BizAuctions – Government Report Shows Inventory Pool Above $1.5 Trillion
December 08 2008 - 5:20AM
Business Wire
BizAuctions, Inc. (PINK SHEETS:BZCN), a prime provider of
commercial eBay liquidation services for excess inventories today
reflected on the latest U.S. Department of Commerce's November 14th
Manufacturing and Trade Inventories and Sales report, where the
total pool of manufacturers' and trade inventories was in excess of
$1.5 trillion. An excerpt from the�November 14th report, which
released trailing data for September 2008, outlined that
"Manufacturers' and trade inventories adjusted for seasonal
variations but not for price changes, were estimated at an
end-of-month level of $1,507.1 billion, up�5.5 percent (+/-0.4%)
from September 2007." Delmar Janovec, CEO of BizAuctions, noted,
"We continue to be encouraged by these reports, as we view any
increase in inventories as a potential positive sign for business,
even when sales escalate as they did here, because inventory surges
may indicate trickledown growth in excess inventories." Readers are
encouraged to review the full report with Inventories, Sales, and
Inventories/Sales ratio released November 14, 2008, which can be
viewed at http://www.census.gov/mtis/www/mtis_current.html.
BizAuctions employs two primary business models, whereby it
liquidates inventory through eBay 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. 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 liquidation services to Fortune 1000 enterprises,
BizAuctions is a clear and lucrative solution for most any business
to liquidate excess inventory on eBay. 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/tour.shtml. ABOUT BIZAUCTIONS
� ADDRESSING THE 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 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. The Company encourages the
public to read the above information in conjunction with
BizAuctions year-end statement for December 31, 2007, and the
Quarterly statements filed for 2008. BizAuctions financial
statements can be viewed 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,� �hope,� "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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