Press ReleaseSource: Auctions International Inc.

Auctions International Inc. Announces First Transaction at AutoBidLive.com Dealer Website
Thursday September 25, 2008 8:30 am ET

KELOWNA, BC--(MARKET WIRE)--Sep 25, 2008 -- Auctions International Inc. (Other OTC:AUCI.PK - News), a technology company that owns and markets proprietary software that enables real time online auctions of virtually any commodity in the wholesale market, announced today that the first sale was registered and completed at wwwAutoBidLive.com on August 18, 2008.

Doug Mann, President and CEO, said, "The first sale was longer in coming than was anticipated, but the software worked flawlessly and reported all the bidding activity to management. The fact that this milestone sale went through automatically and without any intervention can be attributed to the excellence of site design and software quality."

"This is the solid proof that we needed. At least two dealers have decided it was more cost effective to use our process than a physical auction. We are extremely pleased and look forward to additional sales running through the site as dealers become aware of www.AutoBidLive.com and its unique auction platform that allows dealers to expose all inventories at virtually no risk and minimal effort -- the seller ultimately decides how and when to transact the sale. There is no cost to the dealer to get this added exposure to help move product. As long as the selling dealer obtains his price, it really doesn't matter where the car is sold. When a trade is completed, the buyer and seller each pay a $100 fee. Today there are 1,200 vehicles posted on the site from various dealers in USA and Canada," added Mann.

About Auctions International Inc.

Through its wholly owned subsidiary AutoBidLive, Auctions International Inc. is set to bring together over 65,000 North American licensed pre-owned auto dealers into a dynamic online auction reducing their dependence on physical auctions. By utilizing state-of-the-art technology, dealers can make bids in real time, move inventory, and search and buy vehicles specific to consumers' needs. For more information, visit www.AutoBidLive.com.

In addition to online automobile auctions for the wholesale market, Auctions International Inc. has identified multiple commodity verticals, which could benefit from its leading-edge online auction technology platform. Additional information about Auctions International Inc. as well as corporate structure and stock capitalization can be viewed on the Company's website at www.auctionsintinc.com or www.AuctionsIR.com.

This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity, access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward-looking statements contained in this press release are also subject to other risks and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect.


Contact:
     For Auctions International, contact:
     Doug Mann
     President and CEO
     Auctions International Inc.
     dgmann@auctionsintinc.com
     250-317-8885
     http://www.auctionsintinc.com
     AutoBidLive Auctions Inc.
     http://www.autobidlive.com
      

Source: Auctions International Inc.


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