Liquidation World Inc.
TSX : LQW

Liquidation World Inc.

January 10, 2007 08:00 ET

Liquidation World Announces Fifth Consecutive Quarter of Record Revenue

Net 10 New Stores Added During the Quarter

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2007) - Liquidation World Inc. (TSX:LQW) today announces that revenue for the thirteen week quarter ended December 31, 2006 increased 13.0% to $64.5 million from $57.1 million during the quarter ended January 1, 2006. Same store sales for the quarter increased 2.9% over the prior year in Canadian currency and 3.7% before converting US revenue to Canadian currency.

The Company started the fiscal year with 106 outlets and during the quarter, opened 11 new stores and closed one. New locations include Leamington, ON; Swift Current, SK; Wetaskiwin, AB; Whitehorse, YT; Surrey, BC; Powell River, BC; Vernon, BC; Saint John, NB; Port Colborne, ON; Steinbach, MB; and Aberdeen, WA. The one outlet closed was located in North Vancouver, BC. The new stores were opened at various points during the quarter and, on average, each new store was open for approximately half of the quarter.

At the end of the quarter the Company had 116 stores in operation. As previously reported, the Company anticipates having 125 stores in operation by the end of fiscal 2007, and is presently on track to reach that target.

Complete financial results of the first quarter of the 2007 fiscal year will be announced in February 2007.

Liquidation World will hold its 2006 Annual General and Special Meeting on February 8, 2007 at the Calgary Chamber of Commerce, Robert Brown Jr. Room #205, 100 - 6 Avenue SW, Calgary, AB at 3:00 pm. The Company will also host a lunch and presentation for interested investors in Toronto on February 13, 2007.

About Liquidation World

Liquidation World liquidates consumer merchandise through 116 retail outlets located throughout Canada and the northwest US. The Company solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers, wholesalers and other organizations. Liquidation World opened its first retail outlet in Calgary, Alberta in 1986 and, today, with more than 2,000 employees, is one of the largest liquidators in North America.

Forward-Looking Statements

This release includes forward-looking statements and potential future circumstances and developments. Forward-looking statements regarding future performance are subject to risks and uncertainties, and actual results may differ materially. Due to fluctuations in gross margins and expenses, an increase in revenue does not directly correlate to an increase in net earnings.

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