SOURCE: Auctions International Inc.

October 11, 2007 10:00 ET

Auctions International Subsidiary Signs 50th Dealership to AutoBidLive

KELOWNA, BC--(Marketwire - October 11, 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 50th car dealership to its real-time, online auction community. Serving only licensed automotive dealers and industry wholesalers, AutoBidLive is designed to create high visibility and transactional volume for any sized dealership, with the ability to move inventory and build a professional network to conduct business 24/7/365.

"We are very pleased to reach our first milestone of 50 members, since launching AutoBidLive just under three months ago," said president of Auctions International, Douglas Mann. "By bringing together geographically dispersed dealerships throughout North America, our members can expand their sourcing of vehicles, leverage favorable exchange rates on the Canadian to U.S. dollar to grow margins, and complete transactions in regions that were previously uneconomic. Now that we are executing a North American marketing campaign to increase awareness of AutoBidLive, we expect to rapidly grow our membership base in the coming months."

The AutoBidLive site has attracted a number of U.S. dealerships from the states of Connecticut, Florida, Virginia, Maryland, Wisconsin, North Carolina, Massachusetts and New Hampshire. In Canada, dealer-members operate in the provinces of British Columbia, Manitoba, Ontario, Alberta, New Brunswick and Saskatchewan.

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

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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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