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BizAuctions, Inc. (Pink Sheets:BZCN), a prime provider of commercial
eBay liquidation services for excess inventories, announced today that
its items listed for sale on eBay during the month of November 2008
increased by 14% over listings posted for October 2008. These items,
such as big screen TVs, digital cameras, and other electronics, included
excess inventory and returned goods which the Company acquired through
liquidation projects for its clients.
CEO Delmar Janovec commented, "BizAuctions posted 3,586 item listings on
eBay for the month of November, which represents an increase of 443
listings, or an approximate 14% increase over listings in the month of
October 2008. This increase is indicative of management's commitment to
provide our customers with exemplary service, as shown by our customer
satisfaction rating on eBay of 99.6% with over 30,000 feedbacks from our
customers."
"We also recently reported that our revenues increased to approximately
$3,075,797 for the eleven months ended November 30, 2008, representing
an increase of approximately 29% over the same eleven-month period in
2007," Janovec added.
Management is pleased with the growth since the inception of the
Company, and is dedicated to building a major operation that will have a
significant and positive impact on corporate America. Although the
Company has not achieved profitability, and even though the monthly
revenue ended November 30, 2008 decreased, this 29% year-over-year
increase for the eleven-month period demonstrates the overall growth the
Company has shown since its inception. With the excess inventory market
near $60 billion, BizAuctions is targeting an enormous market and
business opportunity while helping companies solve one of their greatest
problems.
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.
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.
The Company encourages the public to read the above information in
conjunction with BizAuctions' year-end statement for December 31, 2007,
and the Quarterly statements for 2008. BizAuctions financial statements
can be viewed 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," "hope," "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.