Ableauctions (AMEX:AAC) to Announce Second Quarter Results

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  Ableauctions.com (AMEX:AAC) announced today that it expects to release second   quarter 2007 results of operations during the week of August 13, 2007.
 
  Revenues for the second quarter of 2007 are expected to increase over   75% from the first quarter of 2007. The Company also expects its live auction   divisions iCollector and NAALive to set a record for the number of auction   sessions facilitated in a single quarter for the quarter ending June 30, 2007.   The iCollector and NAALive operations are expected to report over 400 auction   sessions for the second quarter of 2007, surpassing all previous quarterly   numbers.
 
  Abdul Ladha, President and CEO of Ableauctions, reiterated that   "revenues from our liquidation operations have fluctuated widely over the course   of the year, and will continue to fluctuate based upon seasonality, the   inventory available and the timing of orders. Fundamentally, we expect that   revenues for the next two quarters from our liquidation operations will surpass   those from the respective periods in the previous year."
 
  "Our live   auction operations," he added, "are strong and are on course with our growth   expectations for the year. We will continue to expand and re-invest into our   core business units."
 
  About Ableauctions.com
 
  Ableauctions.com   Inc. (AMEX:AAC) is a high-tech liquidator and on-line auction facilitator that   operates the domains iCollector.com, NAALive.com and Unlimited Closeouts.com.
 
  As an on-line auction facilitator, the Company, with the experience of   over 3,000 auctions, has developed state-of-the-art technology to broadcast   auctions over the Internet (www.ableauctions.com/technology) and currently   provides the technology and related services to auction houses, enabling them to   broadcast auctions over the Internet. The Company broadcasts business and   industrial auctions over the Internet for auctioneers and members of the   National Auctioneers Association (NAA) and art, antique and collectible auctions   for numerous galleries and auction houses around the world through eBay Live   Auctions.
 
  As a liquidator, the Company, through Unlimited Closeouts,   purchases overstocks, order cancellations and discontinued products from major   manufacturers and importers, then sells the merchandise to major retail chains,   other resellers or the public.
 
  For a comprehensive Corporate Update and   prior releases, visit www.ableauctions.com. For more information, contact   Investor Relations at investorrelations@ableauctions.com.
 
  At the time of   writing shares are up 2% to $0.22 with over 300,000 in volume.
 
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