Real Estate Auctions Are off to a Strong Start in 2008

OJAI, Calif.--(Business Wire)--Ableauctions.com (AMEX:AAC) announced today that NAALive real
estate auctions are off to a strong start in January 2008.

In the first 3 weeks of 2008, NAALive has listed 8 real estate
auction sessions. Based on the current housing market conditions in
the United States, the Company believes that 2008 could be a very
active year for real estate auctioneers from coast to coast. Starting
the season are auction houses such as Bar None, Mickey Duckett, Reck
AgriRealty, Higgenbotham Auctioneers and John Bickel & Associates.

"Real estate auctions have overwhelmingly demonstrated an ability
to sell, or strongly influence, the sale of properties online. In the
face of the US housing market concerns, we expect more and more
people, particularly out-of-state and foreign investors, to utilize
online auctions in purchasing properties," states Abdul Ladha, the
Company's President & CEO. "One of the most telling signs for the
newfound respect of auctions is acceptance among traditional real
estate brokers."

Over the past few years, auctioneers have experienced a growth in
the number of first-time sellers. Today, the auction market for real
estate has grown to $65 billion-plus in sales and according to a study
done by the National Association of Realtors, the future of the real
estate auction business is heading towards one in every three
properties being sold or influenced using an auction listing.

For more information on these sales and others please go to:
www.naalive.com.

About NAALive.com

NAALive is an Internet-based broadcast service for NAA members who
conduct real auctions. Utilizing NAALive's real-time software, auction
houses broadcast over the Internet and online bidders participate in
live auctions as if they were physically present at the auction.
NAALive also enables bidders to review auction catalogs and place
absentee bids prior to an event. NAALive is rapidly becoming the
standard for live Internet auctions and the premier Web site for
consumer access to the auction industry. This means thousands more
potential bidders for your auctions. For more information visit
www.naalive.com.

About Ableauctions.com

Ableauctions.com Inc. (AMEX:AAC) is a high-tech liquidator and
on-line auction facilitator that operates the domains iCollector.com,
Naalive.com and Unlimited Closeouts.com.

As an on-line auction facilitator, the Company, with the
experience of over 3,000 auctions, has developed state-of-the-art
technology to broadcast auctions over the Internet
(www.ableauctions.com/technology) and currently provides the
technology and related services to auction houses, enabling them to
broadcast auctions over the Internet. The Company broadcasts business
and industrial auctions over the Internet for auctioneers and members
of the National Auctioneers Association (NAA) and art, antique and
collectible auctions for numerous galleries and auction houses around
the world through eBay Live Auctions.

As a liquidator, the Company, through Unlimited Closeouts,
purchases overstocks, order cancellations and discontinued products
from major manufacturers and importers, then sells the merchandise to
major retail chains, other resellers or the public.

For a comprehensive Corporate Update and prior releases, visit
www.ableauctions.com. For more information, contact Investor Relations
at investorrelations@ableauctions.com.

This press release contains forward-looking statements,
particularly as related to, among other things, the business plans of
the Company, statements relating to goals, plans and projections
regarding the Company's financial position and the Company's business
strategy. The words or phrases "would be," "will allow," "intends to,"
"may result," "are expected to," "will continue," "anticipates,"
"expects," "estimate," "project," "indicate," "could," "potentially,"
"should," "believe," "considers" or similar expressions are intended
to identify "forward-looking statements." Actual results could differ
materially from those projected in the forward-looking statements as a
result of a number of risks and uncertainties. Such forward-looking
statements are based on current expectations, involve known and
unknown risks, a reliance on third parties for information,
transactions or orders that may be cancelled, and other factors that
may cause our actual results, performance or achievements, or
developments in our industry, to differ materially from the
anticipated results, performance or achievements expressed or implied
by such forward-looking statements. Factors that could cause actual
results to differ materially from anticipated results include risks
and uncertainties related to the performance of our staff, loss of
management personnel, an inability to obtain financing as and when we
need it, competition from other on-line auction businesses, our
ability to implement or manage our expansion strategy, general
economic conditions, our ability to license our software to other
auction houses, our ability to acquire profitable companies and
integrate them into our business successfully and other factors that
are detailed in our Annual Report on Form 10-KSB and on documents we
file from time-to-time with the Securities and Exchange Commission.
Statements made herein are as of the date of this press release and
should not be relied upon as of any subsequent date. The Company
cautions readers not to place undue reliance on such statements. The
Company does not undertake, and the Company specifically disclaims any
obligation, to update any forward-looking statements to reflect
occurrences, developments, unanticipated events or circumstances after
the date of such statement. E.&O.E.

Coal Harbor Communications
Steve Kubota, 604-699-8615 or Toll Free: 1-866-405-3955
Fax: 604-662-4547
Email: steve@coal-harbor.com or
Email: info@coal-harbor.com
Website: www.coal-harbor.com
or
Ableauctions.com
Vid Wadhwani, 604-521-3369
Email: investorrelations@ableauctions.com
Website: www.ableauctions.com

Copyright Business Wire 2008