SAN DIEGO, Nov. 2 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, returns, and overstocks, announced today the Company has signed a Letter of Intent with Midwest Outlet Centers. Delmar Janovec, CEO comments, "BizAuctions has entered into a Letter of Intent with Midwest Outlet Centers to form a Joint-Venture for the purpose of selling its slow moving merchandise that is not conducive to the eBay business model. Certain merchandise could bring a higher price when sold through an Outlet Center versus our eBay business model. Most Outlet Centers draw their customers from a wide geographic area and enjoy an established customer base. This would provide BizAuctions with more options as to how certain merchandise could be sold to the consumer. We are looking forward to working with Tina Palazzola of Midwest Outlet Centers in developing a good business relationship that should prove to be beneficial for both companies". Tina Palazzola, President of Midwest Outlet Centers notes, "We believe that Midwest Outlet Centers can provide BizAuctions another venue for the sale of their name brand products and we are hopeful the companies can build a long-term business relationship." "BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay and its recently opened retail store, Lucky 7's, and soon through Midwest Outlet Centers" continues Janovec. 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 http://www.bizauctions.com/. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at 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, 2008, and the quarterly statements filed in calendar year 2009, at http://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. DATASOURCE: BizAuctions, Inc. CONTACT: Delmar Janovec of BizAuctions, Inc., Investor Relations, 1-800-961-3275, Web Site: http://www.bizauctions.com/

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