SAN DIEGO, May 18 /PRNewswire-FirstCall/ -- BizAuctions,
Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and
Amazon liquidation services for excess inventories, overstocks, and
returns, announced today that its retail clothing store,
Lucky 7's, has renewed its lease for one (1) year to
May 15, 2011, in the Chula Vista
Center Mall.
Delmar Janovec, CEO, comments,
"Due to the continued growth in sales of our Lucky
7's retail store in the Chula Vista Center Mall,
Chula Vista, CA, next to Macy's,
an anchor store, and PacSun retail store, the lease has been
renewed for another year to May 15,
2011. Lucky 7's growth in sales has improved
since the opening of the retail store on May
29, 2009, particularly in the fall months of 2009, and the
first months of 2010. While the sales of Lucky 7's
have not hit our anticipated monthly revenues, we are encouraged
that sales overall has continued to increase since the opening of
the store.
"Lucky 7's continues to increase its customer base
due to the name brand clothing we sell at a significant savings
from the average retail price. Management and staff of Lucky
7's diligently work to search for new name brand
merchandise that can be purchased at a discount and offered to our
customers at a savings. We anticipate that Lucky 7's
retail store sales will continue to grow during this calendar
year.
"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.
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 almost any business to liquidate 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 and Amazon 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 and Amazon.
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.