SAN DIEGO, July 22 /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 and
Auction Co. announced today the Joint-Venture is in the final
stages of opening a retail store in early to Mid-August of this
calendar year.
Delmar Janovec, BizAuctions' CEO,
comments, "Due to the availability of name brand merchandise such
as Polo Ralph Lauren, Buffalo and Lucky jeans, and other name brand
clothing merchandise from BizAuctions' major retail contracts,
BizAuctions and La Jolla Liquidation's Joint-Venture are in the
final stages of opening a retail store in early to mid-August of
this year. The retail store location is approximately 3,000 sq. ft.
in size and is located within BizAuctions current 23,000 sq. ft.
office-warehouse in Otay Mesa,
California. BizAuctions
office-warehouse is approximately two (2) blocks from the Otay Mesa
Road or 905 Highway and approximately four (4) miles from the 805
Highway and border crossing into Mexico. The combined traffic flow at the Otay
Mesa Road-905 highway and the 805 highway juncture carries in
excess of 60,000 cars a day so with the correct signage and
adequate marketing, BizAuctions-La Jolla Liquidation can draw from
a large base of potential customers that utilize these highways
each day.
"BizAuctions opened its 1st retail store on May 29, 2009 in the Chula Vista Center in
Chula Vista, CA, next to Macy's,
an anchor store, and PacSun retail stores, under the name of
Lucky 7's in order to sell its name brand products such as
Polo Ralph Lauren, Buffalo and Lucky jeans, Ed Hardly shirts, PING
sports apparel, and other name brand clothing merchandise that
brings higher retail prices at Lucky 7's versus its
customary outlet, on eBay and Amazon business platforms," noted
CEO, Janovec.
Romy Ashjian, President of La
Jolla Liquidation remarks, "Since our formation of the
Joint-Venture with BizAuctions in early April of this year, I have
had the opportunity to see all of the hundreds of name brand
products in the areas of electronics, clothing, and general
merchandise that are in great condition which are received weekly
by BizAuctions - it was then that I realized the true value in the
merchandise that was being sold by BizAuctions through eBay,
Amazon, and the Lucky 7's store. So, after discussions with
management of BizAuctions we decided the Joint-Venture would open
the retail store in the warehouse of BizAuctions current
operations. The combined management of La Jolla Liquidation has in
excess of 25 years experience in the retail, liquidation and
auction business, and coupled with the traffic flow from Otay Mesa
Road-905 highway and the 805 highway, we believe the retail store
in time will develop a strong customer base that is looking for
great buys on name brand merchandise."
BizAuctions' 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 and Amazon
platforms.
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
eBay and Amazon commercial 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 Amazon, 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 and Amazon liquidation
services 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 2010 and 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.