Key developments for BIZAUCTIONS INC (BZCN)
BizAuctions, Inc. Obtains Additional Salvage-Liquidation Contract with Top Retailer-Wholesaler
10/20/2010
BizAuctions, Inc. announced that the company was awarded an additional liquidation -salvage contract in October with a Top Retailer-Wholesaler. Under the terms of the contract, the company is to purchase overstocks, excess inventory, close-outs, and returns of the Retailer-Wholesaler at substantial discounts from retail pricing for electronics, general merchandise, and clothing.
BizAuctions, Inc Secures Another Salvage Contract with Top Retailer-Wholesaler
10/14/2010
BizAuctions, Inc. announced the company has secured an additional liquidation-salvage contract in September with a top retailer-wholesaler. The contract calls for the Company to purchase returns, overstocks, excess inventory, and close-outs at significant discounts from retail prices for electronics, clothing and general merchandise. This demonstrates management's commitment to excel in providing outstanding liquidation-salvage services for its clients, whether it is through eBay or Amazon platforms, its Outlet-Retail store, or Lucky 7's Retail store.
BizAuctions Plans to Open 2nd Outlet-Retail Store for the Holidays
10/12/2010
BizAuctions, Inc. announced plans are under way to open a 2nd Outlet-Retail store for the upcoming holidays. The company has begun looking for a 2nd Outlet Store in the size range of 3,000 sq. feet in the southern part of San Diego County that is within a 20 mile radius of current office-warehouse in Otay Mesa. Staying within the 20 mile radius will allow BizAuctions staff to deliver inventory daily to the 2nd Outlet-Retail store with minimal transportation issues. BizAuctions' busiest season typically begins in late October and runs through March of each calendar year due to the increased spending by consumers with the retailer-wholesalers that BizAuctions currently contracts with for the purchase of returns, overstocks, and close-outs on certain merchandise.
