FIFE, WASHINGTON - April 28, 2004 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will release its first quarter 2004 results on May 14, 2004.

Consistent with previous guidance issued, the company expects its first quarter revenue figures to exceed all of fiscal 2003. The strong performance is attributed to solid performances in virtually all sectors, especially the Company's iTrustee and Unlimited Closeouts liquidation operations.

iTrustee.com Technologies Ltd. and Unlimited Closeouts Inc. are wholly owned subsidiaries of Ableauctions.com Inc. iTrustee.com is a reseller platform designed to expose bank and trustee inventories, as well as distressed merchandise, exclusively to resellers, auctioneers and liquidators.

For more information please visit www. ableauctions.com

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. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. Since January 2001, it has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from 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.