Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) announces revenues for the 53 weeks ending October 7, 2001. Sales for fiscal 2001 were $185.2 million compared to sales of $164.8 million during the 52 weeks ending October 1, 2000, representing a 12% increase, year over year. Fiscal 2001 marks the 15th consecutive year of increasing sales at Liquidation World.

Sales during the fourth quarter of fiscal 2001, the 14 weeks ending October 7, 2001, totaled $49.0 million, a 17% increase from $41.9 million during the corresponding 13 weeks in fiscal 2000.

Complete financial results for fiscal 2001 will be announced in mid December 2001.

Liquidation World is a liquidator of consumer merchandise through 87 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.