Liquidation World Inc.
TSX : LQW

Liquidation World Inc.

March 21, 2006 17:25 ET

Liquidation World Announces Normal Course Issuer Bid

CALGARY, ALBERTA--(CCNMatthews - March 21, 2006) - Liquidation World Inc. (TSX:LQW) announces that it has received approval of the Toronto Stock Exchange to purchase up to 419,000 common shares of Liquidation World Inc. ("Common Shares"), representing approximately 5% of the issued and outstanding Common Shares, by way of a normal course issuer bid made through the facilities of the Toronto Stock Exchange. The bid will commence March 23, 2006 and will terminate on March 22, 2007. Any Common Shares purchased pursuant to the bid will be at the market price of the Common Shares at the time of acquisition. All Common Shares purchased pursuant to the bid will be cancelled. Liquidation World has not purchased any Common Shares in the 12 months preceding the bid.

Liquidation World believes that the Common Shares are undervalued at current market prices based on current earnings and future prospects and that the issuer bid is an appropriate use of corporate funds that will benefit shareholders generally.

About Liquidation World

Liquidation World liquidates consumer merchandise through 106 outlets across North America and also provides store-closure sales management. It 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.

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 other expenses, an increase in revenue does not directly correlate to an increase in net earnings.

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