BizAuctions, Inc. (PINK SHEETS:BZCN), a prime provider of commercial
eBay liquidation services for excess inventories today reflected on the
latest U.S. Department of Commerce's November 14th Manufacturing and
Trade Inventories and Sales report, where the total pool of
manufacturers' and trade inventories was in excess of $1.5 trillion
An excerpt from the November 14th report, which released
trailing data for September 2008, outlined that "Manufacturers' and
trade inventories adjusted for seasonal variations but not for price
changes, were estimated at an end-of-month level of $1,507.1 billion,
up 5.5 percent (+/-0.4%) from September 2007."
Delmar Janovec, CEO of BizAuctions, noted, "We continue to be encouraged
by these reports, as we view any increase in inventories as a potential
positive sign for business, even when sales escalate as they did here,
because inventory surges may indicate trickledown growth in excess
inventories."
Readers are encouraged to review the full report with Inventories,
Sales, and Inventories/Sales ratio released November 14, 2008, which can
be viewed at http://www.census.gov/mtis/www/mtis_current.html
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
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
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
ABOUT BIZAUCTIONS – ADDRESSING THE PROBLEM
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 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
The Company encourages the public to read the above information in
conjunction with BizAuctions year-end statement for December 31, 2007,
and the Quarterly statements filed for 2008. BizAuctions financial
statements can be viewed 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,” “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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