SCOTTSDALE, ARIZONA - August 23, 2000 - Ableauctions.com^TM, Inc. (AMEX:AAC), announced today that it has appointed Ron Miller as Vice-President and Chief Financial Officer (CFO) of Ableauctions.com.

Mr. Miller is a Chartered Business Valuator and Chartered Accountant. He was the supervisor of Business Valuation Group at Coopers & Lybrand from 1988 to 1991, a partner at Shikaze Ralston Chartered Accountants from 1993 to 1998, a partner at Miller Teasley, a business valuator and mergers & acquisition advisor, and most recently, the CFO and Vice President of the American operations of Compec Industries, a large multi-national public plastics company.

"The appointment of Mr. Miller as Vice-President and CFO strengthens Ableauctions.com's management team", said Abdul Ladha, President and Chief Executive Officer of Ableauctions.com. "His long established industry reputation and expertise in mergers, acquisitions and business valuation will play a key role in the expansion of the Company as we begin targeting acquisitions with over $20 million in revenue."

About Ableauctions.com

Ableauctions.com is a high tech business-to-business and consumer 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. This release and prior releases are available on the Company's Internet Auction web site located at www.ableauctions.com.