Ableauctions.com Company Description
Ableauctions.com is ready and willing to offer liquidation and merchandising services through its wide array of divisions and subsidiaries. Subsidiary Unlimited Closeouts provides liquidation services to companies with overstock, while iCollector.com offers live fine art, antique, and collectibles auctions. The company sells point-of-sale software through its Rapidfusion Technologies subsidiary, and Axion Investment Corporation handles its real property and investment operations. Ableauctions.com, which earns commissions (anywhere between 10% to 25%) on the items it sells, was established in 1996 under the moniker J. B. Financial Services. Chairman and CEO Abdul Ladha owns nearly 19% of the company's stock.
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The Company Description provides a historical perspective of Ableauctions.com's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Ableauctions.com's evolution in the marketplace.
