SAN DIEGO, July 7, 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 June sales for the store's first three
weeks in operation were moderate and exhibit promise for future
growth.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "BizAuctions Lucky 7's San Ysidro
Retail-Outlet store sales for the opening three (3) weeks of
June were approximately $52,000.00.
The Lucky 7's San Ysidro store
opened on June 7, 2011 with minimal
advertising, yet still had eager customers waiting outside to get
first crack at name brand merchandise, selling well below most
retail prices. Open seven days a week, located at 4530 Camino De La
Plaza, this San Ysidro location
sits adjacent to the 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. Based upon the area's demographics and the first
week's sales, I believe it is realistic for BizAuctions Lucky 7's
retail store to achieve sales averages of $5,000 to $10,000 per day upon an effective
advertising program. 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. Mexican Nationals have largely contributed to the
area's success as large numbers transverse 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 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 expand due
to its loyal Hispanic consumers, advertising in the Hispanic
publication, CUPOMANIA, bill-board 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 bill-board, see the following link at:
http://i746.photobucket.com/albums/xx102/bizauctions/Advertisement/IMG_1483.jpg).
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 liquidation services to Fortune 1000
enterprises, BizAuctions is a clear and lucrative solution for most
any business to liquidate excess inventory on eBay, Craig's List,
and through BizAuctions Lucky 7's retail stores.
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 INVENTORY
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 excess inventory problem for clients
by sending trucks to pick up pallets of excess inventory, selling
the inventory on eBay, and BizAuctions Lucky 7's
retail stores, 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 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, and 2009, and the quarterly
statements filed in calendar year 2011, and 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.