BizAuctions Now Offering eBay Liquidation Services Nationwide.SAN DIEGO San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. -- BizAuctions, Inc. (Pink Sheets:BZCN), a prime provider of commercial eBay 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 services for excess inventory, 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. items, and returns for retailers, distributors, and manufacturers, announced that it is now offering its eBay liquidation services nationwide. The Company has begun the nationwide initiative to solicit Liquidation Services Contracts with select Fortune 500 company facilities in more than 30 towns/cities in 25 states. "We have begun offering our eBay liquidation services across the nation, and we feel that evaluating projects nationwide will open new doors and new revenue channels that we have not had access to before," explained Delmar Janovec, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of BizAuctions. "BizAuctions has taken tremendous steps towards growth, and we expect that trend to continue as we ramp up Ramp Up To increase a company's operations in anticipation of increased demand. Notes: A company might 'ramp up' operations if they just signed a contract creating substantially more demand for their product. See also: Demand, Economies of Scale our efforts. We feel that the revolution for enterprise-scale eBay liquidation of excess and distressed inventory is just beginning, and we are working to position ourselves to capture as much of that growth as possible. "It is estimated that various companies across the nation are sitting on $60 billion worth of excess inventory, and we strive to help those companies liquidate To pay and settle the amount of a debt; to convert assets to cash; to aggregate the assets of an insolvent enterprise and calculate its liabilities in order to settle with the debtors and the creditors and apportion the remaining assets, if any, among the stockholders or owners of the that excess inventory. We are aggressively pursuing that $60 billion market opportunity," Janovec concluded. Retailers, manufacturers, or distributors in need of BizAuctions' eBay liquidation services are encouraged to view a virtual tour of BizAuctions' facilities and flash video presentation at http://www.bizauctions.com/tour.shtml. Additionally, those parties may contact the BizAuctions Sales Department at 800-961-3275 or sales@BizAuctions.com. Previously BizAuctions has not pursued or entertained nationwide projects because management wished to develop its core on a local/regional level. While this continues, it will now entertain projects from companies across the U.S., based on the merits on the merits adj. referring to a judgment, decision or ruling of a court based upon the facts presented in evidence and the law applied to that evidence. A judge decides a case "on the merits" when he/she bases the decision on the fundamental issues and considers of each opportunity that may be presented. BizAuctions has begun an introductory marketing program to solicit Liquidation Services Contracts with select Fortune 500 company facilities in more than 30 towns/cities in 25 states. Because business development outside of the current service areas will be limited, and because nationwide projects may entail entail, in law, restriction of inheritance to a limited class of descendants for at least several generations. The object of entail is to preserve large estates in land from the disintegration that is caused by equal inheritance by all the heirs and by the ordinary operational challenges, there is no assurance that the Company's solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual efforts will be successful. Nationwide projects will be evaluated on a case-by-case basis on variables including, but not limited to, inventory volume, geographic location, type of inventory, facilities requirements, inventory dollar value, transport viability, capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. , and transport cost; as well as compliance with any state and/or local laws. The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on eBay. At $60 billion, BizAuctions is targeting an enormous market while helping companies solve one of their greatest problems. BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment The delivery of goods to a carrier to be shipped to a designated person for sale. A Bailment of goods for sale. A consignment is an arrangement resulting from a contract in which one person, the consignor, either ships or entrusts goods to another, the for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. We consign consign v. 1) to deliver goods to a merchant to sell on behalf of the party delivering the items, as distinguished from transferring to a retailer at a wholesale price for re-sale. Example: leaving one's auto at a dealer to sell and split the profit. , we buy, and we liquidate through eBay! BizAuctions' operations are designed for maximum capacity to handle most any eBay liquidation project. Whether the client is a Fortune 500 company with 1,000 items or a small business with 100 items, BizAuctions can take on most any project and recover funds from clients' excess inventory. More information is available at www.BizAuctions.com. Investors and media can receive a free investor kit for BizAuctions, Inc. by contacting Investor Relations Investor relations The process by which the corporation communicates with its investors. at investors@BizAuctions.com or 800-961-3275. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml. About BizAuctions - Addressing the $60 Billion Problem BizAuctions, Inc. (Pink Sheets:BZCN) is a prime provider of commercial eBay liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries. BizAuctions addresses the $60 billion excess inventory problem for clients by sending trucks to pick up pallets of excess inventory, selling the inventory on eBay, and collecting payment. We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space. With a long-term strategy to provide eBay liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory on eBay. The information contained in this press release may include 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. . Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein. |
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