FIFE, Wash.--July 20, 2004--Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that its wholly owned subsidiary iCollector.com Technologies Ltd. has partnered with eBay Live Auctions to provide referred auction houses with support in running auctions on eBay Live Auctions.

Under eBay Live Auction's seller referral program, eBay Live Auctions will refer strategic sellers and auction houses to iCollector for technology solutions and auction tools to enhance live auction platform services. Since inception, eBay Live Auctions has seen a dramatic growth in the live auction sector and continues to explore new ground with iCollector.

The Company also announced today that it has concluded negotiations with eBay and expects to announce a long-term agreement with eBay regarding the broadcast of live auctions on the Internet.

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides technology and related services to auction houses, enabling them to broadcast auctions over the Internet. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is a wholly owned subsidiary of Ableauctions and is the independent connection to the world's auction houses. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. Since January 2001, it has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from the salesroom as the auction happens. iCollector can help you find, buy or sell art, antiques and collectibles online.