SOURCE: Auctions International Inc.

November 29, 2007 13:00 ET

Auctions International Inc. Issues Progress Report to Shareholders

KELOWNA, BC--(Marketwire - November 29, 2007) - Auctions International Inc. (PINKSHEETS: AUCI), a technology company that owns and markets proprietary software that enables real time online auctions of virtually any commodity in the wholesale market, issued today a progress report to shareholders from President Douglas Mann.

Dear Valued Shareholders:

I am very pleased to discuss the material developments at Auctions International since we launched our first technology application, AutoBidLive.com, in July 2007. Operating as a wholly owned subsidiary, AutoBidLive is focused exclusively on facilitating online auctions for qualified, licensed buyers and sellers in the North American automotive wholesale market. We developed AutoBidLive in response to the more than 65,000 licensed pre-owned auto dealers who are seeking to move excess inventory and reduce their dependency on time-consuming, expensive physical auctions.

For the first time in 30 years, buying American cars has never been more attractive for Canadian dealerships. The narrowing parity between U.S. and Canadian currencies has enabled Canadian dealerships to source and purchase from the U.S. at highly competitive rates. A retail price in the U.S. may be close to a wholesale price in Canada. This has encouraged Canadian dealers to join AutoBidLive, and opened up new sales opportunities for American dealerships to gain new business. AutoBidLive enables the seller to post everything for free to get a high level of interest from all over North America. Since we receive fees on completed transactions only, our members avoid the traditional layered costs of other auction sites. In just a few short months, AutoBidLive has gained 68 dealer-members, representing U.S. states coast-to-coast and several large Canadian provinces. We now have 24 vehicles listing on the auction floor, and this number is quickly growing.

We are now focused on increasing our membership base and postings. Our primary challenge is to increase our market awareness and demonstrate the viability of our business model. We have put in place several strategic relationships, such as CarrierRates.com and UShip.com, which allow our members to receive prices and bids on transportation services. These partners and others in the pipeline provide value-added services such as vehicle history reporting and listing services, which makes virtual trading reliable, easy and economically worthwhile. Our partners also will participate in co-marketing our services to their established customer base.

We have identified companies that service the dealers by taking pictures of cars at the dealer's location, entering the vehicle information and details, and forwarding that to newspapers, buy/sell trade publications and other web sites. This marketing model enables any sized dealership, even a single man shop, to compete in AutoBidLive. AutoBidLive will get dealers and cars posted, the service company will get revenue from each trade for vehicles they have pushed through to our site, and the dealers will get added exposure. The service organizations we have identified represent over 5,000 dealers and over one million cars. We hope to finalize an agreement with such a key service organization in the very near future.

Auctions International is carving its niche as the first pure play online auction technology provider serving the B2B wholesale auction market. In addition to online automobile auctions for the wholesale market, Auctions International has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. Additional information about Auctions International as well as corporate structure and stock capitalization can be viewed on our website at www.AuctionsIR.com.

I look forward to providing you additional updates on AutoBidLive's progress and the steps we are taking toward building long-term shareholder value. As always, thank you for your interest and continued support.

Sincerely,

Douglas Mann

President, Auctions International Inc.

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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