September 07, 2007
Ableauctions Financials

Income Statement

PERIOD ENDING 30-Jun-07 31-Mar-07 31-Dec-06 30-Sep-06
Total Revenue 1,834   1,015   1,164   1,238  
Cost of Revenue 964   540   646   733  
Gross Profit 870   475   518   505  
Operating Expenses
Research Development -   -   -   -  
Selling General and Administrative 777   535   93   541  
Non Recurring -   -   -   -   -  
Others 32   39   57   66  
Total Operating Expenses -   -   -   -   -  
Operating Income or Loss 61   (99) 368   (102)
Income from Continuing Operations
Total Other Income/Expenses Net 129   119   (413) 150  
Earnings Before Interest And Taxes 190   20   (44) 48  
Interest Expense -   -   16   0  
Income Before Tax 190   20   (60) 48  
Income Tax Expense -   -   -   -  
Minority Interest -   -   -   -  
Net Income From Continuing Ops 190   20   (60) 48  
Non-recurring Events
Discontinued Operations -   -   -   -  
Extraordinary Items -   -   -   -  
Effect Of Accounting Changes -   -   -   -  
Other Items -   -   -   -  
Net Income 190   20   (60) 48  
Preferred Stock And Other Adjustments -   -   -   -  
Net Income Applicable To Common Shares $190   $20   ($60) $48  

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