FIFE, Wash.--Feb. 28, 2005--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will establish one of the world's leading online sales and support facilities for eBay Live Auctions. The Company expects to expand its workforce and commit to an expanded marketing program for the eBay Live Auction Industrial and Antique and Collectible platforms.

The formal establishment of such a facility places the Company in a distinctive position in the marketplace and represents an aggressive initiative to increase the Company's eBay Live Auction related business. By taking advantage of a number of factors, including the Company's strong market presence in the auction sector and an operational model that meets the market's demand for excellence, service and value, Ableauctions hopes to realize significant growth in this sector within a year.

The facility will feature local and remote training labs designed to enable auctioneers and technology partners to receive information, intensive training and support necessary for increasing sales and enhancing business development opportunities in markets worldwide.

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides technology and related services to auction houses, enabling them to broadcast auctions over the Internet. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is a wholly owned subsidiary of Ableauctions and is the independent connection to the world's auction houses. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. iCollector has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from the salesroom as the auction happens. iCollector can help you find, buy or sell art, antiques and collectibles online.

Visit www.icollector.com or (www.icollector.com/ourTechnology.aspx)