SAN DIEGO, June 15, 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, BizAuctions-Lucky 7's San Ysidro
Retail-Outlet store sales for its first week a success.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "We are extremely encouraged by the first week sales
generated since the opening of the Lucky 7's retail store in
the San Ysidro Village Center on Tuesday,
June 7, 2011. Sales of approximately $22,083.00, an average of $3,154.71, per day, for this first week
represents an excellent start for our new retail outlet location at
4350 Camino de la Plaza, San Ysidro,
CA, South of San Diego. The
Lucky 7's merchandise consists of named brand clothing,
general merchandise, household items, and electronics, all at
affordable prices below typical retail pricing. Based upon the
first week of sales, the high retail traffic, and the demographics
of this area, we anticipate that BizAuctions -Lucky 7's
San Ysidro retail store can reach
daily sales of $5,000 to $10,000 with
effective advertising and promotion. The Lucky 7's retail
store is adjacent to the Camino de
la Plaza avenue, which feeds into the Las Americas Premium Outlets,
a newly developed complex of over 125 name brand retail-outlet
stores and within one half mile of the San Ysidro USA-Mexico border
crossing, where the 5 Highway crosses into Mexico. This 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. (For more information on
Las Americas see at
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.)
The BizAuctions-Lucky 7's customer base continues to grow
due to our 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).
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.