SOURCE: Auctions International Inc.

October 01, 2007 08:30 ET

Auctions International Inc. Subsidiary Signs First Canadian Car Dealership on AutoBidLive

KELOWNA, BC--(Marketwire - October 1, 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 that its wholly owned subsidiary, AutoBidLive, has signed its first Canadian car dealership, Kelowna Volvo/Hyundai based in Kelowna, British Columbia. AutoBidLive is a real-time electronic auction house that serves only Licensed Automotive Dealers and Industry Wholesalers.

A member since July 2007, Adrian Wyant, General Manager at Kelowna Volvo/Hyundai, is enthusiastic about the new auction site. "I like the way the site makes it as easy as possible for dealers. Listing is a simple process; it takes only a few minutes to upload to the site since we have the pictures already. One feature that impresses me is the 'buy-now.' We use the (traditional) auctions and we buy online, but there's not a whole lot of opportunity to list vehicles so other dealers can buy right now without having to wait for an auction to start," he says.

President of Auctions International Inc., Douglas Mann, said, "The majority of Canadian auto dealers are eager to find a cost-effective solution to conduct wholesale trading. Added to this, the parity of the US and Canadian dollars makes it more attractive for Canadian dealers to buy from the USA. AutoBidLive provides high visibility and transactional volume for any sized dealership, with the ability to move inventory and build a professional, licensed and qualified network to conduct business 24/7. We anticipate announcing other memberships in the coming weeks as we actively market the site in both Canada and the U.S."

Any industry, of any size, can be positively transformed through the infusion of live, online auction-enabling technology provided by Auctions International. In addition to online automobile auctions to the wholesale market, the Company has identified multiple commodity verticals, such as industrial products, diamonds, artwork and stamps, which could benefit from its leading-edge online auction technology platform.

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 consumers' needs. For more information, visit

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


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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