Scottsdale, Arizona May 9, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) announced today that it has relocated its head office to the site of its 56,000 sq ft. flagship auction facility in Scottsdale, Arizona. The premises, located at 7303 East Earll Drive, Scottsdale, Arizona, is to serve as the center of operations for the United States.

The 56,000 sq ft. enclosed auction facility is located in the heart of Scottsdale and has an antique retail store, 5 state of the art auction halls, a preview room, Internet bidding stations, espresso bars and 130 parking places.

"The site is one of the most unique dedicated auction facilities in the country", said Abdul Ladha, President and Chief Executive Officer of Ableauctions.com. "The décor and setting reflect its capacity to handle very large scale auctions and to draw international interest. Our objective is to increase the frequency and variety of auctions conducted here and to deliver a very strong Internet presence."

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.