Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) announces Sales for the first quarter of the 2002 fiscal year. Sales for the 13 weeks ended January 6, 2002 remained consistent at $48.7 million from $48.9 million during the 13 weeks ended December 31, 2000.

Complete financial results of the first quarter of the 2002 fiscal year will be announced in mid-February 2002.

Liquidation World is a liquidator of consumer merchandise through 93 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 and sales 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.