Ableauctions.com Inc.'s Recently Acquired Auction Facility Paves Way to Record Revenues; First Auction Grosses Approximately $450,000.Business Editors & Internet Writers BURNABY, B.C.--(BUSINESS WIRE)--April 10, 2000 Ableauctions.com(TM), Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABLC ABLC Affect-Based Language Curriculum ABLC Amphotericin B Lipid Complex ABLC Absorbing Branch-Line Coupler ) (the "Company") announced today that its first auction in its newly acquired 56,000 sq. ft. high tech auction house (formerly known as Mesler's) in Scottsdale, Arizona Scottsdale (O'odham Vaṣai S-vaṣonĭ) is a city in Maricopa County, Arizona, United States, adjacent to Phoenix. Scottsdale has become internationally recognized as a premier and posh tourist destination, while maintaining its own identity and culture as " , generated record revenues. The antique auction held March 26, 2000, generated approximately US$500,000 in revenue, more than double the average auction. Gross profits from the sale were $139,224 (32%), consistent with management's expectations. The newly acquired facility is still being retrofitted to handle live video broadcasts and will serve as the Ableauctions.com flagship auction site for the company's roll out strategy in the United States. In light of this auction taking place during the acquisition period, profits from the first auction were shared equally between the previous owners of Mesler's and Ableauctions.com. About Ableauctions.com Ableauctions.com is a high tech business-to-business and consumer 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. The Company's Internet Auction web site can be located at www.ableauctions.com. This press release contains forward-looking statements, 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. Actual results may differ materially from the Company's expectations and estimates. This release and prior releases are available on the KCSA KCSA Krannert Center Student Association KCSA Kentucky Crushed Stone Association (Frankfort, KY) KCSA Kyiv City State Administration KCSA Kalamazoo Christian School Association KCSA Kentucky-Canadian Studies Association Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most Worldwide website at www.kcsa.com. |
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