BizAuctions Secures Another Salvage Contract With Top Retailer-Wholesaler

Oct 14, 2010, 07:30 ET from BizAuctions, Inc.

SAN DIEGO, Oct. 14 /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 an additional liquidation-salvage contract in September with a top retailer-wholesaler.

Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions' business model continues to grow with one of the top 50 retailer-wholesalers in the USA by securing another commercial salvage contract in the 3rd Qtr. of this year and is in discussion for additional contracts with the retailer-wholesaler. The contract calls for the Company to purchase returns, overstocks, excess inventory, and close-outs at significant discounts from retail prices for electronics, clothing and general merchandise. This demonstrates management's commitment to excel in providing outstanding liquidation-salvage 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 liquidation-salvage services which BizAuctions can provide." (For photos of our 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.



RELATED LINKS

http://www.bizauctions.com