Holiday Season May Bring Renewed Interest in BizAuctions (OTC:BZCN.OB)
As the holiday season fast approaches during one of the most hard hit economic times in recent memory, certain discount companies look to profit and gain recognition, differentiating themselves from the pack.
One of these such companies is BizAuctions Inc. (OTC:BZCN.OB), which is quickly gaining momentum in a $60B excess inventory liquidation market. The concept is simple, they offer eBay liquidation services for companies who have excess inventory, returns, and overstock items. Given that eBay is one of those companies which is recession proof, investors should feel a little more confident should they choose to place their eggs in this basket. At first glance, this may seem like a simple concept, however it made them a hefty revenue of $1,340,904 during six months ended June/30/2009, and that’s not too bad for a high growth company worth an estimated $640M in market cap.
Despite the struggling economy, BizAuctions has continued to decrease operating and net losses, all the while maintaining a revived sense of optimism after eBay (NASDAQ:EBAY) hit their highest level in 10-months and exceeded Wall Street’s forecast.
BizAuctions also runs a retail clothing store named “Lucky 7’s” which opened at the Chula Vista Center, on May/29/09 next to Macy’s in Chula Vista, CA. It is also important to remember that during the last holiday season in December of 2008, the company’s shares reached a one year high of 0.11 price per share.
About BizAuctions Inc.
Bisections Inc. is a provider of commercial eBay liquidation services for excess inventory, overstock items, and returns for retailers, manufacturers, and distributors. The Company sells from home goods, brand name clothes and electronics. The Company lists the merchandise through software which is integrated and compliant with eBay. Once an auction ends, payment is collected via PayPal or credit card. The Company is providing liquidation services to retailers in California, Arizona, and Colorado, and is in the process of expanding into other states.
The full special report on the company appears today at http://www.stockshaven.com/holiday-season-may-bring-renewed-interest-in-bizauctions-otcbzcn-ob/
Disclosure: Long BZCN
About MiV Investments Inc.
MiV Investments Inc. can be found at StocksHaven.com. It is a company offering a news portal covering the world financial news and equities sector. It features its own blog, free level 2 quotes, two way linking capability, mass e-mail distribution alerts, stock research reports, conference calls, news feeds, mailing list, videos, press release capability, stock commentaries, company reviews and other unique content including expert stock analysis from Michael Vlaicu. The company also offers Investor Relations contracting services.
For more financial and investment news, visit www.StocksHaven.com
Certain sections of this report contain forward-looking statements that are based on our reporters’ expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements, which include but are not limited to projections of revenues, earnings, segment performance, cash flows, contract awards, FDA announcements, trial and drug approvals, and company stability. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors including but not limited to the status or outcome of legal and/or regulatory proceedings.
All forward-looking statements speak only as of the date of this report or, in the case of any document incorporated by reference, the date of that document. All subsequent written and oral forward-looking statements attributable to the company or any person acting on the company’s behalf are qualified by the cautionary statements in this section. StocksHaven.Com on behalf of MiV Investments Inc. does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this report.
- Contact Information
- Michael Vlaicu
- CEO and President
- MiV Investments Inc.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.