FIFE, WASHINGTON - June 26, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that it has entered into an agreement with Texas based Heritage Galleries & Auctioneers, the largest dealer and auctioneer of collectibles including rare coins, currency, comics, movie posters and illustration art in the world, to broadcast their auctions exclusively for three years.

Under the terms of the agreement, Ableauctions will broadcast all of Heritage's live floor auctions exclusively for a period of three years, either on its own technology or through its alliance with eBay Live Auctions. Heritage runs 12 Signature multi-session auctions annually, plus numerous Internet auctions. Year 2002 auction sales alone totaled $92 million. The Heritage name is recognized worldwide for bringing unparalleled value to every consignor and bidder. With assets totaling approximately $30 million, HeritageCoin.com is the Internet's most popular and highly trafficked rare coin site, with over 81,000 registered members. HeritageCoin.com is the only coin site chosen twice by Forbes.com's Best of the Web (1999 and 2001) as one of the 250 best websites on the Internet, and also won the most recent Numismatic Literary Guild award for Best Numismatic Internet Site.

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.