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Technology Stocks : ABLC - Ableauctions.com - EBAY with an attitude! -- Ignore unavailable to you. Want to Upgrade?

To: hammer who wrote (46)	10/15/1999 12:14:00 AM
From: LES READ	Read Replies (3) \| Respond to of 70

ABLEAUCTIONS ON EBAY(R) ABLEAUCTIONS ON EBAY(R) BURNABY, British Columbia, Oct 14, 1999 /PRNewswire via COMTEX/ -- Ableauctions.com(TM) Inc. (OTC Bulletin Board: ABLC) is pleased to announce that all of its Silent Auctions will be hosted on eBay(R), the world's largest person-to-person trading community. All of Ableauctions' inventories in the Silent Auction portion of its website will be listed simultaneously on eBay's web site and servers. Users logging on to "www.ableauctions.com" and selecting "Silent Auction" will be linked to a specific site on eBay's servers. Users logging on the website "www.ebay.com" will be able to preview and bid on Ableauctions' entire inventory and link to the Charity Auctions and the schedule of the Live Video Broadcast auctions on the Ableauctions site. The first joint auction, featuring a giant computer and electronics liquidation, is expected to take place early November, following Compaq's and Allaire's implementation of the Ableauctions site. Compaq is implementing a fault tolerant server farm specifically designed for Ableauctions.com utilizing its Distributed Internet Server Array (DISA) technology. The Allaire Corporation, based in Cambridge, Mass., is implementing application development and server software for Ableauctions enterprise-scale application. The company's products enable high-volume, transaction-oriented applications for electronic commerce. The deployment of the Ableauctions site marks the first and most extensive design that the Allaire Corporation and Compaq Computer Corporation have jointly collaborated on. It is expected to pave the way to successive implementations. These alliances are an integral component of Ableauctions.com's strategy to position itself as a world class Internet Auction Company. Ableauctions.com is a high tech business-to-business 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. Ableauctions and Ableauctions.com are trademarks of Able Auctions Inc. All other company names, brand names and product names are trademarks of their respective holder(s). 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 Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. For more information, contact Investor Relations of Ableauctions.com Inc., 1-877-684-8444, or invest@ableauctions.com . SOURCE Ableauctions.com Inc. (C) 1999 PR Newswire. All rights reserved. prnewswire.com -0- CONTACT: Investor Relations of Ableauctions.com Inc., 1-877-684-8444, or invest@ableauctions.com WEB PAGE: ebay.com ableauctions.com GEOGRAPHY: British Columbia Massachusetts INDUSTRY CODE: MLM SUBJECT CODE: OTC