SAN DIEGO, Aug. 25 /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 opened the BizAuctions-La Jolla Outlet Retail
store in its current warehouse-office in Otay Mesa, California on Tuesday,
August 17, 2010.
Delmar Janovec, BizAuctions' CEO,
remarks, "The BizAuctions-La Jolla Outlet store opened on Tuesday
with modest sales that exceeded expectations. The first six days of
sales at the Outlet Store consisted of some name brand clothing and
general merchandise such as Polo, Levis, and Lucky jeans, and
Dyson, Bissell, Eureka, and Shark vacuum cleaners, Oster blenders,
Shark Home Irons, Samsonite luggage, Hamilton Beach coffee pots,
bedding, and other name brand household merchandise. Sales were
approximately $9,545.00, and with
virtually no marketing. Once we add marketing and some name brand
electronics to the mixture of merchandise, I believe we could very
easily see sales of $5,000.00, per
day, and probably much higher. On an annualized basis that is
approximately $1,325,000.00 in
additional revenues that will generate net profits and flow to the
balance sheet. Customers represented a cross section of clientele
from BizAuctions eBay customers, other businesses within the
Corporate Business Center (where the warehouse-office is located),
customers from the California Department of Motor Vehicles (located
adjacent to the Corporate Center) and customers from the traffic
flow on the 905-Otay Mesa highway, all looking for quality brand
name merchandise at a significant savings from typical retail
prices. All in all, it was a good opening first week of sales that
should continue to build each day with new and repeat customers."
(For photos of the Outlet Store, please view the attached link.)
http://www.bizauctions.com/outlet/
Romy Ashjian, President of La
Jolla Liquidation, comments, "I was optimistic the Outlet Store
would do fairly well in sales due to the quality of our name brand
merchandise and once there was some local marketing efforts put
forth. Based upon the first six (6) days of sales, and the
satisfaction that I saw from the customers of the pricing and
quality of merchandise being purchased, I'm now confident we can
build a solid base of new customers each day and should see sales
topping $5,000.00, per day, and
beyond, very soon."
"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 higher-end
merchandise such as Polo, Ralph
Loren, Buffalo and Lucky jeans, Ed
Hardy shirts, PING sports apparel, and other name brand
clothing merchandise that brings higher retail prices at Lucky
7's versus its customary outlet, its eBay and Amazon business
platforms," noted CEO, Janovec.
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.
Copyright . 25 PR Newswire