BizAuctions Sales Increase 29% for Eleven Months, Ended November 30, 2008
December 15 2008 - 6:20AM
Business Wire
BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of
commercial eBay liquidation services for excess inventories and
overstocks, announced today that its eleven-month revenues
year-over-year increased approximately 29% over the same period in
calendar year, 2007. Delmar Janovec, CEO, remarked, �BizAuctions
revenues increased to approximately $3,075,797 for the eleven
months ending November 30, 2008, representing an increase of
approximately $698,192 or a 29% increase over the same eleven-month
period in 2007.� �We feel that year-over-year revenue growth of 29%
for these eleven months is powerful even in a more healthy economy,
so we feel very good about the 29% year-over-year revenue increase,
in this challenging environment,� Janovec added. Management is
pleased with the growth since the inception of the Company, and�is
dedicated to building a major operation that will have a
significant and positive impact on corporate America. Although the
Company has not achieved profitability, and even though the monthly
revenue ended November 30, 2008 decreased, this 29% year-over-year
increase for the eleven-month period demonstrates the overall
growth the Company has shown since its inception. With the excess
inventory market near $60 billion, BizAuctions is targeting an
enormous market and business opportunity while helping companies
solve one of their greatest problems. 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
www.BizAuctions.com. Investors and media can receive a free
investor kit for BizAuctions, Inc. by contacting Investor Relations
at investors@BizAuctions.com 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, 2007, and
the quarterly statements filed in calendar year 2008, at
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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