Liquidation World Inc.

Liquidation World Inc.

January 10, 2005 08:00 ET

Liquidation World Q1 Revenue Increases 2.2%


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: LIQUIDATION WORLD INC.

TSX SYMBOL: LQW

JANUARY 10, 2005 - 08:00 ET

Liquidation World Q1 Revenue Increases 2.2%

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2005) - Liquidation World Inc.
(TSX:LQW) (the "Company") announces revenue for the first quarter of the
2005 fiscal year. Revenue for the 13 weeks ended January 2, 2005
increased 2.2% to $51.7 million from $50.6 million during the 13 weeks
ended January 4, 2004.

Complete financial results of the first quarter of the 2005 fiscal year
will be announced in February 2005. Due to fluctuations in gross margins
and other expenses, an increase in revenue does not necessarily lead to
an increase in net earnings.

In December 2004, a new outlet was opened in Prescott, Ontario which
will leverage off of the existing support infrastructure the Company has
in south western Ontario.

About Liquidation World

Liquidation World plays a fundamental role in addressing the
ever-present imperfections in the manufacturer-retail relationship. The
Company offers services that include the retail liquidation of consumer
merchandise through 105 outlets across North America, as well as
auctions, and store closure sales management. Liquidation World solves
asset recovery problems, in a professional manner, for the financial
services industry, insurance companies, manufacturers, and other
organizations. Liquidation World opened its first retail outlet in 1986
and is now the largest liquidator in Canada, with more than 1,800
employees in outlets and offices across Canada and the United States.

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