Liquidation World Inc. is pleased to announce the opening of two additional computer liquidation centres within its London and Keswick, Ontario outlets on November 7, 2002.

The addition of two outlets expands a joint venture initially formed a year ago between Liquidation World Inc. and factorydirect.ca - “Canada’s Computer Liquidators”. factorydirect.ca is a privately held Canadian company with 5 locations in Southern Ontario, specializing in selling computer products acquired through opportunity situations, thus providing tremendous value to the consumer. Liquidation World is continuing to test the store within a store, concept and intends to expand this joint venture to number of its other locations if results are satisfactory.

“The computer products category is a great one that requires considerable product knowledge” said Dale Gillespie Chairman & C.E.O. of Liquidation World. factorydirect.ca brings the expertise in sourcing merchandise in this category so that our customers are able to save money on this category too.”

Liquidation World has experimented with this arrangement in our Hamilton City Centre outlet and are encouraged to test the concept in other outlets.

About Liquidation World

Liquidation World offers a uniquely diversified menu of solutions for organizations with asset recovery issues. Services include auctions, reverse logistics and processing, store closure sales management, turnaround consulting, and retail liquidations of consumer merchandise through 98 outlets across North America. Liquidation World solves asset recovery problems, in a professional manner, for the financial services industry, insurance companies, manufacturers and other organizations. Liquidation World opened its first retail outlet in 1986 and is now the largest liquidator in Canada, with more than 1,600 employees in outlets and offices across Canada and the United States.

For more information, please contact:
Dale Gillespie, C.E.O.
Andrew Searby, CA, Executive V.P. and Chief Financial Officer
E-mail: investorinfo@liquidationworld.com
Website: www.liquidationworld.com
Telephone: (403) 250-1222
Fax: (403) 291-1306