SAN DIEGO, Oct. 8 /PRNewswire-FirstCall/ -- BizAuctions,
Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and
Amazon liquidation services for excess inventories, overstocks, and
returns, and La Jolla Liquidation and Auction Co. announced today
that sales for the first 35 days of operations at the Outlet store
were moderate.
Delmar Janovec, BizAuctions' CEO,
comments, "The Outlet store sales for the first 35 days of
operations beginning on August 17 and
through September 30, 2010 were
approximately $40,838.00. We
are satisfied with the beginning sales for the Outlet Store since
there has been minimal funds expended for advertising. Sales are
attributed to our current base of loyal eBay customers, employees
of the various businesses that are located within the Corporate
Center in Otay Mesa, and from the
high traffic off the 905 Otay Mesa highway and the 805 highway. The
sales have been mostly clothing such as Polo, Ralph Lauren, PING sports apparel, Lucky and
Buffalo jeans, and general merchandise such as Maytag washer and
dryers, Dyson, and Bissell vacuum cleaners, Samsonite luggage,
other name brand household merchandise, as well as some electronics
such as Sony, Panasonic, Toshiba, and Samsung. I firmly believe the
Outlet Store can achieve sales of $5,000.00, per day upon an effective advertising
campaign, and with the addition of more name brand electronics. It
has been a respectable 35 days of operations that will continue to
build and expand our loyal customer base that are looking for name
brand merchandise at prices significantly below retail." (For
photos of the Outlet Store, please view the attached link at,
http://www.bizauctions.com/outlet/ )
"BizAuctions opened its 1st retail store on May 29, 2009 in the Chula Vista Center in
Chula Vista, CA, next to Macy's,
an anchor store, and PacSun retail stores, under the name of
'Lucky 7's' in order to sell its name brand higher-end
clothing such as Polo, Ralph Lauren,
Buffalo and Lucky jeans, Ed Hardy
shirts, PING sports apparel, and other name brands that bring
higher retail prices at Lucky 7's versus its customary eBay
and Amazon business platforms," noted CEO, 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 and Amazon
platforms.
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/
ABOUT BIZAUCTIONS – ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of
eBay and Amazon commercial 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 Amazon, 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 and Amazon liquidation
services to Fortune 1000 enterprises, BizAuctions is a clear and
lucrative solution for most any business to liquidate its excess
inventory.
The Company encourages the public to read the above information
in conjunction with its year-end statement for December 31, 2009, and the quarterly statements
filed in calendar year 2010, and 2009, 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," "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.
www.BizAuctions.com
SOURCE BizAuctions, Inc.
Copyright t. 8 PR Newswire