BizAuctions Total Bids on eBay for 90-Day Period Hits 12,402
November 19 2009 - 7:30AM
PR Newswire (US)
SAN DIEGO, Nov. 19 /PRNewswire-FirstCall/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay
liquidation services for excess inventories, overstocks and
returns, announced today total bids received for its eBay auctions
during the last 90-day period. Delmar Janovec, CEO comments,
"BizAuctions, a Titanium Powerseller, on eBay through its eBay
store name: BusinessAuctions Inc, total bids received on its
listings for the last 90-day time period reaches, 12,402. The
average sold price for each listing was approximately $89.00.
Management and staff are committed in providing our customers with
excellent service and quality brand name products at significant
savings from retail prices. This service continues to reflect in
the Company's customer satisfaction rating on eBay of 98.9%, with
over 40,700 positive feedbacks." "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, its recently opened retail store,
Lucky 7's, and soon through its recently announced Letter of Intent
with 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, Investor Relations of BizAuctions,
Inc., 1-800-961-3275, Web Site: http://www.bizauctions.com/
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