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BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial
eBay liquidation services for excess inventories and overstocks,
announced today that its nine month revenues year over year increased
approximately 39% over the previous period in calendar year 2007.
Delmar Janovec, CEO, remarks, “BizAuctions revenues increased to
approximately $2,575,441 for the nine months ending September 30, 2008,
representing an increase of approximately $734,646 or 39% increase over
the previous nine month period in 2007. Even though the quarterly
revenue for the period ended September 30, 2008 decreased, this 39%
increase for the nine month period demonstrates the substantial growth
the Company has shown since its inception.”
“Although BizAuctions has not yet achieved profitability on a
constituent monthly basis, it has made great progress in reducing costs
and increasing profitability in the operations of the company. We
believe our growth since inception is indicative of our commitment to
build a major operation that will have a significant impact on corporate
America,” Janovec concluded.
The Company’s 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.
BizAuctions’ operations are designed for maximum capacity to handle most
any eBay liquidation project. Whether the client is a Fortune 500
company with 1,000 items or a small business with 100 items, BizAuctions
can take on most any project and recover funds from clients’ excess
inventory.
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 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 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, 2007, and the
quarterly statements filed in calendar year 2008, 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.