SAN DIEGO, Oct. 12 /PRNewswire/ -- BizAuctions, Inc. (Pink
Sheets: BZCN), a prime provider of commercial eBay and Amazon
liquidation services for excess inventories, overstocks, and
returns, announced today plans are under way to open a 2nd
Outlet-Retail store for the upcoming holidays.
Delmar Janovec, BizAuctions' CEO,
comments, "Due to the progress that has been made in the first 35
days of sales of approximately $40,838.00 at the Outlet Store, and the
approaching holiday season, we have begun looking for a 2nd Outlet
Store in the size range of 3,000 sq. feet in the southern part of
San Diego County that is within a
20 mile radius of our current office-warehouse in Otay Mesa. Staying within the 20 mile radius
will allow BizAuctions staff to deliver inventory daily to the 2nd
Outlet-Retail store with minimal transportation issues.
BizAuctions' busiest season typically begins in late October and
runs through March of each calendar year due to the increased
spending by consumers with the retailer-wholesalers that
BizAuctions currently contracts with for the purchase of returns,
overstocks, and close-outs on certain merchandise. We have already
began to see an increase in returns from our retail-wholesale
contracts over the last several weeks that generally builds weekly
through the holiday season and then slows in late March.
We have started an advertising campaign with a local Hispanic
newspaper that goes out to over 7,000 subscribers each week that
will run for a period of 4 weeks. We believe, based upon the
demographics of our Outlet Store, the local Hispanic newspaper will
bring in new customers that are looking for name brand merchandise
at prices that are significantly below retail. Based upon the
approaching busy holiday season, the advertising campaign in
progress, and our current loyal customer base, BizAuctions looks
forward to a sales growth in the fall and holiday season with
increased sales at our Lucky 7's retail store, the Outlet
Store and on our eBay and Amazon platforms." (For photos of
our current Outlet Store, please view the attached link at,
http://www.bizauctions.com/outlet/ )
"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
clothing such as Polo, Ralph Lauren,
Buffalo and Lucky jeans, Ed Hardy
shirts, PING sports apparel, and other name brands that bring
higher retail prices at Lucky 7's versus its customary 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 . 12 PR Newswire