SAN DIEGO, June 24 /PRNewswire-FirstCall/ -- BizAuctions,
Inc. (Pink Sheets: BZCN), a prime provider of eBay and Amazon
commercial liquidation services for excess inventories, overstocks,
and returns, is a successful bidder on numerous inventory items at
the Urban Boardshop auction.
Delmar Janovec, CEO remarks,
"BizAuctions was a successful bidder on numerous lots of inventory
at the on-line auction of the Urban Boardshop. The on-line auction
was conducted by McCormack Auction Co., a real estate and auction
company, on June 22 for the sale of
Urban Boardshop inventory that ranged from top of the line
surfboards and skateboards, named brand shoes and sandals, to
popular brands of T-shirts, swim wear, and clothing items, hats,
sunglasses and miscellaneous office equipment. The retail price of
the inventory that BizAuctions was successful bidder on will range
from $35,000 to $50,000 which was
purchased at a significant discount to retail prices. The
merchandise should sell very well due to the name brands and the
high quality of the product. Management and staff are committed to
providing an assortment of name brand merchandise for its customers
as well as providing excellent customer service as is noted in its
eBay feedback rating of 99.3% with over 45,000 positive feedbacks
received from customers."
"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 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/.
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 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 liquidation services
to Fortune 1000 enterprises, BizAuctions is a clear and lucrative
solution for most any business to liquidate its excess inventory on
eBay.
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.