Ableauctions.com, Inc. is an early-stage company and has developed its business and technology through the acquisition of various auction houses in the United States and Canada. Its primary business activity is as an auction technology company and a liquidator. The Company's revenues, for the most part, stem from auction broadcast services, point-of-sale (POS) and hardware services and liquidation services. In September 2003, Ableauctions.com acquired Rapidfusion Technologies Inc., which creates and maintains Websites, builds and supports custom hardware and network configurations and has developed a POS software that allows purchase orders, invoices and shipping notices to be sent by telephone overnight. In February 2004, the Company launched iTrustee.com, a reseller platform to expose bank and trustee inventories, as well as distressed merchandise, exclusively to resellers, auctioneers and liquidators.