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December 03, 2003
Delaware Based Auction House Signs 3-Year Contract With Ableauctions FIFE, WASHINGTON - December 3, 2003 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that, through its wholly owned subsidiary Icollector.com Technologies Inc. ("iCollector"), it is has entered into an agreement with Delaware-based Joseph C. O'Neal & Sons (the "Client") to broadcast their auctions over the Internet exclusively for a period of three years. Under the terms of the agreement, effective December 1, 2003, Ableauctions will broadcast all of the Client's Internet auctions exclusively for a period of three years either on its own technology or through eBay Live Auctions. Joseph C. O'Neal & Sons conducts auctions specializing in antiques, machinery, real estate, and personal property. Established in 1971, the company has over 30 years of experience and runs approximately 50 auctions per year. Their first online live auction in conjunction with Icollector and eBay live auctions yielded an impressive online success rate of 35%. Having run two successful online live auctions already, the Client is expecting this technology to have a very positive impact for the future of the auction business. The international exposure provided by the Company for each of the Client's live auctions has enabled the auction house to reach a higher profile among consignors and buyers alike. 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. |