SOURCE: IO News Wire

IO News Wire

November 20, 2009 07:30 ET

(PINKSHEETS: BZCN) Benefiting From $60 Billion Excess Inventory Market

Note to Editor: The Following Is an Investment Opinion Issued by the IO News Wire

NEW YORK, NY--(Marketwire - November 20, 2009) - BizAuctions, Inc., (PINKSHEETS: BZCN) announced yesterday that their total eBay bids for the past 90 days has exceeded 12,000 bids.

BizAuctions, a Titanium Powerseller on eBay, is addressing the nearly $60 billion dollar excess inventory issue that top companies face. Businesses across all industries are dumping excess inventory during these uncertain economic times. A recent survey by the U.S. Commerce Department stated that companies nationwide have reduced inventory by 13.4% in the past year alone.

Several well known companies like Under Armour and Motorola are selling overstocked inventory or excess inventory to third party resellers. BizAuctions should prosper from other companies cutting back inventory to bolster balance sheets.

Other active stocks are eBay Inc (NASDAQ: EBAY) Big Lots (NYSE: BIG) Interact Holding Group (PINKSHEETS: IHGP)

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid IO News Wire twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send No Faxes or emails.

Contact Information