LAS VEGAS, NV--(Marketwired - Jun 16, 2014) - BizAuctions, (OTC Pink: BZCN) (
Delmar Janovec, BizAuctions' CEO, comments, "The Company has engaged an attorney to review its financial statements and disclosures to render an Attorney Letter to the OTC Markets that the Company has provided Adequate Current Information, pursuant to the guidelines as required by OTC Markets, and to bring its Limited Status to a Current Status on the OTC Marketplace.
We are re-defining our business model while continuing to move the Company ahead within our industry sector and are exploring numerous business opportunities that exist both within and outside of our industry sectors. The goal is to identify where these new business opportunities exist and in doing so may seek outside assistance from accredited consultants that have the credentials to assist in determining the best possible business opportunity which will maximize our efforts and deliver the highest return for our shareholders. We will keep you 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.PinkSheets.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.