Ableauctions Announces Heritage Coin to Broadcast $25 Million Auction Through iCollector.Business Editors FIFE, Wash.--(BUSINESS WIRE)--Dec. 10, 2003 Ableauctions.com Inc. (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. ) (the "Company") announced today that Texas based Heritage Galleries & Auctioneers, the largest dealer and auctioneer AUCTIONEER, contracts, commerce. A person authorized by law to sell the goods of others at public sale. 2. He is the agent of both parties, the seller and the buyer. 2 Taunt. 38, 209 4 Greenl. R. 1; Chit. Contr. 208. 3. of collectibles including rare coins, currency, comics, movie posters and illustration art in the world, will broadcast one of their largest coin auctions in history through iCollector starting January 7, 2004. Heritage will hold four separate auctions of US coins, currency and world coins in January 2004 and expects sales to exceed $25,000,000. Amongst the featured items will be the Green Pond Collection, a complete set of the gold coins Gold coins Coin minted in gold, such as the American Eagle or the Canadian Maple Leaf. produced at the Dahlonega Mint The Dahlonega Mint was chartered by the United States Congress and erected in 1837, in the mining town of Dahlonega, Georgia, during the first North American gold rush known as the Georgia Gold Rush. . The collection holds dual PCGS PCGS Professional Coin Grading Service PCGS Placer County Genealogical Society (California) Registry leadership as the #1 Current and #1 All-Time Finest Dahlonega Collections. The Green Pond Collection, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Heritage President Greg Rohan, "is one of the finest complete collections of the gold rarities minted in Dahlonega. Overall, the quality is simply incredible. Many of the coins are the finest known survivors, and virtually every example is Condition Census -- and most of those are low on the list. The Green Pond pedigree will be further enhanced by the fact that nearly every rarity is also a plate coin in the second edition of Doug Winter's Gold Coins of the Dahlonega Mint, 1838-1861." The Signature Sale takes place in Orlando January 7-10, 2004 and will be broadcast through the services of iCollector. About Ableauctions.com Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of 3,000 auctions, the Company has developed its own 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. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations Investor relations The process by which the corporation communicates with its investors. at investorrelations@ableauctions.com. About iCollector.com iCollector.com is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ableauctions and is the independent connection to the world's auction houses. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. Since January 2001, it has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from the salesroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online. This press release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , particularly as related to, among other things, the business plans of the Company, statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc goals, plans and projections regarding the Company's financial position and the Company's business strategy. These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Act of 1934 and are subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by these sections. Such forward-looking statements are based on current expectation, involve known and unknown risks, a reliance on third parties for information, uncertainties 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 auction houses, our ability to implement our inventory procurement 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. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results may differ materially from the Company's expectations and estimates. |
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