing, general merchandise, and electronics. Based upon our sales trend since the mid-August opening of the Outlet store located in our current warehouse-office in Otay Mesa, and November sales of $44,982 combined with the traffic count crossing the border each day, I anticipate seeing daily sales from $5,000 to $10,000. Our customer base continues to grow briskly due to the variety of name brand merchandise that we offer in clothing, household items, appliances, and name brand electronics such as Sony, Toshiba, Panasonic, Vizio, Sharp, and Samsung - all at prices significantly below retail. With the progress that has been made since the opening of our current Outlet-Retail store, and the location of this 2nd Outlet-retail store, calendar year 2011 and beyond looks positive." (For photos of our current Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ )
"BizAuctions recently closed its retail store in the Chula Vista Center, in anticipation of opening a new larger location, under the name of "Lucky 7's Outlet" in order to sell its name brand higher-end clothing such as Polo, Ralph Loren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, household products, and appliances, and some 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 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.