BizAuctions and La Jolla Liquidation & Auction Co. Move Forward First Live-Auction of Tropicana Hotel & Casino Consignments
Poster: SySAdmin
Posted on April 28, 2010 at 6:35:01 AM
BizAuctions and La Jolla Liquidation & Auction Co. Move Forward First Live-Auction of Tropicana Hotel & Casino Consignments
SAN DIEGO, April 28 -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks and returns, and La Jolla Liquidation & Auction Co. move forward for the planned 1st live-auction of furniture, fixtures, and equipment from the renovation of the Las Vegas Tropicana Hotel & Casino.
Delmar Janovec, CEO comments, "We are making good progress in the inventory phase of the furniture, fixtures, and equipment (FF & E) that has been received from the Las Vegas Tropicana Hotel & Casino renovation. BizAuctions and La Jolla Liquidation have received six (6) semi-truck loads of FF & E that has consumed a sizeable portion of our 22,000 sq. ft. warehouse in Otay Mesa, California. While our staff is conducting their inventory count of the FF & E received, we are also marking the merchandise according to what will be sold on our eBay or Amazon platforms and what will be sold at our 1st planned live-auction to be held at BizAuctions warehouse, at 1510 Corporate Center Drive, Otay Mesa, CA. The date for the planned live-auction has been tentatively set for May 21 and May 22nd for the sale of the first furniture, fixtures, and equipment received from the renovation of the Las Vegas Tropicana Hotel & Casino and also some inventory that BizAuctions has received from its retailer-wholesale contracts. This live-auction should prove to be a good quality auction that will offer merchandise ranging from the historic Las Vegas Tropicana Hotel & Casino to current brand name electronics and general merchandise."
Romy Ashjian, President of La Jolla Liquidation notes, "We have accomplished much work since our initial signing of the Joint-Venture agreement some three weeks ago and are cataloging the inventory of FF & E that has been received. We have already had some interest from other wholesalers for the FF & E both for the resale of and on a consignment basis. With the quality brand names of the FF & E, I believe there will be much interest from commercial vendors for the merchandise to be sold at the live-auction that is tentatively scheduled for May 21 and May 22 at the BizAuctions warehouse. I'm looking forward to maintaining our progress on the warehousing phase and the upcoming live-auction."
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. Included in the renovation will be the removal of the amazing antique stained-glass ceiling above the poker and craps tables in the main casino area of the Tropicana.
"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 http://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/
ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of commercial liquidation services for excess inventory, overstock items, and returns through its eBay and Amazon business platforms and Lucky 7's retail store. 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, 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 liquidation services through eBay and Amazon platforms and its Lucky 7's retail store to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2009, and the quarterly statements filed in calendar year 2009, at http://www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "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 services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
Source: BizAuctions, Inc.
CONTACT: Delmar Janovec, Investor Relations of BizAuctions, Inc.,
1-800-961-3275, investors@bizauctions.com
Web Site: http://www.bizauctions.com/
SAN DIEGO, April 28 -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay and Amazon liquidation services for excess inventories, overstocks and returns, and La Jolla Liquidation & Auction Co. move forward for the planned 1st live-auction of furniture, fixtures, and equipment from the renovation of the Las Vegas Tropicana Hotel & Casino.
Delmar Janovec, CEO comments, "We are making good progress in the inventory phase of the furniture, fixtures, and equipment (FF & E) that has been received from the Las Vegas Tropicana Hotel & Casino renovation. BizAuctions and La Jolla Liquidation have received six (6) semi-truck loads of FF & E that has consumed a sizeable portion of our 22,000 sq. ft. warehouse in Otay Mesa, California. While our staff is conducting their inventory count of the FF & E received, we are also marking the merchandise according to what will be sold on our eBay or Amazon platforms and what will be sold at our 1st planned live-auction to be held at BizAuctions warehouse, at 1510 Corporate Center Drive, Otay Mesa, CA. The date for the planned live-auction has been tentatively set for May 21 and May 22nd for the sale of the first furniture, fixtures, and equipment received from the renovation of the Las Vegas Tropicana Hotel & Casino and also some inventory that BizAuctions has received from its retailer-wholesale contracts. This live-auction should prove to be a good quality auction that will offer merchandise ranging from the historic Las Vegas Tropicana Hotel & Casino to current brand name electronics and general merchandise."
Romy Ashjian, President of La Jolla Liquidation notes, "We have accomplished much work since our initial signing of the Joint-Venture agreement some three weeks ago and are cataloging the inventory of FF & E that has been received. We have already had some interest from other wholesalers for the FF & E both for the resale of and on a consignment basis. With the quality brand names of the FF & E, I believe there will be much interest from commercial vendors for the merchandise to be sold at the live-auction that is tentatively scheduled for May 21 and May 22 at the BizAuctions warehouse. I'm looking forward to maintaining our progress on the warehousing phase and the upcoming live-auction."
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. Included in the renovation will be the removal of the amazing antique stained-glass ceiling above the poker and craps tables in the main casino area of the Tropicana.
"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 http://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/
ABOUT BIZAUCTIONS - ADDRESSING THE $60 BILLION PROBLEM
BizAuctions, Inc. (Pink Sheets: BZCN) is a prime provider of commercial liquidation services for excess inventory, overstock items, and returns through its eBay and Amazon business platforms and Lucky 7's retail store. 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, 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 liquidation services through eBay and Amazon platforms and its Lucky 7's retail store to Fortune 1000 enterprises, BizAuctions is a clear and lucrative solution for most any business to liquidate its excess inventory.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2009, and the quarterly statements filed in calendar year 2009, at http://www.PinkSheets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "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 services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.
Source: BizAuctions, Inc.
CONTACT: Delmar Janovec, Investor Relations of BizAuctions, Inc.,
1-800-961-3275, investors@bizauctions.com
Web Site: http://www.bizauctions.com/