Holiday Season May Bring Renewed Interest in BizAuctions (OTC:BZCN.OB)WEBWIRE – Friday, October 16, 2009
Contact InformationMichael Vlaicu
CEO and President
MiV Investments Inc.
4163126929
michaelvlaicu@stockshaven.comAs the holiday season fast approaches during one of the most hard hit economic times in recent memory, certain discount companies look to profit and gain recognition, differentiating themselves from the pack.
One of these such companies is BizAuctions Inc. (OTC:BZCN.OB), which is quickly gaining momentum in a $60B excess inventory liquidation market. The concept is simple, they offer eBay liquidation services for companies who have excess inventory, returns, and overstock items. Given that eBay is one of those companies which is recession proof, investors should feel a little more confident should they choose to place their eggs in this basket. At first glance, this may seem like a simple concept, however it made them a hefty revenue of $1,340,904 during six months ended June/30/2009, and that’s not too bad for a high growth company worth an estimated $640M in market cap.
Despite the struggling economy, BizAuctions has continued to decrease operating and net losses, all the while maintaining a revived sense of optimism after eBay (NASDAQ:EBAY) hit their highest level in 10-months and exceeded Wall Street’s forecast.
BizAuctions also runs a retail clothing store named “Lucky 7’s” which opened at the Chula Vista Center, on May/29/09 next to Macy’s in Chula Vista, CA. It is also important to remember that during the last holiday season in December of 2008, the company’s shares reached a one year high of 0.11 price per share.
AI
