Ableauctions to Conduct the Single Largest Server Auction in the History of the Company.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov. 9, 2001 Ableauctions Selects eBay Live Auctions Technology to Enable Real-time Online Bidding Ableauctions.com(TM), 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, having completed 16 of the 23 live auctions scheduled to run on eBay's live auction technology, the Company has scheduled the single largest computer and server auction in the history of the company on eBay Live Auctions. The giant two day computer auction, scheduled on Nov. 15, 2001 and Nov. 16, 2001, is to be run on eBay Live Auctions, a special area of eBay, The World's Online Marketplace(TM) (www.ebay.com; NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : EBAY) that allows individuals to place real-time online bids on items available at traditional live auctions. The sale by Ableauctions includes over 300 servers, 300 networking devices plus hundreds of computers. One of the servers is the dazzling Sun Enterprise Ten Thousand, the most powerful server Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. manufactures. The server is expected to fetch a fraction of its $1.5 million retail value. The goods to be auctioned are the assets of one of the largest ISPs in the US. Details and instructions on placing bids using eBay Live Auctions to participate in the sale are available at www.ebayliveauctions.com. Bidders must first sign up for the event online as a registered eBay user, and comply with the seller's user verification requirements. Before placing bids using Live Auctions, users can browse (1) To view the contents of a file or a group of files. Browser programs generally let you view data by scrolling through the documents or databases. In a database program, the browse mode often lets you edit the data. See Web browser. catalogues for upcoming sales. Users place bids before and during a live event. Once received, these bids are sent to the saleroom during each traditional auction. About Ableauctions and iCollector Ableauctions is a high tech business-to-business and consumer 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. that conducts auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of products including computers, electronics, office equipment, furniture and industrial equipment that are acquired through bankruptcies, insolvencies and defaults. iCollector was founded in 1994 and provides an indexed catalogue of art, antiques and collectibles for over 300 auction houses, dealers and galleries in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Europe and the United Kingdom and facilitates transactions by broadcasting live auctions over the Internet in conjunction with eBay Live Auctions. The company represents hundreds of the world's premier auction houses and some of the world's most reputable rep·u·ta·ble adj. Having a good reputation; honorable. rep  u·ta·bil dealers and galleries. On a typical day over 25,000 art
works, antiques and collectibles are available to be bid for and bought
on iCollector's website.
This release and prior releases are available on the Company's Internet Auction web site located at www.ableauctions.com. 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 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 involve known and unknown risks, 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 The fancy word for "purchasing." The procurement department within an organization manages all the major purchases. strategy, general economic conditions, our ability to license our software to other auction houses, and other factors that are detailed in our Annual Report on Form 10-KSB filed 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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