SAN DIEGO, April 13 /PRNewswire-FirstCall/ -- BizAuctions,
Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and
Amazon liquidation services for excess inventories, overstocks and
returns, and La Jolla Liquidation & Auction Co. have begun
receiving the first tractor-trailer loads of merchandise from the
Tropicana Hotel & Casino in Las
Vegas, Nevada.
Delmar Janovec, CEO comments,
"Since the announcement of our Joint-Venture agreement on
April 8, 2010, BizAuctions and
La Jolla Liquidation & Auction Co., have received four (4)
semi-truck loads of furniture, fixtures, and equipment which is
just the start of a very large liquidation project that will take
from nine (9) to twelve (12) months to complete. This begins the
liquidation of furniture, fixtures, and equipment from the
Tropicana Hotel & Casino, a historic Las Vegas landmark.
"Under the Joint-Venture, BizAuctions and La Jolla Liquidation
& Auction Co. have begun the task of inventorying the
merchandise and selecting the most appropriate goods and equipment
to be sold on our eBay or Amazon platforms. The remaining
goods-equipment will be sold through bi-weekly or monthly
live-auctions that will be held at BizAuctions warehouse in
Otay Mesa or possibly at other
facilities within the greater San
Diego area or County.
"The renovation of the Tropicana Hotel & Casino is being
completed in phases with the renovation of approximately 800
suite-rooms, kitchen areas, banquet-conference areas, and meeting
rooms, spa, and casino areas. Included in the liquidation
will be the amazing antique stained-glass ceiling above the poker
and craps tables in the main casino area of the Tropicana."
Janovec adds, "We are working very close with the management of
La Jolla Liquidation & Auction Co. to enlist their knowledge of
live-auctions for the preparation and scheduling of upcoming
auctions over the next 30, 60, 90 days, and beyond. We are
gaining valuable experience for BizAuctions and welcome the
expertise of the live-auction business that La Jolla Liquidation
& Auction Co. brings to the Joint Venture.
"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.
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 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 Lucky 7's retail store.
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 liquidation services for excess inventory, overstock
items, and returns through its eBay and Amazon business platforms
and Lucky 7's retail store. 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, 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 liquidation services
through eBay and Amazon platforms and its Lucky 7's
retail store 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 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.