BizAuctions Secures New Salvage-Liquidation Contract in Calendar Year 2011

SAN DIEGO, Jan. 20, 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 a new liquidation-salvage contract in January 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 liquidation-salvage contract in January of this calendar year. The addition of this new contract shows the confidence the Retailer-Wholesaler has with the performance of BizAuctions and is in line with our objective 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 significant discounts from retail pricing for clothing, general merchandise, household items, appliances, and electronics. Management is committed to providing outstanding liquidation services for our clients through our eBay or Amazon Platforms, our current BizAuctions Outlet-Retail store, and our new planned Lucky 7's Retail-Outlet store in San Ysidro, CA.  U.S. companies are in need of the quality salvage-liquidation services that BizAuctions continues to provide to its clients.

"The addition of this new salvage contract plus the existing contracts BizAuctions has with this Retailer-Wholesaler will provide enough name brand merchandise in the areas of clothing, general merchandise, appliances, household items, and electronics for our current BizAuctions Outlet-Retail store and the new store, Lucky 7's Outlet, in San Ysidro. The new Retail-Outlet store will permit the Company to sell a wider variety of products in the areas of general merchandise, appliances, electronics, 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 where as the former Lucky 7's store in the Chula Vista Center was limited to clothing. We are looking forward to receiving the final lease from the landlord and moving into the new retail space in February, once the tenant improvements are completed."  (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 and its retail-outlet stores.  

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.