BizAuctions Sets Sights on $1.3 Trillion Pool of Inventory
for eBay Liquidation
SAN DIEGO--(BUSINESS WIRE)--BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventories, today reflected on the U.S. Department of Commerce’s Manufacturing and Trade Inventories and Sales report, where the total pool of manufacturers’ and trade inventories exceeded $1.3 trillion.
An excerpt from the September 14th report, which released trailing data for July 2006, outlined that “Manufacturers’ and trade inventories adjusted for seasonal variations but not for price changes, were estimated at an end-of-month level of $1,347.3 billion, ... up 7.4 percent (+/-0.4%) from July 2005.”
Delmar Janovec, CEO of BizAuctions, noted, “We view any increase in inventories as a potential positive sign for business, even when sales escalate as they did here, because inventory surges may indicate trickledown growth in excess inventories.
“Excess inventories continually plague retailers and manufacturers with a tremendous financial burden to the tune of $60 billion, in addition to the notion that they spend hundreds of millions of dollars in inventory carrying costs alone.
“BizAuctions addresses this $60 billion problem with our commercial eBay liquidation services, which provide our clients a channel to generate cash flow on excess inventory while at the same time freeing up their valuable storage and retail space,” Janovec concluded.
Readers are encouraged to review the full report with Inventories, Sales, and Inventories/Sales ratio released September 14, 2006, which can be viewed at: census.gov.
A virtual tour of BizAuctions’ facilities and flash video presentation can be viewed at: bizauctions.com.
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. Currently offering services in select Southern California areas, BizAuctions plans to begin offering services nationwide in the near future.
BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment 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, 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 at investors@BizAuctions.com or (800) 961-3275. A virtual tour of BizAuctions’ facilities and flash video presentation can be viewed at bizauctions.com.
ABOUT BIZAUCTIONS – ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. 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 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. The company’s information and disclosure statement as well as select financial data can be found at bizauctions.com.
Contacts
BizAuctions, Inc.
Investor Relations, 800-961-3275
investors@bizauctions.com
www.BizAuctions.com
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