FIFE, WASHINGTON - July 28, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the Company") announced today the results from Heritage's July 15, 2003 Comics, Original Comics Art, Illustration Art, Toys and Movie Posters Signature Auction, held in San Diego, California.

Heritage, the world's largest collectible auctioneer, grossed approximately $4.25 million in revenue in the 6-day auction. The auction, an official auction of the San Diego Comic-Con International, sold approximately 11%, or 463 lots out of the total 4,194 lots, to the Internet through the services of iCollector. The total value of items sold on the Internet through the services of iCollector was an impressive $390,765. The event was one of the largest comic auctions of the year.

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.