SAN DIEGO, April 28, 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 4th new liquidation-salvage contract this year with a Top Retailer-Wholesaler.
Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions has secured another salvage-liquidation contract with one of the Top 10 Retailer-Wholesalers in the USA, in March, making this the 4th contract awarded in this calendar year, 2011. The addition of this new salvage-liquidation contract demonstrates the confidence the Retailer-Wholesaler has with the performance of BizAuctions and our goal of securing additional salvage-liquidation contracts with this Retailer-Wholesaler in the States of California, Arizona, and Nevada. The salvage contract entails BizAuctions' purchase of overstocks, excess inventory, close-outs, and returns for merchandise in the areas of clothing, general merchandise, household items, appliances, and electronics from the Retailer-Wholesaler and at substantial discounts from retail prices. Management is committed in providing excellent liquidation services for our clients through eBay or Amazon Platforms, and BizAuctions Lucky 7's Retail-Outlet stores.
"This new salvage contract, in addition to existing contracts BizAuctions has with this Retailer-Wholesaler, will provide sufficient name brand merchandise in areas such as clothing, general merchandise, appliances, household items, and electronics for our current BizAuctions Retail-Outlet store in Otay Mesa, and the soon-to-open new store, Lucky 7's Retail-Outlet, in San Ysidro. The lease for the San Ysidro retail store was signed on or about April 4, 2011 and should open in May upon the completion of the tenant improvements by the landlord. The store is located within one half mile of the San Ysidro USA-Mexico border crossing on the 805 highways and approximately 1/4 mile from the newly begun expansion to that port. The port expansion project will result in over 30 plus traffic lanes with an anticipated opening in 2014. (See attached link for information on the expansion of the USA-San Ysidro border crossing at http://www.kpbs.org/news/2011/feb/24/vips-break-ground-san-ysidro/.)
"The San Ysidro USA-Mexico Border is the world's busiest Land Port of Entry (LPOE) with daily northbound traffic of 50,000 vehicles and 25,000 pedestrians and an expected increase of 50% by 2020. (See attached link for more information at http://www.gsa.gov/portal/category/21521.) 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 moving into the San Ysidro retail space upon the completion of the tenant improvements in mid to late May 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 [email protected] 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.