| June 27, 2007 Broadmoor Art Academy Artists to Be Featured in Best of the West's ''Fine Print & Print Auction'' Ableauctions.com (AMEX:AAC - News) announced today that it will host Best Of The West "Fine Art & Print Auction" July 6th, 2007 and July 7th, 2007 on eBay Live Auctions through its subsidiary iCollector.com. Session one will feature prints, etchings and lithographs by top printmakers including Birger Sandzen, Reginald Neal, Ward Lockwood, George Elbert Burr. Session two will highlight the artists of the Broadmoor Art Academy. For the past five years Best Of The West Auctions has been striving toward their mission to reacquaint their region with the importance of the Broadmoor Art Academy as an early 20th century art colony. The members of this school produced some truly fine American art and Best of the West is pleased to have been a part of advancing the interest in collecting and enjoyment of these artists' work. Tad Bickly of Best of the West Auctions states, "Best of the West Auctions has conducted several dozen online auctions with iCollector and others. We found the process flawless with iCollector but more importantly they have produced new and fresh buyers to our company." Tad continues "there are many options we could use for Internet bidding, but we were most impressed with the quality of customer service, the integrity of the principals, and how much international advertising value we realized by being in the eBay database for 10 days prior to the auction. This international online Internet presence has elevated our stature in the market place immeasurably. Thanks iCollector." Best of the West Art Gallery is a division of Best of the West Auctions LLC. They conduct several Western Art & Collectibles Auctions and art shows per year in Colorado. Best of the West is also a broker of fine Western Art. Several years ago they made a commitment to foster a new national focus on the Broadmoor Art Academy and the important contribution this group of artists have made to the art heritage in Colorado and the region. This focused effort had garnered the auction house nationally important stature as sellers of this family of art. About iCollector.com iCollector.com is the pre-eminent supplier of live online auction technology and services to some of the world's most prestigious galleries and industrial auction houses and operates one of the largest eBay Live Auction sales and support centers in the world. It is the only auction technology company to be endorsed by the National Auctioneers Association (NAA) and has partnered with eBay Live Auctions in streamlining the process of broadcasting auctions real-time on the Internet. iCollector's technology enables auction houses to open their establishments to the world by allowing online bidders to participate in real-time on the auction floor. Visit www.icollector.com or (www.icollector.com/ourtechnology.aspx) About Ableauctions.com Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and on-line auction facilitator that operates the domains iCollector.com, Naalive.com, Unlimited Closeouts.com and iTrustee.com. As an on-line auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art 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. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions. As a liquidator, the Company, through Unlimited Closeouts and iTrustee, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com This press release contains forward-looking statements, particularly as related to, among other things, the business plans of the Company, statements relating to goals, plans and projections regarding the Company's financial position and the Company's business strategy. The words or phrases "would be," "will allow," "intends to," "may result," "are expected to," "will continue," "anticipates," "expects," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers" or similar expressions are intended to identify "forward-looking statements." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the performance of our staff, management, financing, competition, on-line auction business, our ability to implement or manage our expansion strategy, general economic conditions, our ability to license our software to other auction houses, our ability to acquire profitable companies and integrate them into our business successfully and other factors that are detailed in our Annual Report on Form 10-KSB and on documents we file from time-to-time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company's expectations and estimates. The Company does not realize nor book the full revenue of auctions that it facilitates in its financials, only the net auction fees, that can vary from time-to-time, that it realizes. |