BizAuctions Announces Eight Contracts for eBay Liquidation Services

Business Wire, Oct 2, 2006

SAN DIEGO -- BizAuctions, Inc. (Pink Sheets: BZCN), a prime provider of commercial eBay liquidation services for excess inventory, today announced eight Liquidation Services Contracts for various commercial clients.

The Liquidation Services Contracts called for BizAuctions to provide liquidation of select inventories or assets such as printing equipment, hardware supplies, restaurant equipment, and medical equipment, through eBay auctions or other distribution channels.

"These eight contracts are indicative of the growth of our business and the tremendous opportunity before us, and we expect to be able to obtain many additional contracts to provide our eBay liquidation services," noted Delmar Janovec, BizAuctions' CEO.

"At BizAuctions we are doing solid business and are providing valuable services to our clients. It is clear that American companies are in need of liquidation services, and we are aggressively targeting that market.

"With the excess inventory market near $60 billion, we are working to build a major operation and have a significant positive impact on corporate America. We believe that eBay liquidation services are indeed the future of inventory liquidation," Janovec concluded.

A virtual tour of BizAuctions' facilities and flash video presentation can be viewed at http://www.bizauctions.com/tour.shtml.

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 http://www.bizauctions.com/tour.shtml.

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 "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.