KELOWNA, BC -- 12/07/07 --
Auctions International Inc. (PINKSHEETS: AUCI),
a technology company that owns and markets proprietary software to enable
real-time online auctions of virtually any product or commodity for use by
the wholesale market, announced today that to accommodate the Company's
growth, its executive offices are now located at 1001-1329 Ellis Street,
Kelowna, BC, Canada, V1Y-9X5. The telephone and fax number will remain the
same. The facility is expandable to accommodate growth, and will serve as
the location to meet clients and host corporate business meetings.
Doug Mann, president and CEO of Auctions International, Inc., said,
"Auctions International has taken tremendous steps forward in re-defining
online auctions for the wholesale market. We have aligned with high-value
brands like CARFAX, uShip.com, CarrierRates.com and NXGen, and continue to
attract members in the U.S. and Canada to our state-of-the-art technology
platform AutoBidLive.com. As part of our growth strategies, we have
streamlined all of our departments -- sales, business development,
accounting, investor relations and management -- under a single executive
office to more efficiently serve our customers and industry-leading
partners. With greater efficiencies, we also expect to drive down operating
costs as we move into the New Year."
About Auctions International Inc.
Through its wholly owned subsidiary AutoBidLive, Auctions International
Inc. is set to bring together over 65,000 North American licensed pre-owned
auto dealers into a dynamic online auction reducing their dependence on
physical auctions. By utilizing state-of-the-art technology, dealers can
make bids in real time, move inventory, and search and buy vehicles
specific to consumer's needs. In addition to online automobile auctions for
the wholesale market, Auctions International Inc. has identified multiple
commodity verticals, which could benefit from its leading-edge online
auction technology platform. For more information, visit www.AuctionsIR.com
and www.AutoBidLive.com.
Safe Harbor
This press release contains or may contain forward-looking statements such
as statements regarding the Company's growth and profitability, growth
strategy, liquidity, access to public markets, operating expense reduction,
and trends in the industry in which the Company operates. The
forward-looking statements contained in this press release are also subject
to other risks and uncertainties, including those more fully described in
the Company's filings with the Securities and Exchange Commission. The
Company assumes no obligation to update these forward-looking statements to
reflect actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective events that may
have a retroactive effect.
For more information please contact:
Investor Relations - Canada
CanVox Communications Inc.
1-866-503-AUCI (2824)
info@auctionsir.com
www.AuctionsIR.com
Investor Relations - U.S.
Rick McCaffrey
OTC Financial Network
781-444-6100x621
rick@otcfn.com
http://www.otcfn.com/auci
