BizAuctions Enters into Agreement with La Jolla Liquidation & Auction Co

. April 8, 2010

BizAuctions, Inc., a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks and returns, enters into a Joint-Venture Agreement with La Jolla Liquidation & Auction Co. for the liquidation of the furniture, fixtures, and equipment from the Tropicana Hotel & Casino in Las Vegas, Nevada.
Delmar Janovec, CEO comments, “We are extremely thrilled to enter into this Joint-Venture agreement with La Jolla Liquidation & Auction Co. and to be part of the liquidation of the contents of this historic Las Vegas landmark.

La Jolla Liquidation and Auction Co. has the liquidation contract for the furniture, fixtures, and equipment from the Tropicana Hotel & Casino. The renovation of the Tropicana Hotel & Casino is being completed in phases with the renovation of approximately 800 suite-rooms, kitchen areas, banquet-conference areas, and meeting rooms, spa, and casino areas. Also included in the renovation and liquidation will be the antique stained-glass ceiling above the poker and craps tables in the main casino area of the Tropicana.

The Joint-Venture with La Jolla Liquidation & Auction Co. will be one of the largest liquidation projects that BizAuctions has taken on to-date. The Joint-Venture will require BizAuctions and La Jolla Liquidation & Auction Co. to hold weekly or bi-weekly auctions at our warehouse in Otay Mesa, CA. and possibly other facilities within the greater San Diego area as merchandise begins arriving. BizAuctions will select the most suitable merchandise and equipment to be sold on our eBay or Amazon platforms with the remaining merchandise-equipment to be sold through weekly or bi-weekly on-site auctions. The timeline for this liquidation project will encompass a period of nine (9) to twelve (12) months and should be a great project to increase revenues within our eBay and Amazon platforms as well as establishing on-site weekly or bi-weekly auctions.”

Janovec adds, “We are looking forward to working with La Jolla Liquidation & Auction Co. and their management on this unique project as their management brings over 25 years of liquidation experience to the Joint-Venture. The calendar year 2010 could very well prove to be an outstanding year for BizAuctions and the Joint-Venture.”

Romy Ashjian, President of La Jolla Liquidation & Auction Co. comments, “This Joint-Venture gives our company market expansion into other demographics of the United States and will also create opportunities in new revenue streams. We look forward to working with the management and staff of BizAuctions to accomplish this liquidation project for the Tropicana Hotel & Casino.”

“BizAuctions employs two primary business models, whereby it liquidates inventory through eBay and Amazon 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. BizAuctions consigns, buys inventory, and liquidates through eBay and Amazon platforms and its recently opened retail store, Lucky 7’s,” continues Janovec.

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 liquidation services to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate excess inventory on its eBay and Amazon platforms and its Lucky 7’s retail store.
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 http://www.bizauctions.com/

Category: Online Auctions

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