FIFE, WASHINGTON - December 8, 2004 - Ableauctions.com Inc. (AMEX:AAC) (the "Company") announced today that its Stock Rating Summary has been upgraded by MSN Money Central, citing the heavy accumulation of Ableauctions stock by financial institutions as one of the positive factors for the Company.

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 over 3,000 auctions, the Company has developed state-of-the-art technology to broadcast Internet auctions (www.ableauctions.com/technology) and currently provides 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.