FIFE, WASHINGTON - June 30, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that an integral part of its technology deployment program will focus on educating and training auction houses on its technology and eBay Live Auctions technology, including a proposal to train the National Auctioneers Association's (NAA) 6,000 members.

Included in the proposal are plans to educate NAA members through an aggressive state-to-state training program designed to promote and simplify the process of broadcasting auctions on the Internet. If accepted, a portion of the proceeds derived from the use of the Company's technology and related services would be used to fund this initiative.

The successful implementation of live auction technology is measured typically by the amount of product sold or influenced by the Internet. Factors such as the amount of exposure or time Internet bidders are given to preview auction lots, the description and detail users are provided with, and their confidence in the technology, can vary the outcome significantly. Ableauctions believes that the endorsement of its live auction technology can increase a company's sales significantly, dwarfing the 2 to 5% fees that it charges for the use of its technology. However, the Company cautions investors in extrapolating the results of some of its clients who have successfully implemented the technology over the course time and sell up to 30% of their product over the Internet, to those who are relatively new to the arena and require time to adapt.

The Company is determined in keep its shareholders well informed, delivering strong results, managing growth and providing the best possible service to its users.

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.