BizAuctions eBay Business for Last 90-Day Period Remains Steady
June 11 2009 - 7:00AM
PR Newswire (US)
SAN DIEGO, June 11 /PRNewswire-FirstCall/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay
liquidation services for excess inventories and overstocks,
announced today total listings and sold items on its eBay business
model during the last 90 days. Delmar Janovec, CEO comments,
"BizAuctions, a Titanium Powerseller, on eBay through its eBay
store name: BusinessAuctions Inc, total listings reached
approximately 9,015 and total sold items was 6,824 for the 90-day
time period. The average sold price per item during this period was
approximately $77.00 with a sell-through rate of approximately 75%.
This status is indicative of our staff's commitment to provide our
customers with exemplary service which is shown by our customer
satisfaction rating on eBay of 99%. BizAuctions eBay business model
continues to remain steady and customers appreciate the quality of
our brand name items that are sold on eBay". "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 and its newly opened retail
store, Lucky 7's," continues Janovec. 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, 2008, 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, Target IR LLC, +1-760-633-0092, ;
or BizAuctions, Inc., Delmar Janovec, Investor Relations,
1-800-961-3275, Web Site: http://www.bizauctions.com/
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