SAN DIEGO, Jan. 11, 2011 /PRNewswire/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon
liquidation services for excess inventories, overstocks, and
returns, announced today that progress is being made on the terms
of the lease for the Retail-Outlet Store that is to be located in
San Ysidro, CA.
Delmar Janovec, BizAuctions' CEO,
comments, "BizAuctions has made progress on the terms of the lease
with the Landlord since the signing of the non-binding Letter of
Intent in mid-December of 2010, for the Retail-Outlet store in
San Ysidro, CA. We anticipate
receiving comments back from the Landlord this week now that the
Holidays have passed, and hope to sign a formal lease within the
next ten (10) days. The Retail-Outlet store will require minor
tenant improvements prior to BizAuctions-Lucky 7's occupying, and
expect that a mid-to-late February move-in date is realistic. The
Retail-Outlet store is approximately 4,000 sq. ft in size and is
located within approximately one half mile of the USA/Mexico
border crossing on the 805 highway which averages approximately
35,000 passenger cars per day and approximately 18,000 pedestrians
who cross the US/Mexico border in
cars and on foot. This new location will provide BizAuctions-Lucky
7's the supreme venue to sell name brand clothing, general
merchandise, and electronics. Based upon our Retail-Outlet December
sales of $55,443 from the BizAuctions
warehouse-office in Otay Mesa, and
the traffic flow crossing the border each day, and an aggressive
advertising program, we could see sales of $5,000 to $10,000, per day, that would translate
into monthly sales from $150,000 to
$300,000. BizAuctions-Lucky 7's has made great progress
since the opening of our current Outlet-Retail store, and with the
location of this 2nd Outlet-Retail store, I firmly believe calendar
year 2011 will show increased revenue and profits." (For photos of
our current 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, 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, household products, and appliances,
and some electronics that will generally bring higher retail prices
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.