Ableauctions - Superior Galleries' 'Pre-Long Beach Elite Coin Auction' Sells over $100,000 to the Internet and Attracts Almost 600 Registered Bidders.
BEVERLY HILLS Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. , Calif. -- Ableauctions.com (AMEX AMEX
See: American Stock Exchange :AAC (Advanced Audio Coding) An audio compression technology that is part of the MPEG-2 and MPEG-4 standards. AAC, especially MPEG-4 AAC, provides greater compression and better sound quality than MP3, which also came out of the MPEG standard. ) announced today that the Superior Galleries' "Pre-Long Beach Elite Coin Auction" sold over $100,000 to the Internet and attracted almost 600 registered bidders on eBay Live Auctions through its subsidiary iCollector.com. Highlights of the event included the following Internet sales:
1796 Liberty Cap 1C S-81 R3- NGC NGC New General Catalogue (of Nebulae and Star Clusters; astronomy)
NGC National Geographic Channel (TV)
NGC National Guideline Clearinghouse MS61 BR $16,000.00
Congressional Medal for the Conquest of Yellow Fever yellow fever, acute infectious disease endemic in tropical Africa and many areas of South America. Epidemics have extended into subtropical and temperate regions during warm seasons. $9,000.00
1915-S Panama-Pacific Gold $1 PCGS PCGS Professional Coin Grading Service
PCGS Placer County Genealogical Society (California) MS66 $3,250.00
Bechtler, $5 N.C., w/* ANACS ANACS American Numismatic Association Certification Service (coin grading service)
ANACS Association of Nurse Advocates for Childbirth Solutions Dtls EF45 Damaged $2,750.00
1869 Shield 5C PCGS Proof 66 $1,300.00
Superior Stamp & Coin was founded by Isadore Goldberg in 1930. In 2001, Superior was acquired by Silvano DiGenova, a self-made millionaire in rare coins by the age of 21. He is a recognized leader in the industry, having been instrumental in the creation of the Professional Coin Grading Service The Professional Coin Grading Service (PCGS) is a third-party appraisal service for grading rare coins. It determines the condition and authenticity of each coin it grades to provide consumers with an independent knowledgeable rating on which to judge the coin. , the organization that first established the industry standards for coin grading In coin collecting, coin grading is the process of determining the grade or condition of a coin, the key factor in its value as a collector's item. Overview . Superior Galleries is owned by the Stanford Financial Group, which holds 57% of their stock. Stanford Financial Group made an initial investment in Superior Galleries in 2001 and bought a controlling interest controlling interest
The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in 2003. Stanford Financial Group also provides the company with a line of credit that gives them the ability to offer flexible terms to their customers and acquire virtually any numismatic nu·mis·mat·ic
1. Of or relating to coins or currency.
2. Of or relating to numismatics.
[French numismatique, from Late Latin numisma, numismat-, rarity that may become available
iCollector.com is the pre-eminent supplier of live online auction technology and services to some of the world's most prestigious galleries and industrial auction houses and operates one of the largest eBay Live Auction sales and support centers in the world. It is the only auction technology company to be endorsed by the National Auctioneers Association The National Auctioneers Association (NAA) is a group of auctioneers, auction businesses and related companies that seeks to promote the auction method of marketing and the practice of auctioneering in the United States The NAA is an interest group.. (NAA NAA
Nomina Anatomica Avium. ) and has partnered with eBay Live Auctions in streamlining the process of broadcasting auctions real-time on the Internet. iCollector's technology enables auction houses to open their establishments to the world by allowing online bidders to participate in real-time on the auction floor.
Visit www.icollector.com or (www.icollector.com/ourTechnology.aspx)
Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and on-line auction facilitator that operates the domains iCollector.com, Naalive.com and Unlimited Closeouts.com.
As an on-line auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.
As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.
For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations Investor relations
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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. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. 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 staff, loss of management personnel, an inability to obtain financing as and when we need it, competition from other on-line auction businesses, our ability to implement or manage our expansion 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. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. E.&O.E.