Thursday, June 11, 2009 9:12:53 AM
BizAuctions eBay Business for Last 90-Day Period Remains Steady
On Thursday June 11, 2009, 7:00 am EDT
Buzz up! Print Related:BizAuctions, Inc.
SAN DIEGO, June 11 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN - News), a prime provider of commercial eBay
liquidation services for excess inventories and overstocks, announced today total listings and sold items on its eBay business model
during the last 90 days.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total
listings reached approximately 9,015 and total sold items was 6,824 for the 90-day time period. The average sold price per item
during this period was approximately $77.00 with a sell-through rate of approximately 75%. This status is indicative of our staff's
commitment to provide our customers with exemplary service which is shown by our customer satisfaction rating on eBay of 99%.
BizAuctions eBay business model continues to remain steady and customers appreciate the quality of our brand name items that are sold
on eBay".
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative
commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions
consigns, buys inventory, and liquidates through eBay and its newly opened retail store, Lucky 7's," continues Janovec.
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 - News) 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.
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 its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and
the quarterly statements filed in calendar year 2008, 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.
On Thursday June 11, 2009, 7:00 am EDT
Buzz up! Print Related:BizAuctions, Inc.
SAN DIEGO, June 11 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN - News), a prime provider of commercial eBay
liquidation services for excess inventories and overstocks, announced today total listings and sold items on its eBay business model
during the last 90 days.
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, total
listings reached approximately 9,015 and total sold items was 6,824 for the 90-day time period. The average sold price per item
during this period was approximately $77.00 with a sell-through rate of approximately 75%. This status is indicative of our staff's
commitment to provide our customers with exemplary service which is shown by our customer satisfaction rating on eBay of 99%.
BizAuctions eBay business model continues to remain steady and customers appreciate the quality of our brand name items that are sold
on eBay".
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative
commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions
consigns, buys inventory, and liquidates through eBay and its newly opened retail store, Lucky 7's," continues Janovec.
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 - News) 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.
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 its excess inventory on eBay.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2008, and
the quarterly statements filed in calendar year 2008, 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.
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