FIFE, WASHINGTON – December 14, 2004 – Ableauctions.com Inc. (AMEX:AAC) (the “Company”) announced today that its trading volume of over 17.5 million shares on December 13, 2004 marks the single highest day of activity for the Company and ranked the Company’s volume in second spot on the most active list for AMEX traded equities.

For a consecutive three trading days, the volume of AAC shares has been over 10 times the multiple of the average trading volume of approximately 500,000 shares per day. The events surround the Company’s intent to aggressively expand its operations following two full years of intensive development, while still maintaining profitability and increasing shareholder’s equity.