SAN DIEGO, June 23 /PRNewswire-FirstCall/ --
BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories and overstocks, announced today an agreement with a client to provide consignment services for the liquidation of Black Chandelier clothing
"This consignment liquidation agreement to liquidate Black Chandelier clothing, a clothing retailer owned by Nexia Holdings, Inc (Pink Sheets: NXHD), marks the first consignment agreement specifically executed for our newly opened retail clothing store Lucky 7's. We developed the Lucky7's retail concept in order to liquidate clothing inventory not only from our own holdings obtained from liquidation contracts, but for other companies on consignment as well," noted Delmar Janovec, BizAuctions' CEO
"The performance of Lucky 7's is looking solid so far, and if our retail operations are as successful as we hope we should see additional revenue growth," Janovec added
BizAuctions last week reported that Lucky 7's store sales were increasing after the store's second full week of operations. Management plans to release additional details regarding operations in the next one to two weeks
"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," noted 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
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/tour.shtml
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
The Company encourages the public to read the above information in conjunction with BizAuctions year-end statement for December 31, 2008, and the Quarterly statements filed in 2008. BizAuctions financial statements can be viewed 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," "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. DATASOURCE: BizAuctions, Inc
CONTACT: Investor Relations, Target IR LLC, +1-760-633-0092, , for BizAuctions, Inc., or Delmar Janovec, Investor Relations of BizAuctions, Inc., 1-800-961-3275, Web Site: http://www.bizauctions.com/
|
