Liquidation World Inc. (LQW - TSE; LIQWF - Nasdaq) is pleased to announce the results of operations for the thirteen weeks ended April 2, 2000. Sales increased 11% to $38,770,000 from $34,826,000 during the corresponding period in 1999. Net earnings increased 47% to $1,035,000 ($0.13 per share) during the second quarter of fiscal 2000 from $703,000 ($0.09 per share) during the corresponding period in fiscal 1999.

On a cumulative basis, sales increased 8% to $83,316,000 from $76,789,000 during the twenty six weeks ended April 4, 1999. Net earnings increased 36% to $2,869,000 ($0.35 per share) during the first half of fiscal 2000 from $2,104,000 ($0.26 per share) during the first half of fiscal 1999.

"We are pleased with our new initiatives, specifically with iSolve.com, a business-to-business internet company that we announced an alliance with on February 8, 2000", said Dale Gillespie, President and C.E.O. "Our relationship with iSolve has given us a better understanding of the e-commerce opportunities available to our Company, particularily as they relate to the procurement side of our business. B2B internet companies, and iSolve in particular, possess unique advantages in accessing surplus inventories. We are endeavoring to harness those talents to our own advantage, and substantially increase our exposure to and coverage of the U.S. market place".

Liquidation World is a retail liquidator of consumer merchandise through 86 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 1600 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