Ableauctions.com, Inc. - Current Report - 22AUG08

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC  20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934


Date of Report (Date of earliest event reported):  August 22, 2008 (August 22, 2008)


ABLEAUCTIONS.COM, INC.

(Exact name of Registrant as specified in charter)


Florida

000-28179

59-3404233

(State or other jurisdiction of incorporation)

(Commission File Number)

(IRS Employer Identification Number)



1963 Lougheed Highway

Coquitlam, British Columbia Canada

(Address of principal executive offices)


Registrant’s telephone number, including area code:  604-521-3369


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions (see General Instruction A.2 below).


[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR240.14a-12)


[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)).


[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13(e)-4(c))





Item 8.01 Other Events


On August 22, 2008 we announced that we are actively seeking a strategic partner or a potential purchaser for our live auction broadcast service operations.  These operations include the operations of iCollector.com Technologies Ltd., our wholly owned subsidiary, which broadcasts antique and collectible auctions over the Internet for numerous galleries and auction houses throughout the world, and the business and industrial auctions conducted over the Internet for auctioneers and members of the National Auctioneers Association (NAA).  We have decided to pursue this option as a result of eBay’s decision to wind down the operations of its eBay Live Auctions platform effective December 31, 2008.  The sale, consolidation or merger of our live auction broadcast services may offer synergies and increasing returns to scale.


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


ABLEAUCTIONS.COM, INC.




/s/ Abdul Ladha

Abdul Ladha, Chief Executive Officer

Dated:  August 22, 2008