BizAuctions Sales Listings Increase by 14% for November 2008
19 December 2008 - 10:20PM
Business Wire
BizAuctions, Inc. (Pink Sheets:BZCN), a prime provider of
commercial eBay liquidation services for excess inventories,
announced today that its items listed for sale on eBay during the
month of November 2008 increased by 14% over listings posted for
October 2008. These items, such as big screen TVs,�digital cameras,
and other electronics,�included excess inventory and returned
goods�which the Company acquired through liquidation projects�for
its clients. CEO Delmar Janovec commented, "BizAuctions posted
3,586 item listings on eBay�for the month of November, which
represents an increase of 443 listings, or an approximate 14%
increase over listings in the month of October 2008. This increase
is indicative of management's commitment to provide our customers
with exemplary service, as shown by our customer satisfaction
rating on eBay of 99.6% with over 30,000 feedbacks from our
customers." "We also recently reported that our�revenues increased
to approximately $3,075,797 for the eleven months ended November
30, 2008, representing an increase of approximately 29% over the
same eleven-month period in 2007," Janovec added. Management is
pleased with the growth since the inception 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, and even though the monthly
revenue ended November 30, 2008 decreased, this 29% year-over-year
increase for the eleven-month period 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
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 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, 2007, and the
Quarterly statements for 2008. BizAuctions financial statements can
be viewed 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," "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.
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