SCOTTSDALE, ARIZONA - July 27, 2000 - Ableauctions.com^TM, Inc. (AMEX:AAC), today announced that its president and CEO, Abdul Ladha, has been invited to ring the opening bell at the American Stock Exchange. The event honors the listing of Ableauctions.com on the AMEX and is scheduled to take place on July 28, 2000 at 9:30am on the exchange floor.

The event marks only the second time that a company closely covered by the Emerging Company Report has listed on the exchange. The event and an interview will be broadcast live by the network and repeated a week later to celebrate the Emerging Company Report's 200th broadcast. The Emerging Company Report is a weekly television program, which premiered in 1996, and is now broadcast to over 30 million cable TV homes in more than 275 cities nationwide.

The American Stock Exchange (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.

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.