SOURCE: Auctions International Inc.

November 05, 2007 13:00 ET

Auctions International Teams With uShip to Offer Real-Time Bidding and Pricing on Transportation Services at AutoBidLive

KELOWNA, BC--(Marketwire - November 5, 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, has entered into an industry alliance with uShip, Inc. (www.uShip.com), the first and largest online marketplace for shipping and moving. Over 70,000 transportation service providers are registered members of uShip's online marketplace. Members of Auction International's wholesale automotive real-time auction site AutoBidLive can list the vehicles they need shipped, and receive bids from uShip members. uShip members are feedback-rated service providers and include movers, carriers, transporters, van lines, freight brokers and independent service providers.

uShip members save up to 80% compared to traditional shipping prices by matching freight and other large items with feedback-rated drivers, couriers, and movers, who can identify excess shipping and moving capacity along their routes in real time. "We are impressed with uShip's depth of experience and their ability to attract such a diverse and expanding network of providers in the transportation industry. The addition of innovative services, like uShip, are designed to minimize cost and maximize operational efficiencies along the supply chain for each AutoBidLive transaction," said Douglas Mann, CEO of Auctions International. "Buyers are able to determine what the transportation costs are during the bidding process. This is industry leading and a huge benefit to facilitate the transaction."

On any given day, there are thousands of active shipments listed on uShip, representing millions of dollars of business. With high diesel prices, service providers have more incentive than ever to maximize capacity on every mile of a haul. uShip allows them to do this efficiently by providing the most accurate and detailed searches of any shipping services in the marketplace.

"uShip is excited to be working with AutoBidLive Auctions," stated uShip CEO Matthew Chasen. "The uShip Shipping Price Estimator is a turnkey solution that is ideal for online auction sites like AutoBidLive, as it provides buyers with real market data about shipping prices, allowing them to make more informed buying decisions for individual auctions."

About uShip

Founded in 2003, uShip is the first and largest online marketplace for shipping services. Members list anything they need shipped in a variety of categories, including household goods, motorcycles, boats, freight, and vehicles. Members then receive bids from over 70,000 feedback-rated movers, carriers, transporters, van lines, freight brokers, and other specialty service providers. On any given day, the uShip marketplace has thousands of shipments representing millions of dollars in business. It is totally free for members to list shipments and for service providers to place bids. uShip's reverse-auction format dramatically reduces the cost of shipping by allowing service providers to find shipments along their routes and fill empty cargo space. uShip's feedback system holds service providers accountable for their service while rewarding those that perform well.

About Auctions International Inc.

Through its wholly owned subsidiary, AutoBidLive (www.autobidlive.com), Auctions International Inc. is targeting over 65,000 North American licensed pre-owned auto dealers to join other licensed, qualified dealers in a dynamic real-time online auction, reducing dependence and costs associated with physical auctions. By utilizing state-of-the-art technology, AutoBidLive enables its members to make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. Through a growing network of industry partnerships, AutoBidLive also provides value along the supply chain, including enabling its members to receive real-time bids for transportation of vehicles.

In addition to AutoBidLive, Auctions International Inc. has identified multiple commodity verticals, including industrial products, airplanes, artwork, stamps, and boats, which could benefit from its leading-edge online auction technology platform. For more information, visit Auctions International's corporate site at www.AuctionsIR.com.

SafeHarbor

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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