SCOTTSDALE, Arizona June 1, 2000 - Ableauctions.com^TM, Inc. (OTC BB: ABLC) announced today that it has appointed Charles Taylor, Senior Technology Analyst for New York based Amerindo Investment Advisors, as a director of the Company.

Charles Taylor was the Vice President of the Equity Division of First Chicago Investment for three years before becoming a Portfolio Manager for American Capital Asset Management in 1987. He joined Amerindo Investment Advisors in 1996 and brings with him 29 years of investment and industry experience. He has a Bachelors degree in Electrical Engineering from Northwestern University and an M.B.A. from the Kellogg School of Management.

Amerindo Investment Advisors, with over $7 billion under management, is a leading investment manager specializing in stocks of technology and healthcare companies.

"The appointment of Mr. Taylor to the board of directors further enhances the board's ability to lead the company to next level," said Abdul Ladha, President and Chief Executive Officer of Ableauctions.com. "His long established industry reputation and expertise as an analyst in the high technology sector is expected to play a key role in the expansion of Ableauctions.com."

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.