BizAuctions, Inc. is a provider of eBay liquidation services for excess inventory, overstock items, and returns for retailers, manufacturers, and distributors. The Company operates within the eBay marketplace through its online auctions of merchandise. With a worldwide audience of approximately 290 million registered users, eBay provides the Company a forum to market and sell its merchandise in a bidding format. The Company has contracted with retailer-wholesalers in their respective industry to purchase salvaged merchandise at a discount and sell on eBay, Amazon, Craig�s List, and its Lucky 7�s retail-outlet stores. This salvaged merchandise is generally overstock inventory, display models, and customer returns. The Company sells general merchandise, home goods, appliances, clothes and electronics. BizAuctions lists the merchandise through Kyozou software. Once an auction ends, payment is collected via PayPal or credit card.