Hodgins Auctioneers Reports 23 Percent Increase in Revenues

Hodgins Auctioneers Inc. (TSX VENTURE:HA) (www.hodginsauctioneers.com), a provider of professional auction services for clients across North America, is pleased to announce that Revenues for the six month period ended June 30, 2007 increased by 23 Percent to $2,682,854.


Hodgins Auctioneers six month year to date system sales were $36,387,955 an increase of 22.6 % over the same period last year. These system sales have generated $2,682,854 in Revenue for the company, an increase of 23% over last year. The company’s net income for the first six months is $600,897 an increase of $400,711 or 300% from 2006 when the net income for the first 6 months was $200,186.

“The company is pleased with the results of our six month period, for the fourth year in a row our system sales and our revenues have continued to increase,” stated Barrie Jung, President of Hodgins Auctioneers. “This increase in system sales and revenue has translated directly to our bottom line as the company has held firm on expenses.”

Second quarter financials can be found at www.sedar.com.

About Hodgins Auctioneers Inc.

Headquartered in Melfort, Saskatchewan, for nearly 50 years, Hodgins Auctioneers has provided professional auction services for clients across North America and consistently ranks in the top 100 biggest companies in the Province. Hodgins is renowned for its experienced auctioneers, award-winning promotions and dependable results, resulting in a database of nearly 100,000 motivated and qualified buyers from across Canada and the United States.

To find out more about Hodgins Auctioneers Inc. (TSX VENTURE:HA), visit our website at www.hodginsauctioneers.com