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 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
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.