| August 23, 2007 First Official War Commands for U.S. Army to Be Auctioned at Early American History Auctions, Inc. Ableauctions.com (AMEX:AAC - News) announced today that it will host Early American History Auctions, Inc. five day August "Mail Bid & Internet" auction on August 24th, 26th, and September 8, 2007, on eBay Live Auctions through its subsidiary iCollector.com. This event will feature autographs, coins, currency, encased postage, Civil War material, prints and other historic Americana items. The auction house will showcase the highly anticipated first official commands for the United States Army. This original American military document dated June 14th to June 16th, 1775, represents the direct orders of the Commanding General of the American Forces, General Artemas Ward, Commander of the American Continental and Patriot Militias at Cambridge, on the three days immediately prior to the Battle of Bunker Hill. These orders are dated June 14th, 1775, the official founding date of the United States Army by the Continental Congress. That date has since been known and celebrated across America as "Flag Day." Also noteworthy is a Johann Gottlieb Rall signed military order as directed from British General Howe. Rall was the Hessian commander killed at the 1776 battle of Trenton on December 26, 1776. This document is a pass which was signed less than two weeks prior to his death. Highlights of the auction include a 1792 struck in silver half dime, nine "John W. Norris" 5 cent pieces, which are the finest of only two that the have been offered in three decades, and a 1783 official American Revolutionary War "payment & loan" act of Congress. Other items of interest are an elusive key merchant type 5 cent "Drink Sands' Ale," and a "Hunt & Nash, Irving House" ribbed frame 12 cent piece. Also available will be a 1694 Proprietors with "O over E" type Carolina elephant token, and a 1787 New Jersey copper outline shield maris. Early American History Auctions, Inc. has been in business since 1983. The auction house specializes in historic Americana items, colonial coins, and encased postage stamps. They offer four printed and four Internet-only auctions per quarter and have been successful in generating millions of dollars in revenue since the conception of Early American History Auctions, Inc. They pride themselves in being highly reliable and responsible in every auction that they undertake. For more information on this auction please 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. |