BizAuctions Secures Its 4th New Salvage-Liquidation Contract in the Last 75 Days

SAN DIEGO, Nov. 23, 2010 /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 fourth new liquidation-salvage contract in the last 75 days with a Top Retailer-Wholesaler.  

Delmar Janovec, BizAuctions' CEO, comments, "BizAuctions business model continues to expand with one of the Top 50 Retail-Wholesalers in the USA, by securing another commercial liquidation-salvage contract for a total of four (4) new contracts within the last 75 days. The addition of this new contract demonstrates the confidence the Retailer-Wholesaler has with the performance of BizAuctions and is in line with our goal of securing additional salvage-liquidation contracts in the States of California, Arizona, and Nevada.  The Company will purchase overstocks, excess inventory, close-outs, and returns from the Retailer-Wholesaler and at substantial discounts from retail pricing for the clothing, general merchandise, household items, appliances, and electronics. Management is committed to providing excellent liquidation services for our clients through our eBay or Amazon Platforms, our current Outlet-Retail store, and our new planned Lucky 7's Outlet store in San Ysidro, CA.  U.S. companies are in need of the quality salvage-liquidation services that BizAuctions provides to its clients.

The addition of the new 4th salvage contract, plus the existing contracts that BizAuctions has had for the last several years with the Retailer-Wholesaler, should provide enough name brand merchandise in the areas of clothing, general merchandise, appliances, household items, and electronics for our current Outlet-Retail store and the new store, Lucky 7's Outlet, in San Ysidro. The new Outlet-Retail store will allow the Company to sell a wider array of products in the areas of general merchandise, appliances, and electronics, along with name brand clothing such as Polo, Ralph Lauren, O'Neill, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, and other name brands, whereas the former Chula Vista Center store was limited to clothing only. We are looking forward to finalizing the terms of the lease with the landlord and being able to move into the new space in San Ysidro, in time to profit from the upcoming Holiday Season."  (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.

SOURCE BizAuctions, Inc.