SAN DIEGO, March 1, 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 that sales for the month of February set a
new record.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "BizAuctions-Lucky 7's Retail-Outlet store has
achieved a new monthly sales record of $80,508.00 for February. This is an increase of
$12,284 or 18% over January sales of
$68,224 and an increase of
$64,631 or approximately 405% over
the August sales of $15,877, the
opening month for the Retail-Outlet store. Our BizAuctions-Lucky
7's business model continues to make great progress since the
opening of the store in August of 2010. The continued growth in our
business model is due in part to our loyal customer base and their
continued word-of-mouth advertising for the great pricing and
variety of name brand merchandise that is available in clothing,
general merchandise, appliances, household items, and electronics
such as Sony, Toshiba, Samsung, Vizio, and Panasonic; Maytag, and
Whirlpool appliances; and Polo, Ralph
Lauren, Lucky & Buffalo jeans, O'Neill and PING sports
apparel and other name brands. Based upon the continued trend in
sales growth, I expect to see many more record months for
BizAuctions-Lucky 7's Retail-Outlet store in this
calendar year, 2011." (For photos of our current Retail-Outlet
Store, please view the attached link:
http://www.bizauctions.com/outlet/.)
"BizAuctions closed its retail store in the Chula Vista Center,
last year, in anticipation of opening a new larger location in the
San Ysidro area, with the ability
to sell an expanded array of merchandise under the name of
'Lucky 7's Outlet,' in order to sell its name brand
higher-end clothing such as Polo, Ralph
Lauren, Buffalo and Lucky jeans, Ed
Hardy shirts, PING sports apparel, O'Neill, and other name
brands, general merchandise, and electronics such as Sony, Samsung,
Toshiba, Panasonic and Vizio, that will generally bring higher
retail prices at Lucky 7's Outlet versus its
customary eBay and Amazon business platforms. We continue to work
with the landlord on finalizing the lease terms and anticipate a
store opening in late March or early April, upon the completion of
tenant improvements," noted CEO, Janovec.
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 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.