News Releases - 2004


Home > Investors > News Releases > 2004 >Liquidation World Buys Back 126,400 Shares Pursuant to its Normal Course Issuer Bid

Calgary, June 23, 2004

Liquidation World Inc. (LQW – TSX) announces it has repurchased 126,400 of its common shares pursuant to its Normal Course Issuer Bid. Liquidation World announced on April 27, 2004 its intention to acquire up to 427,000 common shares as it believes the common shares are undervalued at current market prices, based on current earnings and future prospects of the Company.

About Liquidation World
Liquidation World Inc. offers a uniquely diversified menu of solutions for organizations with asset recovery issues. Services include auctions, reverse logistics and processing, store closure sales management, consulting, and retail liquidations of consumer merchandise through 100 outlets across Canada and the United States. Liquidation World solves asset recovery problems, in a professional manner, for the financial services industry, insurance companies, manufacturers and other organizations. Liquidation World opened its first retail outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees.

This release includes forward-looking statements and potential future circumstances and developments. Forward-looking statements regarding future performance are subject to risks and uncertainties and actual results may differ materially.

For more information, please contact:
Mr. Darren Gillespie, Senior Executive Vice President & Co-C.E.O.
E-mail: darreng@liquidationworld.com
Website: www.liquidationworld.com
Telephone (604) 589-7111, ext. 223
Fax: (604) 583-2255

Mr. Andrew Searby, C.A., Executive Vice President and CFO
E-mail: investorinfo@liquidationworld.com
Website: www.liquidationworld.com
Telephone (403) 250-1222
Fax: (403) 291-1306

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