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Auction Mills Inc. Opens Online Shopping Portal and Moves One Step Closer.


DALLAS Dallas, city (1990 pop. 1,006,877), seat of Dallas co., N Tex., on the Trinity River near the junction of its three forks; inc. 1871. The second largest Texas city, after Houston, and the eighth largest U.S.  -- Auction Mills Incorporated (Pink Sheets:AUML) announced today the opening of their online shopping portal. The company will continue to load new products into the store inventory as they arrive and become readily available. "Although we have not received our full inventory as of yet, I believe that we have some really great products on the new website and we will continue to load and offer even larger amounts of these electronics as they do arrive," said Jason Brola, Founder of Auction Mills, Inc.

Auction Mills has recently gone through a reorganization and changed their original business model of the eBay (eBay, Inc., San Jose, CA, www.ebay.com) The major auction service on the Web. eBay popularized the concept of buying and selling online, and both individuals and commercial enterprises list items for sale.  drop-off store to a more B-2-B approach and also has made additions to the company website to include the new "Daily Deal" and the retail shopping portal. The company will now focus on phase III Noun 1. phase III - a large clinical trial of a treatment or drug that in phase I and phase II has been shown to be efficacious with tolerable side effects; after successful conclusion of these clinical trials it will receive formal approval from the FDA  of the new business model which will include the ability to offer auction services to businesses with overstock o·ver·stock  
tr.v. o·ver·stocked, o·ver·stock·ing, o·ver·stocks
To stock more of (something) than necessary or desirable.

n.
An excessive supply.

Verb 1.
 and dead stock.

In an attempt to create more value for current investors and future investors alike, company insiders cancelled some 218,000,000 shares out of their own personal holdings. The total number of shares outstanding as of July July: see month.  9, 2005 is 107,075,000. "I believe that we have a real opportunity to build a great company that will supply the public as well as businesses with a variety of valuable services and the fact that Auction Mills has an estimated 5,000 shareholders seems to show that I don't stand alone in that belief," said Jason Brola, Founder of Auction Mills, Inc.

Auction Mills will start sending direct mail pieces out later this month. Starting next week, the company will kick-off some exciting new promotions and giveaways. Items to be given out as promotional prizes will include but not be limited to game consoles See video game console. , televisions, small appliances Small appliance refers to a class of home appliances that are semi-portable or which are used on tabletops, countertops, or other platforms. Such items are contrasted with major appliances, which are typically fixtures that cannot be easily moved. , and travel destinations. For those that would like to be considered for the prizes, you will need to register on the website. All of the details will be given out next week.

Companies that are interested in our "Sponsor of the Week" program and/or liquidating overstock and dead stock should contact info@auctionmills.com

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.
 

Matters discussed in this press release are "forward-looking statements." Statements describing objectives or goals or the company's future plans are also forward-looking statements and are subject to certain risks and uncertainties, including the financial performance of the company and market valuations of its stock, which could cause actual results to differ materially from those anticipated.

More information about Auction Mills Inc. is available at http://www.auctionmills.com.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Aug 9, 2005
Words:430
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