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July 21, 2003
Ableauctions To Begin Live Audio Broadcast For eBay Auction Clients And Renews Agreement With Telus FIFE, WASHINGTON - July 21, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the Company") announced today that it has completed the expansion and migration of its server farm to a new undisclosed TELUS Internet Data Centre, and has renewed its agreement with TELUS for three years. The Company also announced that it has successfully integrated its auction applet with streaming audio that provides its clients live audio during auctions with almost no delay, and will begin offering its clients, and those using eBay Live Auctions (NASDAQ:EBAY), the option to utilize audio immediately. The newly integrated audio streaming technology (www.ableauctions.com/technology) was put to test last week and experienced negligible delays continent wide. Unlike previous versions of streaming audio which experienced lengthy delays, the current audio component truly delivers the atmosphere and excitement of a live auction, while allowing bidders to keep pace with the auction. The scalable technology handles 1000 simultaneous listeners per server and can handle multiple encoders and auctions. Under the Company's agreement with TELUS (NYSE: TU; TSX: T, T.A), the telecommunications expert will manage the Company's high-capacity portal to the Internet and house one of the Company's server arrays. The move will reduce costs to Ableauctions while providing maximum flexibility to further expand the server array. The speed, reliability and architecture of the TELUS facility enables the Company to better service its clients by reducing large-scale catalog upload speeds. Image uploading times can be reduced from eight hours to as little as 15 minutes, enabling the company to support a greater number of auction clients economically. TELUS is positioned to make an invaluable contribution to the Company by providing the hosting, including full redundancy in power and connectivity through its North American peering partners. TELUS services are integral to Ableauctions.com's strategy to position itself as a world-class Internet auction company, enabling it to leverage the performance capabilities of its partners in providing superior service to its auction clients across North America and around the world. 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 TELUS TELUS is the largest telecommunications company in Western Canada and the second largest in the country, with more than 25,000 employees. The company provides subscribers with a full range of telecommunications products and services including data, Internet Protocol, voice and TELUS Mobility wireless services across Canada. TELUS is a premier founding supporter of Canada's bid to host the 2010 Winter Games. 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. |