SAN DIEGO, Oct. 12 /PRNewswire/ -- BizAuctions, Inc. (Pink Sheets :BZCN ), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced today plans are under way to open a 2nd Outlet-Retail store for the upcoming holidays.
Delmar Janovec, BizAuctions' CEO, comments, "Due to the progress that has been made in the first 35 days of sales of approximately $40,838.00 at the Outlet Store, and the approaching holiday season, we have begun looking for a 2nd Outlet Store in the size range of 3,000 sq. feet in the southern part of San Diego County that is within a 20 mile radius of our current office-warehouse in Otay Mesa. Staying within the 20 mile radius will allow BizAuctions staff to deliver inventory daily to the 2nd Outlet-Retail store with minimal transportation issues.
BizAuctions' busiest season typically begins in late October and runs through March of each calendar year due to the increased spending by consumers with the retailer-wholesalers that BizAuctions currently contracts with for the purchase of returns, overstocks, and close-outs on certain merchandise. We have already began to see an increase in returns from our retail-wholesale contracts over the last several weeks that generally builds weekly through the holiday season and then slows in late March.
We have started an advertising campaign with a local Hispanic newspaper that goes out to over 7,000 subscribers each week that will run for a period of 4 weeks. We believe, based upon the demographics of our Outlet Store, the local Hispanic newspaper will bring in new customers that are looking for name brand merchandise at prices that are significantly below retail. Based upon the approaching busy holiday season, the advertising campaign in progress, and our current loyal customer base, BizAuctions looks forward to a sales growth in the fall and holiday season with increased sales at our Lucky 7's retail store, the Outlet Store and on our eBay and Amazon platforms." (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.
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.