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Thursday, 07/15/2004 4:17:21 PM

Thursday, July 15, 2004 4:17:21 PM

Post# of 96
Auction Mills Inc. Receives $558,000 of Additional Funding from Exercised Warrants
DALLAS

For Auction Mills Inc.
Patrick Arnett, 281-999-7721

Auction Mills Inc. (PinkSheets:AUML) will use this additional funding to further corporate expansion plans. Part of Auction Mills Inc. corporate expansion plan is to establish a nucleus of corporate stores in and around the Dallas, Texas, area. This nucleus will be used as the training hub to develop the Auction Mills Inc. template and franchise strategy.

Auction Mills Inc. supplies the public with a convenient, professional and confidential approach to participating in the Ebay online marketplace. Experienced Ebay auctioneers provide customers with a method of turning unused items into cash. The Company actually takes possession of the items to be auctioned eliminating the hassle and wasted time associated with the selling process and allows customers an opportunity to benefit from the existing relationship that Auction Mills Inc. has with Ebay. This exciting method of marketing is currently available to franchisees. Management intends to cultivate a worldwide network of franchises that will work unanimously to offer the public the most effective tool available for online marketing.

Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the Company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.

For more information about Auction Mills Inc. and opportunities associated with owning your own Action Mills location: www.auctionmills.com





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