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April 18, 2000
Ableauctions.com Inc. Receives Approval For Standard & Poor's Listing, Receives "Blue Sky" Exemption BURNABY, B.C., April 18, 2000 - Ableauctions.comTM, Inc. (OTC BB: ABLC) (the "Company") announced that Standard & Poor 's Editorial Board has approved the Company for a full description in Standard & Poor' s Standard Corporation Records. Additionally, the Company will have its description published in Standard & Poor' s Daily News Section and Standard & Poor' s will also initiate financial coverage of the Company as part of the S&P Market Access Program. Abdul Ladha, President and Chief Financial Officer of Ableauctions.com, Inc., stated, "This is an important milestone for our company. Our S&P listing is an essential step in broadening the dissemination of corporate news and increasing the awareness of Ableauctions.com, Inc. within the financial markets." Standard Corporation Records is a recognized securities manual for "blue sky/manual exemption" in approximately 35 states. Listing in Standard Corporate Records provides a secondary trading exemption in those states and allows the brokerage community to create a market in the Company's stock. All brokers should check with the "blue sky" laws in their given states. 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. |