BizAuctions Obtains Additional Salvage-Liquidation Contract with Top Retailer-Wholesaler

Oct 20, 2010, 07:30 ET from BizAuctions, Inc.

SAN DIEGO, Oct. 20 /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 was awarded an additional liquidation-salvage contract in October with a Top Retailer-Wholesaler.

Delmar Janovec, BizAuctions' CEO, remarks, "BizAuctions has been awarded an additional commercial salvage contract with one of the top 50 Retailer-Wholesalers in the USA, in October of this year. It is apparent the Retailer-Wholesaler is satisfied with the services being provided by the Company since we have been awarded an additional liquidation-salvage contract. Under the terms of the contract, the Company is to purchase overstocks, excess inventory, close-outs, and returns of the Retailer-Wholesaler at substantial discounts from retail pricing for electronics, general merchandise, and clothing. This exemplifies management's dedication in providing excellent liquidation services for our clients, whether it is through our eBay or Amazon platforms, our Outlet-Retail store, or Lucky 7's retail store. It is clear that U.S. corporations are in need of quality salvage-liquidation services which BizAuctions has a history of providing."

"With the salvage-liquidation agreements that BizAuctions currently has under contract and the addition of this salvage contract with possibly more to come, it is very apparent the Company will need to secure the location for the planned 2nd Retail-Outlet store within the next two weeks. The 2nd Outlet location will provide an additional venue that will allow BizAuctions the ability to sell the incoming flow of name brand merchandise as well as take advantage of the upcoming Holiday Season that is rapidly approaching," noted Janovec.  (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.



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