Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) announces the results of operations for the 13 weeks ended January 2, 2000. Sales increased 6% to $44,546,000 from $41,964,000 during the 13 weeks ended January 3, 1999. Net earnings increased 31% to $1,833,000 ($0.22 per share) during the first quarter of fiscal 2000 from $1,402,000 ($0.17 per share) during the corresponding period in fiscal 1999.

"We've worked hard as a Company to find the deals and produce good results", said Dale Gillespie, President and C.E.O. "As always, we are searching for new opportunities for growth and striving to improve efficiency in existing operations".

Liquidation World is a retail liquidator of consumer merchandise through 85 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