Ableauctions to Double International User Base and Release Asian and European Versions of Its Live Auction Broadcasting Technology as It Continues to Expand Abroad.

FIFE, Wash. -- Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will release Asian and European versions of its live online auction broadcasting technology to cater to the respective foreign markets. The releases of the variations come amidst strong international interest in the Company's technology and the ability to adapt the technology to regional markets. The changes are also expected to provide the Company with increased international exposure and pave the way for global adoption of its online auction technology.

The Company, with existing installations and clients in the United Kingdom, Italy, Sweden, Spain, Germany, Hungary, South Africa and Australia, is expected to more than double its user base before year-end.

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.