SAN DIEGO, Dec. 22, 2010 /PRNewswire-FirstCall/ --
BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of
commercial eBay and Amazon liquidation services for excess
inventories, overstocks, and returns, announced today that December
month-to-date sales are holding strong for the first twenty-one
days of the month.
Delmar Janovec, BizAuctions'
President, comments, "The Retail-Outlet store sales for the first
21 days of December have hit $40,599
and have almost surpassed November sales of $44,982. With 8 days of business remaining for
this month and based upon the current trend of sales growth we have
experienced to date, I would anticipate seeing December sales
topping $50,000 to $55,000—a
significant increase over November sales that can be attributed to
several factors, such as advertising in a local Hispanic
publication, CUPOMANIA, the Holiday Season, and the continued
growth of our loyal customer base. Since the opening of the
Outlet store on August 17, we have
seen sales climb from approximately $15,877 for the month of August to November sales
of $44,982, an increase of
$29,054 or 83%. It is quite simple;
our customers are very pleased with the variety of name brand
merchandise that extends from clothing, general merchandise,
household goods, appliances, and electronics—all at prices that are
significantly below normal retail. Our staff at BizAuctions and the
Retail-Outlet Store is committed to providing name brand
merchandise at affordable prices for our customers. December so far
has been extremely busy and we anticipate it will prove to be a
record month for the Retail-Outlet store." (For photos of our
current Retail-Outlet Store, please view the attached link at,
http://www.bizauctions.com/outlet/ )
"BizAuctions recently closed its retail store in the Chula Vista
Center, in anticipation of opening a new larger location in the
San Ysidro area, and under the
name of "Lucky 7's Outlet," 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, O'Neill, and other name
brands, general merchandise, appliances, and some electronics that
will generally bring higher retail prices at Lucky 7's
Outlet versus its customary eBay and Amazon business
platforms. We anticipate that store opening in February 2011,"
noted President 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.