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BizAuctions-Lucky 7's Signs Letter of Intent for Outlet-Retail Store in San Ysidro, CA

SAN DIEGO, Dec. 15, 2010 SAN DIEGO, Dec. 15, 2010 /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 progress is being made on the terms of the lease for our 2nd Outlet Store that is to be located in San Ysidro, CA. Delmar Janovec, BizAuctions' CEO, comments, "We have entered into a non-binding Letter of Intent with the landlord on the terms of the lease for our 2nd Outlet-Retail store (Lucky 7's Outlet) that is located in San Ysidro, CA. After the necessary tenant improvements and final approval of the lease by the landlord, the outlet-retail space should be available for occupancy February 1, 2011. The new Outlet-retail store is located within approximately one half mile of the USA/Mexico border crossing on the 805 highway that averages approximately 35,000 passenger cars per day and approximately 18,000 pedestrians that cross the US/Mexico border in cars and on foot. The size of the retail space is about 4,000 sq. ft. in size and will allow BizAuctions-Lucky 7's the ability to sell name brand clothing, general merchandise, and electronics. Based upon our sales trend since the mid-August opening of the Outlet store located in our current warehouse-office in Otay Mesa, and November sales of $44,982 combined with the traffic count crossing the border each day, I anticipate seeing daily sales from $5,000 to $10,000. Our customer base continues to grow briskly due to the variety of name brand merchandise that we offer in clothing, household items, appliances, and name brand electronics such as Sony, Toshiba, Panasonic, Vizio, Sharp, and Samsung - all at prices significantly below retail. With the progress that has been made since the opening of our current Outlet-Retail store, and the location of this 2nd Outlet-retail store, calendar year 2011 and beyond looks positive." (For photos of our current Outlet Store, please view the attached link at, http://www.bizauctions.com/outlet/ ) "BizAuctions recently closed its retail store in the Chula Vista Center, in anticipation of opening a new larger location, under the name of "Lucky 7's Outlet" in order to sell its name brand higher-end clothing such as Polo, Ralph Loren, Buffalo and Lucky jeans, Ed Hardy shirts, PING sports apparel, O'Neill, and other name brands, general merchandise, household products, and appliances, and some electronics that will generally bring higher retail prices versus its customary eBay and Amazon business platforms, noted CEO, Janovec." 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.