BizAuctions Lands New Liquidation Services Agreement
June 23 2009 - 7:00AM
PR Newswire (US)
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/
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