SCOTTSDALE, ARIZONA - August 7, 2001- Ableauctions.comTM, Inc. (AMEX:AAC) (the "Company") is pleased to announce that it was featured on BBC News London, News Night Friday July 27th, 2001.

This video interview, as well as several other media clips from various networks, are available on www.ableauctions.com or on the BBC News home page.

BBC News economics editor Evan Davis covered the eStamp bankruptcy auction held by Ableauctions in San Mateo, California. The Company's operations in California, Washington, Arizona and British Columbia have been the focus of strong local and international media attention in the past few months.

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. This release and prior releases are available on the Company's Internet Auction web site located at www.ableauctions.com.