TACOMA, Wash., June 26, 2002 (PRIMEZONE) -- Ableauctions.com(TM), Inc. (AMEX:AAC) (the "Company") announced today that it's wholly owned subsidiary, iCollector International, has been nominated for a prestigious British Antiques & Collectibles Award, the industry equivalent of an 'Oscar.'
The annual British Antiques & Collectibles Awards, sponsored by Miller's antique publishing house, bring together the best-known and most prestigious names in the British antiques and collectibles industry. This year's special 'Services' award focuses on antiques on the Internet. Other nominees in this category include Christies.com, Bonhams.com, Antiqnet.com and Ebay.co.uk.
Since 1994, iCollector has been bringing traditional auction houses online and expanding their businesses through exposure to the global market place via the Internet. As one of first companies to do so, it has been nicknamed 'the granddaddy of Internet auction sites'. The Company now boasts a client list of hundreds of auction houses from around the world and offers items from the full spectrum of this diverse industry. iCollector's unique combination of a wide-reaching searchable auction catalog database, state of the art commerce solutions, and strategic alliances such as that with eBay Live Auctions, make it a pre-eminent force within its market.
"We are honored to have been nominated for this prestigious award," said Julian Ellison, Director of Auction House Services. "The award endorses all of the hard work and efforts put in by all of our auction house partners and our employees and further recognizes iCollector's position in the world market."
About Ableauctions.com
Ableauctions.com is a high-tech business-to-business and consumer auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of products including computers, electronics, office equipment, furniture and industrial equipment that are acquired through bankruptcies, insolvencies and defaults. This release and prior releases are available on the Company's Internet Auction Web site located at www.ableauctions.com. For more information contact 604-521-3369.
About iCollector.com
iCollector.com is the independent connection to the world's auction houses. Founded in 1994, it was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet. Today iCollector.com represents more than 350 of the world's leading auction houses. Hundreds of thousands of collectors use icollector.com daily to search its global client base of auction houses and place bids, with the support of its extensive catalog archive. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, direct to the salesroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With offices in Europe, the U.S.A and Canada, its unparalleled understanding and expertise in this sector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online.
This press release contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the performance of our auction houses, our ability to implement our inventory procurement strategy, general economic conditions, our ability to license our software to other auction houses, and other factors that are detailed in our Annual Report on Form 10-KSB filed with the Securities and Exchange Commission. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results may differ materially from the Company's expectations and estimates.