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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?


To: PCSS who wrote (73816)12/14/1999 9:55:00 PM
From: Elwood P. Dowd  Read Replies (1) | Respond to of 97611
 
Tuesday December 14, 8:32 pm Eastern Time

Company Press Release

Compaq, Allaire and Telus Complete
Installation of Ableauctions.com's Primary
Internet Servers

BURNABY, B.C.--(BUSINESS WIRE)--Dec. 14, 1999--Ableauctions.com, Inc. (OTCBB:ABLCE - news)
is pleased to announce that the Compaq Computer Corporation (NYSE:CPQ - news), the Allaire
Corporation (Nasdaq:ALLR - news) and Telus (TSE,MSE:BTS), all strategic partners in the development
of the Company's Internet site, have completed the implementation of the Company's first battery of
servers and software in British Columbia.

The timely and successful implementation of the first phase of the servers enables Ableauctions.com to
better handle the heavy traffic sustained in past months. The Company is now able move forward in
running its silent auctions on ebay (Nasdaq:EBAY - news), the world's largest person-to-person trading
community.

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,
insolvency's and defaults. The Company's Internet Auction web site can be located at
www.ableauctions.com.

BY ORDER OF THE BOARD OF DIRECTORS

''Abdul Ladha'' . Abdul Ladha, President

NASD has neither approved nor reviewed the information contained herein.

For more information contact: Investor Relations 877/684-8444 invest@ableauctions.com Or visit
''Investor Relations'' at: www.ableauctions.com

Contact:

Ableauctions.com