FIFE, WASHINGTON – December 13, 2004 – Ableauctions.com Inc. (AMEX:AAC) (the “Company”) announced today that it has filed an 8K Statement with the SEC relating to its earnings and profitability. The Company expects net income for Q4 of 2004 to exceed the quarterly average for the three previous ones by 400%. The Company expects to realize net income of over $211,000 in the fourth quarter of 2004, compared to the average net income of approximately $55,000 for the three previous quarters in 2004.

The annual revenue for fiscal year 2004 is expected to be approximately $5 million with net income to exceed $365,000, compared to revenue of $778,102 and net income of $144,156 for 2003.

The Company expects to issue a forecast for fiscal year 2005 shortly, along with a corresponding 8K.