FIFE, Wash.--Jan. 5, 2005--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will release Asian and European versions of its live online auction broadcasting technology to cater to the respective foreign markets. The releases of the variations come amidst strong international interest in the Company's technology and the ability to adapt the technology to regional markets. The changes are also expected to provide the Company with increased international exposure and pave the way for global adoption of its online auction technology.

The Company, with existing installations and clients in the United Kingdom, Italy, Sweden, Spain, Germany, Hungary, South Africa and Australia, is expected to more than double its user base before year-end.