FIFE, Wash.--(BUSINESS WIRE)--Jan. 12, 2004--Ableauctions.com Inc. (AMEX:AAC - News; the "Company") announced today that is has entered into an agreement with Vancouver based Seahawk Auctions, one of the premier native art auction houses on the North American West Coast, to broadcast their Internet auctions exclusively for a period of three years. Under the terms of the agreement, effective January 1, 2004, Ableauctions will broadcast all of the Client's Internet auctions exclusively for a period of three years either on its own technology or through eBay Live Auctions.

Seahawk Auctions specializes in western and regional art, antique western collectibles and native items, as well as antiques related to the historic old west. Its partner company, West Coast Estates Auctions, provides Seahawk with an international reach in sourcing its native art and selling it in their auctions.

Seahawk Auctions draws from over a decade of experience in their field and is an expert source for high quality Northwest Coast Native Art and Artifacts. Their focus is predominantly on Old Northwest Coast Art and Native Art throughout North America and the World.

The online technology services provided by the Company have given Seahawk Auctions the international reach in selling to their clients and thus achieving higher prices for their consignors while maintaining a competitive environment for all their bidders.

About Ableauctions.com

Ableauctions.com is a high-tech auctioneer that conducts auctions live and simultaneously broadcasts them over the Internet. With the experience of 3,000 auctions, the Company has developed its own 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. For a comprehensive Corporate Update and prior releases, visit www.ableauctions.com. For more information, contact Investor Relations at investorrelations@ableauctions.com.

About iCollector.com

iCollector.com is a wholly owned subsidiary of Ableauctions and is the independent connection to the world's auction houses. It was the first company dedicated to trading antiques, fine art and premium collectibles on the Internet and today represents some of the world's leading auction houses. Since January 2001, it has broadcast hundreds of live auctions in real-time on eBay Live Auctions, directly from the salesroom as the auction happens, selling tens of thousands of lots to many thousands of users online. With its unparalleled understanding and expertise in this sector, iCollector can help you to maximize your opportunities to find, buy or sell art, antiques and collectibles online.