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.
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
eBay and Amazon commercial 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 Amazon, 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 and Amazon liquidation
services to Fortune 1000 enterprises, BizAuctions is a clear and
lucrative solution for most any business to liquidate its excess
inventory.
The Company encourages the public to read the above information
in conjunction with its year-end statement for December 31, 2009, and the quarterly statements
filed in calendar year 2010, and 2009, 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.
SOURCE BizAuctions, Inc.