Liquidation World Inc.

Liquidation World Inc.

November 17, 2010 12:07 ET

Liquidation World Announces the Grand Opening of 6 New LW Stores Across Canada

BRANTFORD, ONTARIO--(Marketwire - Nov. 17, 2010) - Liquidation World Inc. (TSX:LQW), ("LW") is pleased to announce the grand opening of 6 new "LW – Everybody's Outlet Store" locations. These new LW locations will all be opening in various communities across Canada the week of November 15th.

The new locations are located in: British Columbia (Richmond and Duncan); Alberta (Calgary; St. Paul); and Ontario (Scarborough and Windsor). Two of the six locations (Duncan and St. Paul) are replacing older Liquidation World stores that are closing this week; one location (Richmond) is replacing a Liquidation World store that closed in July, 2010.

The six new outlets will open during the height of the busy holiday shopping season and will serve as benchmarks in terms of merchandise presentation and mix, store layout, customer traffic and sales.

"We have carefully researched and identified these locations as key markets and we are confident that LW brand will thrive in these markets," commented Seth Marks, LW President and CEO. "This is an exciting and encouraging time in our business. We look forward to announcing the opening of more LW locations, as we progress into the new calendar year."

With the addition of these new outlets, the Company will bring the "LW – Everybody's Outlet Store" banner to 47 out of a total of 92 locations in Canada. LW continues to search for store locations in new markets, as well as to evaluate current "Liquidation World" banner stores for the potential to rebrand the stores under the "LW—Everybody's Outlet Store" banner.

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.

About Liquidation World

Liquidation World liquidates consumer merchandise through 92 stores in Canada and one in the United States. The Company solves asset recovery problems in a professional manner for the financial services industry, insurance companies, manufacturers, wholesalers and other organizations. Liquidation World is based in Brantford, Ontario. The Company opened its first store in Calgary, Alberta in 1986 and today, with more than 1,500 employees, is Canada's largest liquidator.

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