BizAuctions Sales Increase 39% for Nine Months, Ended September 30, 2008
November 17 2008 - 5:20AM
Business Wire
BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of
commercial eBay liquidation services for excess inventories and
overstocks, announced today that its nine month revenues year over
year increased approximately 39% over the previous period in
calendar year 2007. Delmar Janovec, CEO, remarks, �BizAuctions
revenues increased to approximately $2,575,441 for the nine months
ending September 30, 2008, representing an increase of
approximately $734,646 or 39% increase over the previous nine month
period in 2007. Even though the quarterly revenue for the period
ended September 30, 2008 decreased, this 39% increase for the nine
month period demonstrates the substantial growth the Company has
shown since its inception.� �Although BizAuctions has not yet
achieved profitability on a constituent monthly basis, it has made
great progress in reducing costs and increasing profitability in
the operations of the company. We believe our growth since
inception is indicative of our commitment to build a major
operation that will have a significant impact on corporate
America,� Janovec concluded. The Company�s 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 liquidation
services to Fortune 1000 enterprises, BizAuctions is a clear and
lucrative solution for most any business to liquidate excess
inventory on eBay. BizAuctions� operations are designed for maximum
capacity to handle most any eBay liquidation project. Whether the
client is a Fortune 500 company with 1,000 items or a small
business with 100 items, BizAuctions can take on most any project
and recover funds from clients� 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 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 commercial eBay
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. The Company encourages the public to read
the above information in conjunction with its year-end statement
for December 31, 2007, and the quarterly statements filed in
calendar year 2008, 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.
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