Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) announces the results of operations for the 52 weeks ended October 1, 2000. Sales increased 11% to $164,814,000 from $148,958,000 during the 52 weeks ended October 3, 1999. Net earnings increased 23% to $6,298,000 ($0.76 per share) during fiscal 2000 from $5,060,000 ($0.62 per share) during the 1999 fiscal year.

During the final quarter, the thirteen weeks ended October 1, 2000, sales increased to $41,884,000 up 16% over $36,015,000 during the thirteen weeks ended October 3, 1999. Net earnings in the fourth quarter of 2000 increased 23% to $2,409,000 ($0.29 per share) compared to $1,955,000 ($0.24 per share) in the fourth quarter of 1999.

“The Company undertook a number of initiatives during this past year," said Company President, C.E.O. and Founder Dale Gillespie. "While certain costs were associated with the elimination of non-performing business activities, much of our work involved a reorganization of existing management to more effectively manage the Company to where it has grown today. We have now completed 56 consecutive quarters of profitability and are confident that we have begun to see the results of a more focused, accountable and responsive management group that positions us well for the future”.

Liquidation World is a liquidator of consumer merchandise through 89 outlets across North America. The Company conducts Auctions of a diverse range of merchandise and equipment in the Calgary and Edmonton, Alberta markets and through on-site auctions across North America. Liquidation World solves inventory problems, in a professional manner, for banks, receivers, insurance companies, manufacturers and other organizations, and is committed to providing its customers with outstanding value over a broad range of merchandise. Liquidation World opened its first outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets across Canada and the U.S.

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For more information, please contact:
Mr. Dale Gillespie, President & C.E.O.
Mr. Andrew Searby, CA, Chief Financial Officer
E-mail: investorinfo@liquidationworld.com
Website: www.liquidationworld.com
Telephone: (403) 250-1222
Fax: (403) 291-1306