SAN DIEGO, May 12, 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 that the Landlord is to begin tenant
improvements (TI's) for the Lucky 7's Retail-Outlet Store
located in San Ysidro, CA, the
week beginning May 16, 2011.
(Logo:
http://photos.prnewswire.com/prnh/20110210/LA45929LOGO)
Delmar Janovec, BizAuctions' CEO,
comments, "The Landlord for the BizAuctions-Lucky 7's
retail-outlet store in San Ysidro Village Center, San Ysidro, CA is to begin the TI's the week
of May, 16, 2011, upon receiving permits from the City and
San Diego County. The completion
of the TI's should be completed within ten (10) business days with
BizAuctions-Lucky 7's taking possession during the week of
May 31-June 1, 2011. Based upon the
Landlord completing the TI's on this timeline, we would hope to be
open for business by mid-to-late-June, 2011. The
retail-outlet store space is approximately 3,800 sq. ft. in size
and is located within one half mile of the San Ysidro USA-Mexico
border crossing, where the 5 Highway crosses into Mexico. The location has added value by being
located adjacent to Camino De La Plaza, a major avenue that feeds
into Las Americas Premium Outlets, a newly developed complex of
over 125 name brand retail-outlet stores. The San Ysidro border region has proven to be a
boom retail location that's weathered the economic recession with
some stores claiming sales as high as $500 per square foot. Mexican Nationals have
largely contributed to the area's success as large numbers
transverse the border daily, some even keeping a car on each side
of the border in the enormous parking lots, for convenience of
being able to walk the border crossing. (For more information on
Las Americas see at
http://sandiego.about.com/od/shopping/a/outlets.htm.)
"The world's busiest Land Port of Entry (LPOE), San Ysidro has a daily northbound traffic of
50,000 vehicles and 25,000 pedestrians and an expected increase of
50% by 2020. (See attached link for more information at
http://www.gsa.gov/portal/category/21521.) Based upon the
location of BizAuctions-Lucky 7's new Retail-Outlet store to
this busy and expanding border crossing and the sales trend of our
current Retail-Outlet store in Otay
Mesa, we believe sales should range from $5,000 to $10,000 per day for the San Ysidro store. Our customer base continues
to grow due to loyal Hispanic consumers, advertising in the
Hispanic publication, CUPOMANIA and the growing demand for name
brand products at reasonable prices. BizAuctions-Lucky 7's
customers are thrilled to find the variety of name brand
merchandise we have available in clothing, household items,
appliances, and electronics such as Sony, Toshiba, Panasonic,
Vizio, Sharp, and Samsung - all at prices significantly below
retail. In view of the growth of our existing Retail-Outlet store
in Otay Mesa, and the potential of
this new location in San Ysidro,
the remainder of 2011 holds great promise." (For photos of our
current Retail-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 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, 2010-2009, and the quarterly
statements filed in calendar year 2010, 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.