BizAuctions Targets Top 100 Retailers For eBay Liquidation Contracts.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) announced it is targeting a number of the Top 100 U.S. retailers to provide its 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 to 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 excess inventory, distressed inventory, and other assets other assets Assets of relatively small value. For financial reporting purposes, firms frequently combine small assets into a single category rather than listing each item separately. . The Company has begun this initiative to solicit Liquidation Services Contracts with a number of Top 100 Retailer facilities. BizAuctions is a prime provider of commercial eBay liquidation services for excess inventory, returns, and 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, whose clients have included some of the nation's leading retail names. "We are more aggressively pursuing these leading retailers, some of which may be burdened by excess or distressed inventory up into the hundreds of millions of dollars on a companywide and annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis," noted Delmar Janovec, BizAuctions' 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. . "This market obviously presents a tremendous opportunity, and it is clear that companies of this magnitude are in need of services like ours. The market for excess inventory is ripe, and we see this initiative as a key aspect of our growth strategy. BizAuctions feels the revolution for enterprise-scale eBay liquidation of excess and distressed inventory is just beginning," Janovec concluded. The Top 100 retailers as ranked by STORES Magazine can be viewed at: http://www.stores.org/pdf/06%20JULY%201-100%20Chart.pdf Per this plan, BizAuctions is targeting a number of retail facilities of Top 100 retailers that may be suited to its service offering. BizAuctions has begun an introductory marketing program to solicit Liquidation Services Contracts with select Top 100 Retailer facilities. 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. Retailers, distributors, manufacturers and other parties in need of inventory liquidation services are encouraged to contact the BizAuctions Sales Department at (800) 961-3275 or sales@BizAuctions.com. A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml. The Company's clients have included some of the Nation's leading retail names at the forefront of their industries. With a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-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 "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 products, competition, limited service and manufacturing 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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