SCOTTSDALE, ARIZONA, June 28, 2000 - Ableauctions.com, Inc. (OTC BB: ABLC) (the "Company") announced today that its application to have its shares of common stock listed on the American Stock Exchange ("AMEX") has been approved. The Company will commence trading on the AMEX on Thursday June 29, 2000 under the symbol "AAC".

The AMEX is the United States' second largest floor-based exchange offering securities trading on an advanced centralized specialist system combining technologically driven speed with market driven liquidity. The AMEX is also part of the Nasdaq-Amex Group, the largest self-regulatory securities organization in the United States.

Abdul Ladha, President and Chief Executive Officer of Ableauctions.com stated, "The AMEX listing application is another logical and timely step in our rapid business development strategy. The listing provides added market exposure and extends our reach and access to capital resources to build upon our recent successes. The company's six acquisitions across North America provide the foundation to support our aggressive Internet expansion and growth strategy. We expect that the AMEX listing will result in a significantly higher corporate profile and attract a much greater following of analysts, institutional and individual investors."

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.