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AAC - iCollector Partners with eBay Live Auctions to Enhance Live Auction Services



Business Editors/High-Tech Writers

FIFE, Wash.--(BUSINESS WIRE)--July 20, 2004--Ableauctions.com Inc.
(AMEX:AAC) (the "Company") announced today that its wholly owned
subsidiary iCollector.com Technologies Ltd. has partnered with eBay
Live Auctions to provide referred auction houses with support in
running auctions on eBay Live Auctions.
Under eBay Live Auction's seller referral program, eBay Live
Auctions will refer strategic sellers and auction houses to iCollector
for technology solutions and auction tools to enhance live auction
platform services. Since inception, eBay Live Auctions has seen a
dramatic growth in the live auction sector and continues to explore
new ground with iCollector.
The Company also announced today that it has concluded
negotiations with eBay and expects to announce a long-term agreement
with eBay regarding the broadcast of live auctions on the Internet.

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions
live and simultaneously broadcasts them over the Internet. With the
experience of over 3,000 auctions, the Company has developed
state-of-the-art technology to broadcast Internet auctions
(www.ableauctions.com/technology) and currently provides technology
and related services to auction houses, enabling them to broadcast
auctions over the Internet. For a comprehensive Corporate Update and
prior releases, visit www.ableauctions.com. For more information,
contact Investor Relations at [e-mail].

About iCollector.com

iCollector.com is a wholly owned subsidiary of Ableauctions and is
the independent connection to the world's auction houses. It was the
first company dedicated to trading antiques, fine art and premium
collectibles on the Internet and today represents some of the world's
leading auction houses. Since January 2001, it has broadcast hundreds
of live auctions in real-time on eBay Live Auctions, directly from the
salesroom as the auction happens. iCollector can help you find, buy or
sell art, antiques and collectibles online.

This press release contains forward-looking statements,
particularly as related to, among other things, the business plans of
the Company, statements relating to goals, plans and projections
regarding the Company's financial position and the Company's business
strategy. These forward-looking statements fall within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Act of 1934 and are subject to the safe harbor created by
these sections. Such forward-looking statements are based on current
expectations, involve known and unknown risks, a reliance on third
parties for information, transactions or orders that may be cancelled,
and other factors that may cause our actual results, performance or
achievements, or developments in our industry, to differ materially
from the anticipated results, performance or achievements expressed or
implied by such forward-looking statements. Factors that could cause
actual results to differ materially from anticipated results include
risks and uncertainties related to the performance of our on-line
auction business, our ability to implement our inventory procurement
strategy, general economic conditions, our ability to license our
software to other auction houses, our ability to acquire profitable
companies and integrate them into our business successfully and other
factors that are detailed in our Annual Report on Form 10-KSB and on
documents we file from time to time with the Securities and Exchange
Commission. The Company disclaims any intention or obligation to
update or revise any forward-looking statements, whether as a result
of new information, future events or otherwise. Actual results may
differ materially from the Company's expectations and estimates. The
Company does not realize nor book the full revenue of auctions that it
facilitates in its financials, only the net auction fees, that can
vary from time to time, that it realizes.

--30--SAM/se*

CONTACT: Ableauctions.com Inc.
Thorsten Bonn, 604-521-3369

KEYWORD: WASHINGTON INTERNATIONAL CANADA
INDUSTRY KEYWORD: E-COMMERCE INTERNET PRODUCT
SOURCE: Ableauctions.com Inc.

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Jul-20-2004 13:30 GMT
Symbols:
DE;AA7 DE;AA7F US;AAC
Source BW Business Wire
Categories:
MST/I/NET MST/I/SVC MST/L/EN MST/R/CA MST/R/US/WA MST/S/PDT TGT/BWN