On a cumulative basis, sales for the first two quarters of 2001 totaled $93.7 million, a 12% increase from $83.3 million during the 26 weeks ended April 2, 2000.

Complete financial results of the second quarter of the 2001 fiscal year will be announced mid-May 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 1,600 employees in outlets across Canada and the U.S.