BizAuctions Sales of Cell Phones and Accessories Was a Hit With Customers This Holiday Season
SAN DIEGO, Jan. 7 /PRNewswire-FirstCall/ -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, overstocks and returns, purchase of cell phones and accessories for resale was a big hit during the Holiday Season
Delmar Janovec, CEO comments, "BizAuctions, a Titanium Powerseller, on eBay through its eBay store name: BusinessAuctions Inc, the purchase of cell phones and accessories that were once inventory for a Regional Distributor with a retail price of approximately $470,000.00 was a big hit with its customer base during the Holiday Season. BizAuctions sold approximately 27% of the cell phones at prices ranging from $47.00 to $317.00 per phone and approximately 5% of the accessories ranging from $17.00 to $37.00, per item, generated sales for these items approaching $70,000.00. BizAuctions has almost recouped the initial investment for the cell phones and accessories utilizing only a small percentage of the inventory purchased in December. Management and staff continue to be committed in providing an assortment of name brand merchandise for its customers and providing excellent customer service as is noted in its eBay positive feedback rating of 99% with over 41,000 positive feedbacks received from customers."
"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, its recently opened retail store, Lucky 7's, and soon through its recently announced Letter of Intent with Midwest Outlet Centers," 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 http://www.bizauctions.com/. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations at 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) 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 2009, at http://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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