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December 01, 2003
Premier American Midwest Auction House Signs 3-Year Contract With Ableauctions FIFE, WASHINGTON - December 1, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that is has entered into an agreement with Colorado based Best of the West Auctions (the "Client"), one of the premier auction houses in the American Midwest, to broadcast their auctions over the Internet exclusively for a period of three years. Under the terms of the agreement, effective November 1, 2003, Ableauctions will broadcast all of the live auctions for the Client exclusively for a period of three years either on its own technology or through eBay Live Auctions. Best Of The West Auctions specializes in western and regional art, antique western collectibles, Cowboy and Indian items, and all antiques related to the historic old West. They handle entire estates or single qualifying items. Its parent company, Ross Auction Inc., is Colorado's oldest auction company and specializes in traditional estate items. Best of the West Auctions draws from numerous years of experience in their field and conducts approximately nine art and antiques auctions per year. Over the course of 83 years they have become one of the largest specialists in antiques and have recently broadened their market to include native art and artifacts in the American Midwest. The annual highlight is the Manitou Gallery auction in Great Falls Montana. This million dollars plus event attracts bidders from around the world. The online technology services provided by Ableauctions have enabled Best of the West Auctions to reach a higher profile among consignors and buyers alike, enabling clients gets international exposure. About Ableauctions.com Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of 3,000 auctions, the Company has developed its own technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.About iCollector.com iCollector.com is a wholly owned subsidiary of Ableauctions and 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, directly to the salesroom 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. |