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Delmar Janovec, CEO said, "BizAuctions has entered into a Letter of Intent with Midwest Outlet Centers to form a Joint-Venture for the purpose of selling its slow moving merchandise that is not conducive to the eBay business model. Certain merchandise could bring a higher price when sold through an Outlet Center versus our eBay business model. Most Outlet Centers draw their customers from a wide geographic area and enjoy an established customer base. This would provide BizAuctions with more options as to how certain merchandise could be sold to the consumer. We are looking forward to working with Tina Palazzola of Midwest Outlet Centers in developing a good business relationship that should prove to be beneficial for both companies".
Tina Palazzola, President of Midwest Outlet Centers noted, "We believe that Midwest Outlet Centers can provide BizAuctions another venue for the sale of their name brand products and we are hopeful the companies can build a long-term business relationship."
"BizAuctions employs two primary business models, whereby it liquidates inventory through eBay on consignment for a lucrative commission; and/or it purchases inventory at a fraction of retail price for the purpose of liquidating it for a profit. BizAuctions consigns, buys inventory, and liquidates through eBay and its recently opened retail store, Lucky 7's, and soon through Midwest Outlet Centers" continues Janovec.
More Information:
www.bizauctions.com
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