SAN DIEGO, May 26, 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 the Landlord has made substantial progress
with the tenant improvements (TI's) for the Lucky 7's
Retail-Outlet Store located in San
Ysidro, CA. and plans to fast-track the opening are
underway.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "In view of the progress of the tenant improvements for
the BizAuctions-Lucky 7's retail-outlet store in San Ysidro
Village Center, we anticipate completion by Friday, May 27, 2011, and foresee installation of
FF & E and inventory shortly thereafter. The licenses are in
place, the inventory is waiting, and we anticipate an opening of
Saturday, June 4, 2011. The retail
location is located adjacent to Camino De La Plaza, a major avenue
that feeds into Las Americas Premium Outlets, a newly developed
complex of over 125 name brand retail-outlet stores and is within
one half mile of the San Ysidro USA-Mexico border crossing, where
the 5 Highway crosses into Mexico.
The San Ysidro border region has
proven to be a boom retail location that's weathered the economic
recession with some stores claiming sales as high as $500 per square foot. Mexican Nationals have
largely contributed to the area's success as large numbers traverse
the border daily, some even keeping a car on each side of the
border in the enormous parking lots, for convenience of being able
to walk the border crossing. (For more information on Las Americas
see http://sandiego.about.com/od/shopping/a/outlets.htm.)
The San Ysidro USA-Mexico border crossing is the world's busiest
Land Port of Entry (LPOE), and has a daily northbound traffic of
50,000 vehicles and 25,000 pedestrians with an expected increase of
50% by 2020. (For more information see the following link at
http://www.gsa.gov/portal/category/21521.)
Due to the location of BizAuctions-Lucky 7's new
Retail-Outlet store to this busy and expanding border crossing and
the current sales trend of our Retail-Outlet store in Otay Mesa, we believe sales should range from
$5,000 to $10,000 per day for the
San Ysidro store. The
BizAuctions-Lucky 7's customer base continues to expand due to
loyal Hispanic consumers, advertising in the Hispanic publication,
CUPOMANIA, billboard advertising with our 1st billboard in
Mexico at the Otay Mesa USA-Mexico
border crossing, and the growing demand for name brand products
that are at reasonable prices. (For more information on the
billboard, see the following link at:
http://i746.photobucket.com/albums/xx102/bizauctions/Advertisement/IMG_1483.jpg).
We have updated our BizAuctions-Lucky 7's Tour video of our
operations that will be posted to our website. In view of the
growth of our existing Retail-Outlet store in Otay Mesa, and the potential of this new
location in San Ysidro, the
remainder of 2011 should be very positive." (For, more information
on this update, please view the attached link at
http://www.youtube.com/watch?v=u5nbAZhhKFk)
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, 2010-2009, and the quarterly
statements filed in calendar year 2010, 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.