FIFE, WASHINGTON – December 17, 2004 – Ableauctions.com Inc. (AMEX:AAC) (the “Company”) announced today that it expects shareholders’ equity, defined as the value of the Company’s assets minus its liabilities, to increase for the eighth consecutive quarter to over $10 million, with no long term debt and short term liabilities of approximately $200,000.

The Company’s trading volume of over 17.95 million shares on December 16, 2004 again 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, behind only (AMEX:SPY).