BURNABY, B.C., February 3, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) announced today that it has retained KCSA Public Relations Worldwide, a New York-based public and investor relations firm, to assist the firm in the area of investor relations.

In announcing the retention of KCSA, Abdul Ladha, President and Chief Executive Officer of Ableauctions.com, said, "We believe representation from an established investor relations firm is key to developing alliances in the financial community and helping to build shareholder value. With our growth rate accelerating and our acquisition strategy in place, we believe this is the appropriate time to convey our story to the financial community. KCSA's broad investor and public relations experience, its exceptional client base and its expertise in representing Internet companies, will assist us in communicating our business strategy to the investment community."

Mr. Ladha added, "This engagement is the further step in posturing Ableauctions.com as it begins to target listing on more senior exchanges."

About KCSA Public Relations Worldwide

KCSA Public Relations Worldwide is a leading public and investor relations firm with practice areas in public relations, investor relations, corporate and marketing communications and design and graphics. KCSA is the U.S. partner of European Communication Partners, a network of public relations firms in EEC countries and Canada, and the U.S. member of IR Asia-Pacific Ltd., the world's first network of independent investor relations consultancies. The firm has strategic alliances in Australia, Israel, Russia and South America.

About Ableauctions.com

Ableauctions.com is a high tech business-to-business auctioneer that conducts its auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of computers, electronics, office equipment, furniture and industrial equipment that it acquires through bankruptcies, insolvencies and defaults. The Company's Internet Auction web site can be located at www.ableauctions.com.