| Ableauctions.com seen in today's Globe and Mail -- Report on Business 
 Applies to -- ABLC -- AMZN -- BIDS -- EBAY -- ONSL -- UBID
 
 Ableauctions.com seen in today's Globe and Mail -- Report on Business
 
 BURNABY, B.C., Oct 18, 1999 (BUSINESS WIRE) -- Ableauctions.com, Inc.
 (OTC BB:ABLC) (the "Company), a high tech business-to-business and
 consumer auctioneer that conducts live auctions and simultaneously
 broadcasts them over the Internet, is pleased to announce that the
 company can be seen in today's Globe and Mail -- Report on Business, on
 page B6.
 
 There will be informative and up-to-date information on the Company as
 well as reference to the announcement released last Friday where eBay
 will host all of Ableauctions Silent Auction Inventory. The Globe and
 Mail is a well known financial publication with national distribution.
 
 About Ableauctions.com, Inc.
 
 Ableauctions.com is a high tech business-to-business and consumer
 auctioneer that conducts live auctions and simultaneously broadcasts
 them over the Internet. The Company liquidates a broad range of
 computers, electronics, office equipment, furniture, and industrial
 equipment acquired through bankruptcies, insolvencies, and defaults.
 Ableauctions.com's strategy is to position itself as a world class
 Internet auction company. Ableauctions.com can be found on the World
 Wide Web at www.ableauctions.com. Some of the other Company's that are
 in the Internet auction industry include: E-bay (Nasdaq:EBAY), Amazon
 (Nasdaq:AMZN), UBID (Nasdaq:UBID), Bid.com (Nasdaq:BIDS) and Onsale.com
 (Nasdaq:ONSL).
 
 Safe Harbor Statement
 
 Some statements in the report are forward looking and are subject to
 certain risks and uncertainties. These risks and uncertainties include,
 but are not limited to, economic conditions, changes in law or
 regulations, demand for products and services of the company and the
 effect of competition. These risks and uncertainties could
 significantly affect anticipated results in the future and actual
 results may differ materially from any forward-looking statements.
 
 Copyright (C) 1999 Business Wire.  All rights reserved.
 
 Distributed via COMTEX.
 -0-
 CONTACT:       North Star Communications
 Mitch Adam, Investor Relations: 1-877-684-8444
 invest@ableauctions.com
 www.ableauctions.com
 
 WEB PAGE:      businesswire.com
 
 GEOGRAPHY:     INTERNATIONAL CANADA NEW YORK
 
 INDUSTRY CODE: INTERNET
 COMPUTERS/ELECTRONICS
 RETAIL
 
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