Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) is pleased to announce its highest ever quarterly sales occurred during the first quarter of the 2001 fiscal year. Sales for the 13 weeks ended December 31, 2000 increased 10% to $48.8 million from $44.5 million during the 13 weeks ended January 2, 2000.

"We are pleased to tack 10% onto last year's sales," said company Founder, President and C.E.O. Dale Gillespie. "Last year included sales from a $1.5 million recreation vehicle auction, which, of course, yields a lower margin. And we only had 4 more outlets operating for most of the period."

Complete financial results of the first quarter of the 2001 fiscal year will be announced in mid-February 2001.

Liquidation World is a liquidator of consumer merchandise through 88 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.

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) 291-130