SAN DIEGO, May 5 /PRNewswire-FirstCall/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon
liquidation services for excess inventories, overstocks and
returns, and La Jolla Liquidation & Auction Co. have set the
date for the planned 1st live-auction of furniture, fixtures, and
equipment from the renovation of the Las Vegas Tropicana Hotel
& Casino.
Delmar Janovec, CEO comments,
"Due to the amount of inventory of furniture, fixtures, and
equipment (FF & E) that has been received to-date from the
renovation of the Las Vegas Tropicana Hotel & Casino and with
additional inventory to be received over the coming weeks,
BizAuctions and La Jolla Liquidation have decided to move the
tentative date for the 1st live-auction from May 21-May 22 to a firm date of Saturday, June 19, at BizAuctions' Otay Mesa warehouse. The additional time will
allow our staff to properly organize and evaluate the FF & E
that has been received to-date, and provide ample time to receive
further consignment inventory. We will also be adding inventory
from BizAuctions that will include named brand general merchandise
and electronics. We anticipate the live-auction will attract
commercial vendors, small business owners, and individuals looking
for excellent auction items."
Romy Ashjian, President of La
Jolla Liquidation remarks, "We have already received a fair amount
of furniture, fixtures, and equipment from the renovation of the
Tropicana Hotel & Casino so the additional time will allow La
Jolla Liquidation and BizAuctions to better organize the inventory
for the 1st live-auction. This will enable us to have a better
turn-out of potential buyers for the consignment items. We are
looking forward to this 1st live-auction and believe that it will
be a sizable auction of quality furniture, fixtures, and equipment
items along with the electronics and general merchandise from
BizAuctions."
The renovation of the Tropicana Hotel & Casino is being
completed in phases with the renovation of approximately 800
suite-rooms, kitchen areas, banquet-conference areas, and meeting
rooms, spa, and casino areas. Included in the renovation will
be the removal of the amazing stained-glass ceiling above the poker
and craps tables in the main casino area of the Tropicana.
"BizAuctions employs two primary business models, whereby it
liquidates inventory through eBay and Amazon 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 Amazon platforms and its recently opened retail store,
Lucky 7's," 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 liquidation services to Fortune 1000
enterprises, BizAuctions is a clear and lucrative solution for most
any business to liquidate excess inventory on its eBay and Amazon
platforms and its Lucky 7's retail store.
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 liquidation services for excess inventory, overstock
items, and returns through its eBay and Amazon business platforms
and Lucky 7's retail store. 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, 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 liquidation services
through eBay and Amazon platforms and its Lucky 7's
retail store to Fortune 1000 enterprises, BizAuctions is a clear
and lucrative solution for most any business to liquidate its
excess inventory.
The Company encourages the public to read the above information
in conjunction with its year-end statement for December 31, 2009, and the quarterly statements
filed in calendar year 2009, 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.
SOURCE BizAuctions, Inc.