News Releases - 2005


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Calgary, April 11, 2005

Liquidation World Inc. (LQW – TSX) announces revenue for the second quarter, the thirteen weeks ended April 3, 2005, totaled $39.3 million, a 10.1% decrease from $43.7 million during the corresponding period in 2004. Complete financial results of the second quarter of fiscal 2005 will be announced in mid-May 2005.

On a cumulative basis, revenue for the first two quarters of 2005 totaled $91.0 million, a 3.4% decrease from $94.2 million during the 26 weeks ended April 4, 2004.

“Our sales during the first half of last year included two extraordinary purchases from a large bankruptcy and insurance claim in the United States and totaled $8.1 million, of which $4.5 million was realized in the second quarter”, said President and CEO Jonathan Hill. “While such purchases cannot be duplicated each year, we are focused on reducing their impact on our business by improving the management and planning of our existing inventories. In addition to a more focused management team, we are confident that our investment in a more effective merchandise management system will assist in achieving this goal”.

About Liquidation World

Liquidation World plays a fundamental role in addressing the ever-present imperfections in the manufacturer-retail relationship. The Company offers services that include the retail liquidation of consumer merchandise through 104 outlets across North America, as well as auctions, and store closure sales management. 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 1,800 employees in outlets and offices across Canada and the United States.

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. Jonathan Hill, President & CEO
E-mail: jonathanh@liquidationworld.com

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

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