SCOTTSDALE, ARIZONA - May 1st, 2001- Ableauctions.com^TM, Inc. (AMEX:AAC) (the "Company") is pleased to announce that it was featured on CBS MarketWatch Sunday April 29th, 2001 at 5:00 pm Pacific Time.

This video interview, as well as several other media clips from various networks, are available on www.ableauctions.com or on the CBS MarketWatch home page.

CBS MarketWatch reporter Victoria Fung covered one of many defunct dot-com auctions held by Ableauctions in San Mateo, California. The Company's operations in California, Washington, Arizona and British Columbia have been the focus of strong media attention in the past few months due to the failure of dot-com companies.

"This market shakeout is actually a good thing, not just for Ableauctions.com, but for the market in general", said Abdul Ladha, President and CEO of Ableauctions.com. "From the Company's perspective, the failure of dot-coms translates into increased profitability for Ableauctions and exceptional savings for our customers. From the over saturated dot-com market's perspective, the decrease in the number of players results in an increased market share and greater profitability for the remaining players. The criteria for investment have also changed with more emphasis being placed on fundamental brick-and-mortar components, profitability and track records."

About Ableauctions.com

Ableauctions.com is a high tech business-to-business and consumer 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. This release and prior releases are available on the Company's Internet Auction web site located at www.ableauctions.com.