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March 01, 2004
Ableauctions Announces James G. Murphy Bank Safety Deposit Box Auction Draws Record Online Audience And Record Online Sales FIFE, WASHINGTON - March 1, 2004 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that the James G. Murphy bank safety deposit auction drew record 3,000 online registrants for the company, with over 40% of the items being sold to the Internet. The two-day auction held in Kenmore, Washington on February 25th and 26th included over 2,100 lots from the Washington State Department of Revenue, consisting of the contents of abandoned safety deposit boxes and included fine jewelry, diamonds, coins, stamps and various other collectible items. The total Internet sell-through for the sale is expected to exceed $ 200,000. 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 3,000 auctions, the Company has developed its own technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the 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. Founded in 1994, it was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet. Today iCollector.com represents some of the world's leading auction houses. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, directly to the salesroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online. |