Ableauctions Heavy Machinery Auctions Realize $2,100,000 in Internet Sales

. July 26, 2007

Ableauctions.com (AMEX:AAC) announced today that Stephen Passy and Associates’ July 12th, 2007 and July 18th, 2007 auctions, broadcast through NAALive.com, realized over $2,100,000 in combined online sales with Internet bidding influence exceeding $3,800,000. Highlights of the auctions included the following Internet sales:

Caterpillar D10T crawler tractor – $865,000

Power curber 5700B super crawler curb & gutter machine – $125,000

Caterpillar 930G wheel loader – $105,000

Caterpillar 930G wheel loader – $100,000

Caterpillar D5N LGP crawler tractor – $80,000

Stephen Passy, President and Founder of Stephen Passy & Associates, has over thirty-two years of experience in the auction industry. As Vice President of the construction and Trucking Division of Max Rouse & Sons, Inc. Stephen was involved in over $3 billion dollars in auction sales around the globe. In 1991 he formed Stephen Passy & Associates which grossed over $60 million dollars. Forke Auctioneers hired him in 1997 and in three years achieved annual gross revenues of $59 million, and the highest net profit single transaction in Forkes’ 78-year history. He reactivated Stephen Passy & Associates, Inc. in 1999 and produced gross revenues exceeding $55 million in the first 20 months of business.

About NAALive

NAALive is an Internet-based broadcast service for NAA members who conduct real auctions. Utilizing NAALive’s real-time software, auction houses broadcast over the Internet and online bidders participate in live auctions as if they were physically present at the auction. NAALive also enables bidders to review auction catalogs and place absentee bids prior to an event. NAALive is rapidly becoming the standard for live Internet auctions and the premiere Web site for consumer access to the auction industry. This means thousands more potential bidders for your auctions.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and on-line auction facilitator that operates the domains iCollector.com, Naalive.com and Unlimited Closeouts.com.

As an on-line auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

Category: Auction News

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