SAN DIEGO, March 10, 2011 /PRNewswire/ -- BizAuctions, Inc.
(Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon
liquidation services for excess inventories, overstocks, and
returns, announced today the Company has secured its 3rd new
salvage-liquidation contract this year with a Top
Retailer-Wholesaler.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "BizAuctions has secured another salvage-liquidation
contract with one of the Top 10 Retailer-Wholesaler in the
USA, in March, making this the 3rd
contract awarded in this calendar year, 2011. The addition of this
new salvage-liquidation contract shows the confidence the
Retailer-Wholesaler has with the performance of BizAuctions and is
in line with our goal of securing additional salvage-liquidation
contracts with this Retailer-Wholesaler in the States of
California, Arizona, and Nevada. The contract calls for
BizAuctions to purchase overstocks, excess inventory, close-outs,
and returns from the Retailer-Wholesaler and at substantial
discounts from retail pricing for merchandise in areas of clothing,
general merchandise, household items, appliances, and electronics.
Management is committed to providing outstanding liquidation
services for our clients through eBay or Amazon Platforms, and
BizAuctions Lucky 7's Retail-Outlet store.
"This new salvage contract in additional to existing contracts
BizAuctions has with this Retailer-Wholesaler since the initial
contract in calendar 2006, will provide sufficient name brand
merchandise in areas such as clothing, general merchandise,
appliances, household items, and electronics for our current
BizAuctions Lucky 7's Retail-Outlet store and the new
planned store, Lucky 7's Retail-Outlet, in San Ysidro. The new Outlet-Retail store will
allow the Company to sell a variety of name brand merchandise in
the areas of general merchandise, electronics, household items such
as appliances and bedding, and name brand clothing such as Polo,
Ralph Lauren, O'Neill, Buffalo and
Lucky jeans, Ed Hardy shirts, PING
sports apparel, and other name brands. We are looking forward to
finalizing the lease with the landlord and moving into the space
upon the completion of the tenant improvements in late March or
mid-April of this year." (For photos of our current Outlet
Store, please view the attached link at,
http://www.bizauctions.com/outlet/ )
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 and Amazon liquidation services
to Fortune 1000 enterprises, BizAuctions is a clear and lucrative
solution for most any business to liquidate excess inventory on its
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.
SOURCE BizAuctions, Inc.