Scottsdale, Arizona May 25, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) announced today that it has acquired, through its Washington subsidiary, all of the shares of Ehli's Commercial/Industrial Auctions, Inc..

The purchase price of the Ehli's Auctions was $1,250,000, $900,000 in cash and the balance in stock. Ableauctions.com issued 50,000 shares of the Company's common stock at a deemed price of $7.00 per share.

Ehli's Auctions is a Washington-based liquidator of automobiles and industrial equipment with annual revenues of approximately US$7 million. Founded in 1920 by Nick Ehli, the grandfather of Randy Ehli, the company's current president, Ehli's Auctions operates one of the largest public automobile auctions in the United States. In addition, the Ehli Auction Center auctions commercial and industrial equipment and a wide variety of general merchandise and antiques. Ehli's Auctions conducts on site business liquidations for the U.S. Bankruptcy Court and major banks in the Seattle area. With the acquisition, the Company also acquired Ehli's Auctions' online auction division and its copyrighted auction accounting package, "Auctionware".

Abdul Ladha, President and Chief Executive Officer of Ableauctions.com stated, "The strategic objective of Ableauctions.com is to grow through the acquisition of sound, reputable companies that complement each other. The acquisition of Ehli's accomplishes just that. Already profitable, with US$7 million in annual revenue, Ehli's introduces automotive and heavy machinery auctions to Ableauctions.com."

Randy Ehli is a third generation auctioneer with over 23 years of experience. He was formerly the President of the Washington Auctioneers Association and President of Sales and Marketing Executives of Tacoma. He will be speaking at the National Auctioneers Association's annual convention this July.

"Our sales are generated from traditional bricks and mortar operations", said Randy Ehli, President of Ehli's Auctions. "The sale to Ableauctions.com now enables us to broaden our customer base through a very strong Internet presence. With over 600 vehicles a month up for bid, we were looking ways to expand our current operations. Ableauctions.com's technology enables us to combine live and online bidding on a weekly basis, providing for a very powerful tool for both buyers and sellers."

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.