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BZCN News -- BizAuctions and and La Jolla Liquidation and Auction Open Outlet-Retail Store.

Tuesday, August 31, 2010 1:19 AM

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News for 'BZCN' - (BizAuctions and and La Jolla Liquidation and Auction Open Outlet-Retail Store)

Aug 31, 2010 (Close-Up Media via COMTEX) -- BizAuctions, Inc., a provider of
commercial eBay and Amazon liquidation services for excess inventories,
overstocks, and returns, and La Jolla Liquidation and Auction Co. announced the
Joint-Venture opened the BizAuctions-La Jolla Outlet Retail store in its current
warehouse-office in Otay Mesa, California on August 17.

According to a release, Delmar Janovec, BizAuctions' CEO, remarks, "The
BizAuctions-La Jolla Outlet store opened on Tuesday with modest sales that
exceeded expectations. The first six days of sales at the Outlet Store consisted
of some name brand clothing and general merchandise such as Polo, Levis, and
Lucky jeans, and Dyson, Bissell, Eureka, and Shark vacuum cleaners, Oster
blenders, Shark Home Irons, Samsonite luggage, Hamilton Beach coffee pots,
bedding, and other name brand household merchandise. Sales were approximately
$9,545.00, and with virtually no marketing. Once we add marketing and some name
brand electronics to the mixture of merchandise, I believe we could very easily
see sales of $5,000.00, per day, and probably much higher. On an annualized
basis that is approximately $1,325,000.00 in additional revenues that will
generate net profits and flow to the balance sheet. Customers represented a
cross section of clientele from BizAuctions eBay customers, other businesses
within the Corporate Business Center (where the warehouse-office is located),
customers from the California Department of Motor Vehicles (located adjacent to
the Corporate Center) and customers from the traffic flow on the 905-Otay Mesa
highway, all looking for quality brand name merchandise at a significant savings
from typical retail prices. All in all, it was a good opening first week of
sales that should continue to build each day with new and repeat customers."

Romy Ashjian, President of La Jolla Liquidation, comments, "I was optimistic the
Outlet Store would do fairly well in sales due to the quality of our name brand
merchandise and once there was some local marketing efforts put forth. Based
upon the first six (6) days of sales, and the satisfaction that I saw from the
customers of the pricing and quality of merchandise being purchased, I'm now
confident we can build a solid base of new customers each day and should see
sales topping $5,000.00, per day, and beyond, very soon."

"BizAuctions opened its 1st retail store on May 29, 2009 in the Chula Vista
Center in Chula Vista, CA, next to Macy's, an anchor store, and PacSun retail
stores, under the name of 'Lucky 7's' in order to sell its name brand higher-end
merchandise such as Polo, Ralph Loren, Buffalo and Lucky jeans, Ed Hardy shirts,
PING sports apparel, and other name brand clothing merchandise that brings
higher retail prices at Lucky 7's versus its customary outlet, its eBay and
Amazon business platforms," noted CEO, Janovec.

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