SOURCE: Auctions International Inc.

April 24, 2008 08:30 ET

Auctions International Inc. Enters Into Alliance With Cherry Auto Inc. for Joint Marketing of Dealer Inventory

Adds Over 5,000 Vehicle Listings and 40 Dealers to AutoBidLive.com

KELOWNA, BC--(Marketwire - April 24, 2008) - Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software that enables real time online auctions of virtually any commodity in the wholesale market, announced today that it has entered into an industry alliance with Cherry Auto Inc. of Suffolk, VA (http://cherryautonet.com/) to provide car dealers access to another segment of the automotive sales market.

Auctions International has teamed with Cherry Auto Inc. to bundle Car and Truck inventories from Cherry Auto's dealers with AutoBidLive's (www.autobidlive.com) dealer-to-dealer trading platform.

Scott Ehrenfried, President & CEO of Cherry Auto Inc., said, "With this new alliance, we are pleased to expand our sales program by offering our customers another venue to provide market exposure for their vehicles. We will be able to provide AutoBidLive a daily load of our dealers' current inventory, which represents over 40 dealers and 5,000 vehicles. AutoBidLive's unique auction platform allows dealers to expose all inventories at virtually no risk and minimal effort -- the seller ultimately decides how and when to transact.

"We look forward to providing our clients with dramatically increased exposure producing greater productivity as a result of this strategic relationship. Each of our companies will complement the other through joint marketing of our relationship throughout the North American Auto Dealer Network."

Douglas Mann, President of Auctions International Inc., said, "This relationship with Cherry Auto Inc. is a win situation for everyone, especially the car dealer that needs to build market exposure at a time when vehicle sales are slow. This is a milestone for AutoBidLive because we will build the critical mass of dealers and vehicles at no cost to the dealer. Additionally, we'll build a massive inventory of US vehicles to facilitate trades between dealers on a regional basis. Canadian dealers always look to the US markets to identify value priced cars that they can sell to their customers in Canada. This will be a transparent implementation from the dealer perspective and as long as the selling dealer obtains his price, it really doesn't matter where the car is sold. When a trade is completed, the buyer and seller each pay a $100 fee."

About CherryAutoNet.com

Cherry Auto Net exposes used vehicles to literally thousands of buyers on the World Wide Web. The internet has proven to be the most cost effective and informative methods of advertising. The discriminating vehicle shopper wants information fast. Utilizing the internet and a medium such as Cherry Auto to advertise vehicle(s) is an excellent way of having an internet presence. By taking advantage of the space the internet classified offers allows dealers to post detailed vehicle descriptions. Coupled with multiple vehicle photos and the ability to "tell the story" about the vehicle or dealership along with contact options, you have a much better chance of appealing to potential buyers and making the sale. Cherry Auto services the Hampton Roads region of Virginia. Cherry Auto also has dedicated operations in northeast North Carolina, Richmond, northern Virginia and Maryland. Call 757-925-4976 or email sales@cherryautonet.com to find out more.

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. For more information, visit www.AutoBidLive.com.

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. Additional information about Auctions International Inc. as well as corporate structure and stock capitalization can be viewed on the Company's website at www.auctionsintinc.com or www.AuctionsIR.com.

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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