BizAuctions Secures 3rd New Salvage-Liquidation Contract for Calendar Year 2011

Mar 10, 2011, 07:30 ET from BizAuctions, Inc.

SAN DIEGO, March 10, 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 the Company has secured its 3rd new salvage-liquidation contract this year with a Top Retailer-Wholesaler.

(Logo:  http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)

Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions has secured another salvage-liquidation contract with one of the Top 10 Retailer-Wholesaler in the USA, in March, making this the 3rd contract awarded in this calendar year, 2011. The addition of this new salvage-liquidation contract shows the confidence the Retailer-Wholesaler has with the performance of BizAuctions and is in line with our goal of securing additional salvage-liquidation contracts with this Retailer-Wholesaler in the States of California, Arizona, and Nevada.  The contract calls for BizAuctions to purchase overstocks, excess inventory, close-outs, and returns from the Retailer-Wholesaler and at substantial discounts from retail pricing for merchandise in areas of clothing, general merchandise, household items, appliances, and electronics. Management is committed to providing outstanding liquidation services for our clients through eBay or Amazon Platforms, and BizAuctions Lucky 7's Retail-Outlet store.

"This new salvage contract in additional to existing contracts BizAuctions has with this Retailer-Wholesaler since the initial contract in calendar 2006, will provide sufficient name brand merchandise in areas such as clothing, general merchandise, appliances, household items, and electronics for our current BizAuctions Lucky 7's Retail-Outlet store and the new planned store, Lucky 7's Retail-Outlet, in San Ysidro. The new Outlet-Retail store will allow the Company to sell a variety of name brand merchandise in the areas of general merchandise, electronics, household items such as appliances and bedding, and name brand clothing such as Polo, Ralph Lauren, O'Neill, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, and other name brands. We are looking forward to finalizing the lease with the landlord and moving into the space upon the completion of the tenant improvements in late March or mid-April of this year."  (For photos of our current Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ )

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.



RELATED LINKS

http://www.bizauctions.com