Heavy Machinery Auction Realizes $420,000 to the Internet -- Facilitated by Ableauctions and NAALive

SAN BERNARDINO, Calif.--March 22, 2006--Ableauctions.com (AMEX:AAC) announced today that the Stephen Passy Auction held February 25, 2006, sold approximately $420,000 to the Internet. Highlights from the auction include the following sales:

Caterpillar 627B Push Pull Motor Scraper            $55,000

1998 CMI/TEREX PRT525 Solid Rubber Tired 
 Roto-Mill Pavement Profiler                        $50,000

Caterpillar 325L Hydraulic Excavator                $39,000

2004 Broce RJ350 Mobile Broom                       $32,000

2005 Ashland l180TS 18CY. Ejector Pull Type
 Hydraulic Scraper                                  $33,000

Stephen Passy, President and Founder of Stephan Passy & Associates, has over thirty-two years of experience in the auction industry. As Vice President of the Construction and Trucking Division of Max Rouse & Sons, Inc. Stephen was involved in over $3 billion dollars in auction sales around the globe. In 1991 he formed Stephen Passy & Associates which grossed over $60 million dollars. Forke Auctioneers hired him in 1997 and in three years achieved annual gross revenues of $59 million, and the highest net profit single transaction in Forkes' 78-year history. He reactivated Stephen Passy & Associates, Inc. in 1999 and produced gross revenues exceeding $55 million in the first 20 months of business.

After their first auction with NAALive, Ned Burleigh of Stephan Passy Auctions said that "they are pleased with the results of the first auction. The ease of the process from start to finish has been unmatched by any vendor in the past." They look forward to continuing their partnership with NAALive for their auctions scheduled for Albuquerque, New Mexico March 28, 2006, and Sioux Falls, South Dakota April 5, 2006. Stephen Passy Auctions have reduced their Internet service fee from 5% to 2.5%.

For more information visit www.passyauctions.com

About NAALive

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 premiere Web site for consumer access to the auction industry. This means thousands more potential bidders for your auctions.

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, Unlimited Closeouts.com and iTrustee.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 and iTrustee, 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." These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. 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, management, financing, competition, on-line auction business, 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. Actual results may differ materially from the Company's expectations and estimates. The Company does not realize nor book the full revenue of auctions that it facilitates in its financials, only the net auction fees, that can vary from time-to-time, that it realizes. E.&O.E.