Liquidation World: Liquidation World Q1 Revenue Increases 2.2%

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Liquidation World Q1 Revenue Increases 2.2%
Jan. 10, 2005 – Calgary, Alberta

Jan. 10, 2005 – Calgary, Alberta Liquidation World Inc. (LQW – TSX) (the “Company”) announces revenue for the first quarter of the 2005 fiscal year. Revenue for the 13 weeks ended January 2, 2005 increased 2.2% to $51.7 million from $50.6 million during the 13 weeks ended January 4, 2004.

Complete financial results of the first quarter of the 2005 fiscal year will be announced in February 2005. Due to fluctuations in gross margins and other expenses, an increase in revenue does not necessarily lead to an increase in net earnings.

In December 2004, a new outlet was opened in Prescott, Ontario which will leverage off of the existing support infrastructure the Company has in south western Ontario.

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 105 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.

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) 291-130

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	Liquidation World Q1 Revenue Increases 2.2% Jan. 10, 2005 – Calgary, Alberta
	Jan. 10, 2005 – Calgary, Alberta Liquidation World Inc. (LQW – TSX) (the “Company”) announces revenue for the first quarter of the 2005 fiscal year. Revenue for the 13 weeks ended January 2, 2005 increased 2.2% to $51.7 million from $50.6 million during the 13 weeks ended January 4, 2004. Complete financial results of the first quarter of the 2005 fiscal year will be announced in February 2005. Due to fluctuations in gross margins and other expenses, an increase in revenue does not necessarily lead to an increase in net earnings. In December 2004, a new outlet was opened in Prescott, Ontario which will leverage off of the existing support infrastructure the Company has in south western Ontario. 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 105 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. 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) 291-130