BizAuctions Secures New Contract in 3rd Qtr. 2008
November 18 2008 - 6:30AM
Business Wire
BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of
commercial eBay liquidation services for excess inventories and
overstocks, secures a new contract in 3rd Qtr. 2008 with one of the
top 50 retailer-wholesalers in the USA, involving liquidation
services. �BizAuctions' eBay business model continues to grow with
a top 50 retailer-wholesaler by securing another commercial
liquidation contract in the 3rd Qtr. of this year and BizAuctions
is currently in discussions for additional contracts. The contract
demonstrates management�s commitment to provide excellent
liquidation services for our clients and it is clear that U.S.
corporations are in need of quality liquidation services,"
commented Delmar Janovec, CEO. �At $60 billion, BizAuctions is
targeting an enormous market while helping companies solve one of
their greatest problems. BizAuctions employs two primary business
models, whereby it liquidates inventory through eBay on consignment
for a lucrative commission; and/or it purchases inventory at a
fraction of retail price for the purpose of liquidating it for a
profit. BizAuctions consigns, buys inventory, and liquidates
through eBay,� continues Janovec. BizAuctions� operations are
designed for maximum capacity to handle most any eBay liquidation
project. Whether the client is a Fortune 500 company with 1,000
items or a small business with 100 items, BizAuctions can take on
most any project and recover funds from clients� excess inventory.
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/tour.shtml. The Company encourages the
public to read the above information in conjunction with its
year-end financial statement for December 31, 2007, and the
Quarterly statements filed in 2008. The financial statements can be
viewed at www.pinksheets.com. About BizAuctions, Inc.: BizAuctions,
Inc. (Pink Sheets: BZCN) is a prime provider of commercial eBay
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 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
liquidation services to Fortune 1000 enterprises, BizAuctions is a
clear and lucrative solution for most any business to liquidate its
excess inventory on eBay. The information contained in this press
release may include forward-looking statements. Forward-looking
statements usually contain the words �may,� �could,� �possibly,�
�hope,� "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.
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