SCOTTSDALE, ARIZONA - May 3, 2001- Ableauctions.com^TM, Inc. (AMEX:AAC) (the "Company"), announced today that its weekend Online Voice Streaming bankruptcy auction held in British Columbia, Friday April 27th, 2001, generated revenues of USD $450,000.00.

Approximate statistics: 60 % of the goods sold were influenced by the Internet. The auction drew over 4,000 people in person and approximately 13,000 over the Internet (2.1 million hits), well over the Company's average of 400 attendees and 2,000 daily Internet sessions.

About Ableauctions.com

Ableauctions.com is a high tech business-to-business and consumer auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. The Company liquidates a broad range of products including computers, electronics, office equipment, furniture and industrial equipment that are acquired 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.