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March 29, 2004
Ableauctions Enters into Agreement with National Auctioneers Association to Serve as Its Exclusive Online Auction Broadcasting Contractor FIFE, WASHINGTON - March 29, 2004 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it has entered into an agreement with the National Auctioneers Association (NAA) to serve as its exclusive online auction broadcasting contractor. Founded in 1948, the NAA represents approximately 7,000 auctioneers worldwide with members in every single state in the United States and covering the multi-billion dollar real estate, automotive, fine art, cattle, equipment and manufacturing segments. Under the terms of the agreement, the Company will implement its technology immediately to provide the NAA's 7,000 members with a powerful, effective and economical online solution for broadcasting auctions over the Internet under the URL "naalive.com". The newly designed platform is the only web cast technology for live online auctions endorsed by the National Auctioneers Association. The platform is only available to members of the association and is helping many to bring their auctions online for the first time, at very affordable fees. At $ 125 to sign up and 1.5% commission on all items sold to the Internet, the technology is designed to be operated remotely with auction houses having an option to get on-site support for an additional fee. 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. |