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News Stories Tuesday, May 16, 2006   
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Online auctioneer realizes 77% leap in sales

Ableauctions.com Inc.’s sales leapt 77% during the first quarter of 2006 to $2 million compared with $1.2 million in Q1 2005.

The sales boost was the result of stronger performance by Ableauctions.com’s web broadcast auction services as well as e-commerce sites iCollector.com and NAALive.com, the company says. It also operates UnlimitedCloseouts.com.

The primary objective of Ableauctions.com is to become one of the leading providers of liquidation and merchandising services; it predicts long-term success will hinge on continued innovation and integration of technologies and services for auctioneers and liquidators worldwide, the company says.

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