SAN DIEGO, July 28, 2011 /PRNewswire/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial liquidation
services for excess inventories, overstocks, and returns, announced
today June sales for the retail stores, although modest,
demonstrate growth potential.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "BizAuctions Lucky 7's Retail-Outlet store
sales for June were $146,539. The
monthly sales include the two new retail stores, San Ysidro and San
Marcos, both opening on June 7,
2011, and the Otay Mesa retail store located at BizAuctions
office-warehouse. We are optimistic for the future growth of all
three (3) Lucky 7's retail locations due to the demographics of the
three (3) retail locations and the demand for name brand
merchandise in clothing, general merchandise, appliances and
electronics such as Polo Ralph Lauren, Buffalo and Lucky jeans,
Gloria Vanderbilt, Ed Hardy, O'Neill, and PING sports apparel, and
Sony, Toshiba, Panasonic, Vizio, Sharp, and other name brands – all
at prices significantly below retail. The Otay Mesa retail store is
located at 1510 Corporate Center Drive off the 905 Highway and near
the Otay Mesa-USA Border crossing, and the San Ysidro retail store is located at 4530
Camino De La Plaza adjacent to the Los Americas Premium Outlet
stores and the 5 Highway within 1/4 of a mile from the USA-Mexico Border crossing in San Ysidro. The San Marcos Lucky 7's store is
located at 1355 Grand Avenue, Suite 104-105, San Marcos which is West of Las Posas Rd.,
adjacent to the Grand Plaza Shopping Center and Highway 78. Grand
Ave and Las Posas Rd. carry an estimated combined traffic flow of
approximately 20,000 cars per day with Highway 78 traffic flow
exceeding well over 100,000 cars per day. In view of the growth of
the Lucky 7's Retail-Outlet store in Otay Mesa, and the opening of
our San Ysidro and San Marcos
Retail-Outlet stores in June, calendar year 2011 and beyond looks
promising." (For photos of our Otay Mesa Retail-Outlet Store,
please view the attached link at,
http://www.bizauctions.com/outlet/).
The BizAuctions Lucky 7's customer base continues to expand due
to its loyal Hispanic consumers, advertising in PennySaver.com, and
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 billboard
advertising, 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, craigslist, and
through BizAuctions Lucky 7's Retail-Outlet 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, craigslist, and BizAuctions Lucky
7's Retail-Outlet 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.