Scottsdale, Arizona May 04, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) announced today that it has appointed Dr. David Vogt, the former Director of Science World, as a director of the Company. Dr. Vogt was Director of Observatories at the University of British Columbia in Canada from 1980 to 1992 before becoming Director of Science at Science World, Western Canada’s largest public science center. With the development in 1993 of a “virtual science center” to support educational outreach, Dr. Vogt changed his focus to explore the creation of knowledge using new media technologies. Dr. Vogt is a founding executive of Brainium.com, an innovative online educational publishing company that pioneers new media learning products to 7,000 schools internationally. His expertise in Internet development is expected to play a key role in the expansion of Ableauctions.com. Dr. Vogt will also serve on the Company’s audit committee.

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.