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March 22, 2004
Ableauctions Enters in Agreement with Ohio Fine Arts Gallery FIFE, Wash. - March 22, 2004 - Ableauctions.com Inc. (AMEX: AAC; the "Company") announced today that, through its wholly owned subsidiary iCollector, it has entered into an agreement with Cleveland based Corcoran Fine Arts Limited Inc. to broadcast their Internet auctions exclusively for a period of three years. Under the terms of the agreement, effective March 1, 2004, iCollector will broadcast all of the Client's Internet auctions exclusively for a period of three years either on its own technology or through eBay Live Auctions. Corcoran Fine Arts Ltd., Inc. is actively engaged in the appraisal of fine arts, decorative arts, Titanic and other collectibles, and antiques for private clients and organizations. The first auction is scheduled for April 24, 2004 and will involve 19th and 20th century paintings, drawings and many other fine antiques. 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. |