LAS VEGAS, NV--(Marketwired - Jul 11, 2014) - BizAuctions (OTC Pink: BZCN) (
Delmar Janovec, BizAuctions' CEO, comments, "The Company has been redefining its business model for the last eight (8) months and has been exploring potential business opportunities both inside and outside of our market sector in the State of Colorado. We entered into an Engagement Agreement with the law firm of Hoban & Feola LLC on July 10, 2014 in order to fully evaluate these opportunities and to better understand the regulations within the Cannabis-Marijuana industry in the State of Colorado. Hoban & Feola LLC, www.hobanandfeola.com, is one of the premier law firms in this industry and will provide the Company with in-depth knowledge of this new market sector while assisting us in identifying the business opportunities which have the potential of maximizing our efforts to deliver the highest return to our shareholders. We will keep our shareholders and investment community updated as to our progress in this business endeavor."
BizAuctions is a prime provider of commercial liquidation services for excess inventory, overstock items, and returns. Our clients have included some of the Nation's leading retail names at the forefront of their industries.
We provide our clients with a new sales channel to generate additional revenue on excess inventory, while at the same time freeing up their valuable storage and retail space.
With a long-term strategy to provide liquidation services to Fortune 1000 enterprises, BizAuctions is a clear solution for most any business to liquidate its excess inventory.
The Company encourages the public to read the above information in conjunction with its year-end statement for December 31, 2013, and the quarterly statements filed in calendar year 2014, at www.OTCMarkets.com.
The information contained in this press release may include forward-looking statements. Forward-looking statements usually contain the words "may," "could," "possibly," "feel," "estimate," "anticipate," "believe," "expect," or similar expressions that involve risks and uncertainties. These risks and uncertainties include the Company's uncertain profitability, need for significant capital, uncertainty concerning market acceptance of its services, competition, limited service facilities, dependence on technological developments and protection of its intellectual property. The Company's actual results could differ materially from those discussed herein.