BizAuctions Sale of Cell Phones and Accessories Update
January 27 2010 - 7:30AM
PR Newswire (US)
SAN DIEGO, Jan. 27 /PRNewswire-FirstCall/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay
liquidation services for excess inventories, overstocks and
returns, purchase of cell phones and accessories for resale has
been a big hit during and after the Holiday Season. Delmar Janovec,
CEO comments, "BizAuctions, a Titanium Powerseller on eBay through
its eBay store name: BusinessAuctions Inc., the purchase of cell
phones and accessories that were once inventory for a Regional
Distributor with a retail price of approximately $470,000.00, has
been a big hit with its customer base during and after the Holiday
Season. BizAuctions has sold approximately 41% of the cell phones
at prices ranging from $47.00 to $318.00 per phone and
approximately 7% of the accessories ranging from $17.00 to $37.00,
per item, with sales for these items nearing $90,000.00.
BizAuctions has recouped its initial investment for the cell phones
utilizing a minor percentage of the entire inventory that was
purchased in December. Management and staff continue to be
committed in providing an assortment of name brand merchandise for
its customers at reasonable prices and providing excellent customer
service as is noted in its eBay positive feedback rating of 99%
with over 42,000 positive feedbacks received from customers."
"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, Midwest Outlet Centers, and its
soon to be 2nd retail store in San Diego County," 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, BizAuctions, Inc., 1-800-961-3275, Web Site:
http://www.bizauctions.com/
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