purchasing agreement with GE Capital Corp.

FOR IMMEDIATE RELEASE

OF INTEREST TO: INTERNET COMMERCE EDITOR INTERNATIONAL COMPUTERS SALES

The Auction Depot Limited has entered into a purchasing agreement with GE Capital Corp. to dispose computer assets through the Internet Auction.

San Jose: Thursday, September 14, 2000

The Auction Depot Limited is now celebrating its 3rd profitable year of internet auctions. We are rated among the top 10 internet computer auctions. Sales have doubled every year and are accelerating. Ge Capital Corporation is now selling their off lease and store return computer inventory to the Auction Depot.

In an industry were overheads have stripped all possibility of achieving profits the auction depot has been profitable and self financing since its start. This is attributed to the unique database management system that drives the operation.

Unlike many of our competitors we have turned away Venture capital companies. We felt that going public would put sales volume ahead of profitability and eventually ruin the company for the sake of share value.

Repeat customers represent more that 75% of sale., The Auction Depot sells in both Canada and the US.

Contact:
Bill Acri
www.auctiondepot.com
info@auctiondepot.com
PH: 416 489 8322