BURNABY, B.C., March 07, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) (the "Company") announced today that it has been granted permission from deutsche Borse AG to start trading on the Third Market Segment of the Frankfurt Exchange effective March 1, 2000.

The trading symbol of the shares on the Frankfurt Exchange is "AA7", and the German securities code (Wartpaplerkennnummer) is 925 879.

The Company is also looking to actively expand into Europe. Abdul Ladha, President and Chief Executive Officer of Ableauctions.com stated, "The listing on the Frankfurt exchange is in response to the growing interest in both the Company's shares and its technology from European investors. Ableauctions.com has entered into preliminary dialogue with several of Europe's on-line auction and traditional bricks-and-mortar companies to negotiate an alliance or acquisition. The scope of our expansion strategy in Europe will be dictated by the outcome of these discussions. As far as our roll-out strategy in North America is concerned, negotiations are nearing the completion and we except to announce the results in the very near future."

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.