BizAuctions Renews Lease for Its Lucky 7's Retail Store in Chula Vista Center Mall

SAN DIEGO, May 18 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks, and returns, announced today that its retail clothing store, Lucky 7's, has renewed its lease for one (1) year to May 15, 2011, in the Chula Vista Center Mall.

Delmar Janovec, CEO, comments, "Due to the continued growth in sales of our Lucky 7's retail store in the Chula Vista Center Mall, Chula Vista, CA, next to Macy's, an anchor store, and PacSun retail store, the lease has been renewed for another year to May 15, 2011. Lucky 7's growth in sales has improved since the opening of the retail store on May 29, 2009, particularly in the fall months of 2009, and the first months of 2010. While the sales of Lucky 7's have not hit our anticipated monthly revenues, we are encouraged that sales overall has continued to increase since the opening of the store.  

"Lucky 7's continues to increase its customer base due to the name brand clothing we sell at a significant savings from the average retail price. Management and staff of Lucky 7's diligently work to search for new name brand merchandise that can be purchased at a discount and offered to our customers at a savings. We anticipate that Lucky 7's retail store sales will continue to grow during this calendar year.

"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay and Amazon on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay and Amazon platforms and its recently opened retail store, Lucky 7's," continues 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 and Amazon liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for almost any business to liquidate excess inventory.

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 commercial eBay and Amazon 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 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 liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay and Amazon.  

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 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.