BizAuctions Sales Increase 22% for Year Ended December 31, 2008
February 04 2009 - 5:41PM
PR Newswire (US)
SAN DIEGO, Feb. 4 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink
Sheets: BZCN), a prime provider of commercial eBay liquidation
services for excess inventories and overstocks, announced today
that its twelve-month revenues ended December 31, 2008 increased
approximately 22% over calendar year, 2007. Delmar Janovec, CEO
remarks, "BizAuctions revenues increased to approximately
$3,396,294 (unaudited) for the twelve months ending December 31,
2008, representing an increase of approximately $624,903 or 22%
increase over the same twelve-month period for 2007." "We feel that
year-over-year revenue growth of 22% for the twelve months is
significant even in a good economy, so we are very optimistic about
the 22% year-over-year revenue increase, in this challenging
environment," Janovec added. Management is pleased with the growth
of the Company, and is dedicated to building a major operation that
will have a significant and positive impact on corporate America.
Although the Company has not achieved profitability, on a constant
month-over-month basis, the increase in revenues demonstrates the
overall growth the Company has shown since its inception. With the
excess inventory market near $60 billion, BizAuctions is targeting
an enormous market and business opportunity while helping companies
solve one of their greatest problems. The Company's 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
http://www.bizauctions.com/. Investors and media can receive a free
investor kit for BizAuctions, Inc. by contacting Investor Relations
at 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 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
Company encourages the public to read the above information in
conjunction with its year-end statement for December 31, 2007, and
the quarterly statements filed in calendar year 2008, at
http://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. DATASOURCE: BizAuctions,
Inc. CONTACT: Investor Relations of Target IR LLC, +1-760-633-0092,
; or Delmar Janovec, Investor Relations of BizAuctions, Inc.,
1-800-961-3275, Web Site: http://www.bizauctions.com/
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