SAN DIEGO, March 1, 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 sales for the month of February set a new record.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions-Lucky 7's Retail-Outlet store has achieved a new monthly sales record of $80,508.00 for February. This is an increase of $12,284 or 18% over January sales of $68,224 and an increase of $64,631 or approximately 405% over the August sales of $15,877, the opening month for the Retail-Outlet store. Our BizAuctions-Lucky 7's business model continues to make great progress since the opening of the store in August of 2010. The continued growth in our business model is due in part to our loyal customer base and their continued word-of-mouth advertising for the great pricing and variety of name brand merchandise that 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. Based upon the continued trend in sales growth, I expect to see many more record months for BizAuctions-Lucky 7's Retail-Outlet store in this calendar year, 2011." (For photos of our current Retail-Outlet Store, please view the attached link: http://www.bizauctions.com/outlet/.)
"BizAuctions closed its retail store in the Chula Vista Center, last year, in anticipation of opening a new larger location in the San Ysidro area, with the ability to sell an expanded array of merchandise under the name of 'Lucky 7's Outlet,' 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, O'Neill, and other name brands, general merchandise, and electronics such as Sony, Samsung, Toshiba, Panasonic and Vizio, that will generally bring higher retail prices at Lucky 7's Outlet versus its customary eBay and Amazon business platforms. We continue to work with the landlord on finalizing the lease terms and anticipate a store opening in late March or early April, upon the completion of tenant improvements," 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.