Ableauctions Releases Enhanced Version of Its NAALive Auction Broadcasting Technology -- Incorporating New Bidding and Broadcasting Functions.

FIFE, Wash. -- Ableauctions.com Inc. (AMEX:AAC) (the "Company") has released an enhanced version of its successful online auction broadcasting software NAALive (www.naalive.com). NAALive, a joint venture between Ableauctions and the National Auctioneers Association (NAA) to provide online auction broadcast technology to the association's 6,000 members, utilizes the Company's real-time software to enable auction houses to broadcast their auctions live over the Internet.

This release of the latest software features several important new enhancements that were identified in collaboration with auctioneers and the members of the NAA, and will be unveiled systematically and in conjunction with new servers over the course of the next month. Included in the enhancements are built-in self serve tools that allow auctioneers to quickly and easily setup single or multi-session auctions, offer telephone, absentee and proxy bidding, and better handle catalogue import, bidder approval process and communication with bidders. Fundamentally, the enhancements enable the Company to handle a greater number of auctions simultaneously, schedule multi-ring auctions, and integrate several geographically displaced auctions seamlessly as one complete auction. As auctioneers routinely sell large quantities of multiple products, the ability to quickly and easily group lots and offer bidders the choice of selecting any one of the multiple lots is essential in running a brisk auction. The latest release of the technology offers enhanced features for "choice bidding" or "grouping".

Other enhancements include the addition and integration of a statistics module that facilitates the tracking of auction traffic and the management of bidder data for statistical and demographic reports. Also incorporated is a training module that enables first time bidders and auctioneers to learn the system and participate in monthly gift auctions designed to educate association members.

Ableauctions is committed to engineering the de facto industry standard solution for online auctioneers and is committed to continuously improve its technology through its technical expertise and collaboration with auctioneers.

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 over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides 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 at [e-mail].

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. These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. 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 on-line auction business, 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. The Company does not realize nor book the full revenue of auctions that it facilitates in its financials, only the net auction fees, that can vary from time-to-time, that it realizes.