FIFE, WASHINGTON - June 24, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it will display its new live auction technology at the National Auctioneers Association (NAA) conference in San Antonio, Texas, July 6, 2003.

Founded in 1948, the NAA represents 6,000 auctioneers worldwide. The international week-long conference in Texas provides a forum for the Company to showcase its technology directly to auctioneers. A preview of the Company's technology can be seen at www.ableauctions.com/technology or on two auctions scheduled to run June 26 and 29 on the Company's web-site. The latter, the Crystal, Gift, Electronics and Art auction is also scheduled to run simultaneously on eBay Live Auctions to test the interface.

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. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information contact Investor Relations at 858-775-7962 or investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is the independent connection to the world's auction houses. Founded in 1994, it was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet. Today iCollector.com represents some of the world's leading auction houses. Since January 2001, its alliance with eBay Live Auctions has resulted in hundreds of Live Auctions being broadcast in real-time, direct to the saleroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online.