SOURCE: Auctions International Inc.

December 07, 2007 08:25 ET

Auctions International Announces New Headquarters

KELOWNA, BC--(Marketwire - December 7, 2007) - Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software to enable real-time online auctions of virtually any product or commodity for use by the wholesale market, announced today that to accommodate the Company's growth, its executive offices are now located at 1001-1329 Ellis Street, Kelowna, BC, Canada, V1Y-9X5. The telephone and fax number will remain the same. The facility is expandable to accommodate growth, and will serve as the location to meet clients and host corporate business meetings.

Doug Mann, president and CEO of Auctions International, Inc., said, "Auctions International has taken tremendous steps forward in re-defining online auctions for the wholesale market. We've aligned with high-value brands like CARFAX, uShip.com, CarrierRates.com and NXGen, and continue to attract members in the U.S. and Canada to our state-of-the-art technology platform AutoBidLive.com. As part of our growth strategies, we've streamlined all of our departments -- sales, business development, accounting, investor relations and management -- under a single executive office to more efficiently serve our customers and industry-leading partners. With greater efficiencies, we also expect to drive down operating costs as we move into the New Year."

About Auctions International Inc.

Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumer's needs. In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. For more information, visit www.AuctionsIR.com and www.AutoBidLive.com.

Safe Harbor

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.

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