Ableauctions on eBay.BURNABY, British Columbia--(BUSINESS WIRE)--Oct. 14, 1999-- Ableauctions.com(TM) Inc. is pleased to announce that all of its Silent Auctions will be hosted on eBay(R), the world's largest person-to-person trading community. All of AbleauctionS' inventories in the Silent Auction portion of its website will be listed simultaneously on eBay's web site and servers. Users logging on to "www.ableauctions.com" and selecting "Silent Auction" will be linked to a specific site on eBay's servers. Users logging on the website "www.ebay.com" will be able to preview and bid on Ableauctions' entire inventory and link to the Charity Auctions and the schedule of the Live Video Broadcast auctions on the Ableauctions site. The first joint auction, featuring a giant computer and electronics liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy , is expected to take place early November, following Compaq's and Allaire's implementation of the Ableauctions site. Compaq is implementing a fault tolerant The ability to continue non-stop when a hardware failure occurs. A fault-tolerant system is designed from the ground up for reliability by building multiples of all critical components, such as CPUs, memories, disks and power supplies into the same computer. server farm specifically designed for Ableauctions.com utilizing its Distributed Internet Server Array (DISA 1. (body) DISA - Defense Information Systems Agency. 2. (standard) DISA - Data Interchange Standards Association. ) technology. The Allaire Corporation Allaire Corporation was a computer software company founded by Jeremy and JJ Allaire in Minnesota, later headquartered in Cambridge, then Newton, Massachusetts. It commenced operations in May of 1995, had its initial public offering on NASDAQ (trading as ALLR) in January 1999, and , based in Cambridge, Mass., is implementing application development and server software for Ableauctions enterprise-scale application. The company's products enable high-volume, transaction-oriented applications for electronic commerce. The deployment of the Ableauctions site marks the first and most extensive design that the Allaire Corporation and Compaq Computer Corporation (company) Compaq Computer Corporation - The largest US manufacturer and vendor of IBM PC compatible personal computers and servers. Compaq was started in 1982 by three ex-Texas Instruments employees. Quarterly sales $2499M, profits $210M (Aug 1994). http://compaq.com/. have jointly collaborated on. It is expected to pave the way to successive implementations. These alliances are an integral component of Ableauctions.com's strategy to position itself as a world class Internet Auction Company. Ableauctions.com is a high tech business-to-business auctioneer that conducts its auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of computers, electronics, office equipment, furniture and industrial equipment that it acquires through bankruptcies, insolvencies and defaults. Ableauctions and Ableauctions.com are trademarks of Able Auctions Inc. All other company names, brand names and product names are trademarks of their respective holder(s). 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 the business plans of the Company, 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 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. Actual results may differ materially from the Company's expectations and estimates. BY ORDER OF THE BOARD OF DIRECTORS "Abdul Ladha" Abdul Ladha, President NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). has neither approved nor reviewed the information contained herein. |
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