Ableauctions.com to Host the Stephen Passy Auction Through NAALive.com

By Derek Iwasiuk
DomainInformer.com
July 20, 2006

Ableauctions.com has announced that it will host the Stephen Passy "Asphalt, Crushing, and Construction Equipment, Trucks & Trailers" auction through its subsidiary NAALive.com. This auction will feature equipment from K. Barnett & Sons, Inc., including asphalt plants, crushers, concrete equipment, wheel loaders, scrapers, motor graders, brooms, water trucks, utility trucks, van trucks and end and bottom dump trailers.

Stephen Passy, President and Founder of Stephan Passy & Associates, has over thirty-two years of experience in the auction industry. As Vice President of the Construction and Trucking Division of Max Rouse & Sons, Inc., Stephen was involved in over $3 billion in auction sales around the globe. In 1991 he formed Stephen Passy & Associates, which grossed over $60 million. Forke Auctioneers hired him in 1997 and in three years achieved annual gross revenues of $59 million, and the highest net profit single transaction in Forkes' 78-year history. He reactivated Stephen Passy & Associates, Inc. in 1999 and produced gross revenues exceeding $55 million in the first 20 months of business.

About NAALive

NAALive is an Internet-based broadcast service for NAA members who conduct real auctions. Utilizing NAALive's real-time software, auction houses broadcast over the Internet and online bidders participate in live auctions as if they were physically present at the auction. NAALive also enables bidders to review auction catalogs and place absentee bids prior to an event. NAALive is rapidly becoming the standard for live Internet auctions and the premiere Web site for consumer access to the auction industry. This means thousands more potential bidders for your auctions.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and online auction facilitator that operates the domains iCollector.com, NAALive.com and UnlimitedCloseouts.com.

As an online auction facilitator, the Company, with the experience of over 3,000 auctions, has developed state-of-the-art technology to broadcast auctions over the Internet (www.ableauctions.com/technology) and currently provides the technology and related services to auction houses, enabling them to broadcast auctions over the Internet. The Company broadcasts business and industrial auctions over the Internet for auctioneers and members of the National Auctioneers Association (NAA) and art, antique and collectible auctions for numerous galleries and auction houses around the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts, purchases overstocks, order cancellations and discontinued products from major manufacturers and importers, then sells the merchandise to major retail chains, other resellers or the public.

For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at [email protected].