Liquidation World Inc. (LQW – TSE; LIQWF – Nasdaq) is pleased to announce the results of operations for the 13 weeks ended December 31, 2000. Sales increased 10% to $48,905,000 from $44,546,000 during the 13 weeks ended January 2, 2000. Net earnings increased 25% to $2,284,000 ($0.27 per share) during the first quarter of fiscal 2001 from $1,833,000 ($0.22 per share) during the corresponding period in fiscal 2000.

"Our business is predicated on opportunity," said Dale Gillespie, President and C.E.O. "This economic down turn is providing opportunities for acquiring distress inventories and we expect to see more opportunities for leasing new locations as well."

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) 291-1306